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Map of the European startup ecosystem: Ukraine

Map of the European startup ecosystem: Ukraine

"Life still exists here. And the market, and money," said one of the investors, not hiding his surprise, after a recent visit to Ukraine. However, this is no surprise: despite nearly 2 years of war, people try to function normally, and entrepreneurs - to develop businesses. And the prospects are only better.

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At the end of February, Microsoft bought shares in the French startup Mistral AI. This company, which has been in existence for less than a year, is now valued at 2 billion dollars and is described as a threat to the position of OpenAI. What does this tell us about the European technological ecosystem and its chances of catching up with the world?

Microsoft invested in the French startup Mistral AI, VIGO Photonics may build a Polish semiconductor factory, and PFR Ventures fueled four Polish VC funds with 150 million PLN. What else did we live through last week?

Funds supported by PFR Ventures will invest most of the capital in innovative companies from Poland. In total, over 700 million PLN may go to Polish enterprises.

Google's BardAI started speaking Polish, Warsaw University of Technology launched its VC fund, and OpenAI still has to defend itself in Italy against privacy violation allegations. What else did we live through last week?

Warsaw University of Technology Investment Factory is the first venture capital fund established by a Polish public university. What do we know about it?

The report prepared by PFR Ventures and Inovo VC analyzes transactions on the venture capital (VC) market in Poland in 2023. According to this report, 399 companies managed to raise a total of 2.1 billion PLN from 210 different funds. This is a decrease of 42% year on year.

The Polish Ministry of Digitization establishes an advisory team PL/AI Artificial Intelligence for Poland, Employers of the Republic of Poland create the Polish Council of Entrepreneurs, and another wave of layoffs shakes the global IT market. What else did we live through last week?

Polish startup ElevenLabs among the so-called unicorns, Elon Musk's visit to Poland, and further copyright infringements by generative AI. What else have we lived through in the past week?

What are Polish small and medium-sized entrepreneurs afraid of in 2024, the International Monetary Fund warns against AI, and Revolut faces multi-million fines for privacy breaches. What else did we live through last week?

The company Creandum published a report on the salaries of startup founders. The study was conducted among 650 entrepreneurs from 47 European countries, and the aim was to provide data on the average earnings of founders at various stages of their companies' development.