FORBES: Poland on Track to Becoming A Major European Tech Startup Hub

added: Anna Woińska | 2016-07-22 17:39:01

innovation, startup, european hub, poland, forbes

Poland is making its power play, with a rising tally of digital success stories, a well-developed startup infrastructure, and the new Google GOOGL +0.92% Campus in its capital Warsaw set to provide a catalyst for innovation throughout the CEE.

Poland has already produced a number of global tech startup successes. A recent report from StartUp Poland shed further light on the country’s digital economy. Its poll of just over 2,400 startups revealed that 39% were software development enterprises, mainly selling their products as SaaS. Of the startups that were growing at more than 50% annually, most were doing so through the sale of mobile and big data services to large corporations. Over half (54%) of Polish startups are exporting abroad.

Sixty per cent of Poland’s digital entrepreneurs had bootstrapped their startups, and reported being profitable from the outset. Others have used EU funding and domestic and overseas VC funding.

The full article by FORBES:
http://www.forbes.com/sites/alisoncoleman/2016/05/20/poland-on-track-to-becoming-a-major-european-tech-startup-hub/#5c8f5682431b