PGE Ventures launches its scouting program for startups
PGE Ventures launched its scouting program. The aim of the program is to reach the widest possible target group and select the companies that best meet the business expectations of the fund and PGE Capital Group.
PGE Ventures fund will invest in startups connected to the broad value chain of PGE Capital Group. Taking into account the projected profile of involvement and the potential for delivery of specific solutions by portfolio companies, projects will be sought in the areas of energy, including low-carbon generation technologies, energy storage, smart home solutions, smart city, big data analyst, and e-mobility. PGE Ventures, in addition to financing development activities, provides entrepreneurs with R&D infrastructure that is available in collaboration with its partners, as well as support for young businesses to build a market strategy.
The selection process is based on PGE Ventures assessment methodology ranging from a number of investment criteria to a due diligence review and investment agreement. Technological and business assessments will be carried out in partnership with industry and corporate experts who will also be part of the investment committees. Decisions will be taken within several weeks.
During the first phase, the fund will operate in Poland, but will consider the possibility of going abroad in upcoming months.