German capital supports Wroclaw startups. Registration started

01.07.2021

German investment fund APX offers money and help in development to Polish young companies. They want to find startups with the potential to become the so called "unicorns" (i.e. with the valuation over 1 billion USD) and finance their growth. In order to benefit, one has to take part in a programme implemented by the Wroclaw-based inQUBE University Entrepreneurship Incubator.

APX is a venture capital investor that specialises in very early stage investments. The fund, which was established in Berlin through a joint initiative by Axel Springer and Porsche, supports startups in the pre-seed phase, often as the first investor.

The APX model combines investment with factual support
One of the basic assumptions is, among other things, an initial investment of €50,000 for a 5 percent stake and cooperation with almost 100 co-investors.

Funding for startups

The investment company APX, together with Ringier Axel Springer Polska and inQUBE University Entrepreneurship Incubator have announced a support programme for startups operating in Poland. Thanks to this initiative, young companies can obtain funding and substantive assistance in their development.

– We hope that thanks to joint activities with Ringier Axel Springer Polska and APX, we will not only manage to get to know and publicise the activities of interesting startups, but also offer them tangible and concrete support. Since 2018. APX has invested in more than 80 startups from 20 industries based in 20 countries. I am glad that now also inQUBE will contribute to this – says Patrycja Modrzejewska, Director of inQUBE University Business Incubator at Wroclaw University of Economics

Marek Kopeć, Group Director of Product at Ringier Axel Springer Polska, adds that cooperation with APX is not only a development opportunity for startups, but also gives them the possibility to present their offer to Ringier Axel Springer Polska. – This is an opportunity to work with one of the largest media and technology companies in the region, and the company’s media portfolio is a good path for startups whose product can fit into the digital ecosystem of media, entertainment and e-commerce.

Ringier Axel Springer Polska is part of the international Ringier Axel Springer Media AG group, which operates in Central and Eastern Europe and publishes over 100 newspapers and 70 websites. Ringier Axel Springer Polska’s media portfolio includes more than 20 print and digital brands, such as Onet and Fakt. International brands include Business Insider, Newsweek, Forbes, Ofeminin and Noizz.

Grants for startups – how to raise capital for business development?

Startups interested in participating in the programme can fill out, located on the website inqube.pl, the application form and send a presentation.