How to commercialize technological innovations
2022
ConQuest Consulting
Polish IT innovation market has prospects for dynamic growth
The market environment in Poland should be described as providing good opportunities for technological innovation. This consists of a large supply of talent - people who specialize in the technology industry - as well as Poland's economic integration within the European Union and developed transatlantic relations.
Indirect or direct commercialization - how to choose and what to follow?
When it comes to IT innovations, there is one particularly frequently chosen model for commercializing a solution. Is it the optimal way? How does it differ from others and what are the pros and cons of each commercialization model. Check out our report to learn more.
Where to get funds to develop innovative solutions. Is there one best source?
Only 27% Polish start-ups say they have not used their own funds as a source of financing in the past. Is this the best way to go? The choice of a source of external financing largely depends on the stage of advancement of the product. Public authorities focus on innovation, grants and subsidies increase investment and liquidate companies. Learn more about external financing options.
Statements of experts regarding the report
"I would emphasize the global aspects. The key element for a local market like Poland is the ability to scale these innovations. I think if we look at them in terms of technology, their regionalization is secondary. In fact, a good local IT market is one that doesn't prevent innovations from being available globally."
Przemyslaw Lasek
Business Development Director Cloudity
"In the Polish innovation market, we can distinguish clusters in which we are relatively strong. This is primarily gaming and broadly defined IT software. Companies developing software in the SaaS model and marketplaces are successful. Most Polish Venture Capital funds invest in these areas."
Michal Olszewski
Partner Movens VC
"It is also worth taking the help of a market expert, [...] who will tell you about the real problems occurring among the potential customers of the solution offered by the creator of the innovation, which will allow you to tailor appropriate content to meet the needs of customers."
Pawel Ogonowski
CEO & Co-founder Growdcode
"The Polish innovation financing market is still in its early stages of development. In 2021 we witnessed record amounts of financing flowing from Venture Capital as well as in crowdfunding. The dynamics of their growth is very high, but still nominally these values do not match Western markets."
Piotr Łuszczek
Vice President of Forc.ee
"Project teams face huge problems in obtaining funding from various sources. Often VCs want to invest in finished products that require a lot of funding, which the creators don't have. From my conversations with creators, it seems that with an MVP in place, they don't really have a chance for funding, which effectively discourages them from further work."
Magdalena Ostrowska
Academic Business Incubator
What will you find in the report?
Analysis of the Polish technological innovation market
Poland's position in terms of innovation, factors supporting the development of the IT sector, challenges of commercialization of innovations.
Description of methods of commercialization of innovations
Basic commercialization models: licensing, copyright transfers, indirect, spin-off and spin-out.
An example of how the process is divided into stages of commercialization
List 5 steps for successful commercialization: value verification, incubation, demonstration, promotion, and expansion.
Description of external funding opportunities
Characteristics of the sources of foreign capital available in the IT sector for innovative companies.
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