Poland: state development bank and EU invest EUR 85 million in tech funds

Poland’s state National Development Bank (BGK) and the European Union’s European Investment Fund (EIF) have announced their first investments under a joint programme that funds Polish companies operating in the advanced technology sector. They are providing EUR 85 million (365 million zloty) to three Polish venture capital funds that specialise in identifying and financing early-stage…

Poland: electronics firm Vigo Photonics acquires US rival InfraRed Associates

Polish firm Vigo Photonics, which specialises in producing advanced infrared sensors, photon detectors and semiconductor materials, has acquired US rival InfraRed Associates for $8.4 million (31.2 million zloty). The Polish firm hailed the deal as a “major step in the company’s global expansion strategy” that would “significantly strengthen Vigo’s footprint in the United States and…