Organization · Government VC
NCBR Investment Fund ASI S.A.
NCBR Investment Fund ASI S.A. is a government-backed co-investment fund based in Warsaw, Poland, focusing on small and medium-sized enterprises in growth phases that commercialize research and development results.
Overview
What NCBR Investment Fund ASI S.A. does
What NCBR Investment Fund ASI S.A. is
NCBR Investment Fund ASI S.A. is a government-backed co-investment fund based in Warsaw, Poland, focusing on small and medium-sized enterprises in growth phases that commercialize research and development results.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Government VC
- Structured capabilities
- Funder
- Last reviewed
- March 18, 2026
Official channels
Find NCBR Investment Fund ASI S.A. elsewhere
Open the official website or a supported primary organization account.
Capability profile
NCBR Investment Fund ASI S.A. as a funder
Investment thesis
NCBR Investment Fund ASI S.A. focuses on co-investing in small and medium-sized enterprises (SMEs) that are commercializing research and development results, particularly in the growth and expansion phases.
Focus narrative
The fund targets SMEs that are transitioning from seed and startup stages to growth and expansion, specifically those involved in the commercialization of research and development projects. Eligible companies must be classified as micro, small, or medium enterprises, have been operating for no longer than seven years since their first commercial sale, and be based in Poland or other OECD countries.
Value beyond capital
NCBR Investment Fund ASI S.A. adds value to its portfolio companies by providing not only financial support but also access to a network of resources and expertise in research and development. The fund's affiliation with the National Centre for Research and Development allows it to facilitate connections with Polish research institutions and enhance the commercialization process for innovative technologies.
Terms and economics
- Typical check
- $750,000–$16,000,000
- Sweet spot
- $5,000,000
Focus and fit
- Stages
- Seed · Seed+ · Growth Equity
- Regions
- Europe
Availability
- Currently deploying
- Yes
Portfolio and track record
Portfolio context
Notable portfolio companies include: IMAGENE.ME: A Polish biotechnology company offering a unique integrated ecosystem for personal genomics, including advanced DNA analysis and personalized health recommendations. Digital First AI: Provides SaaS solutions for marketing strategy selection and ad creation supported by artificial intelligence, aiming for fully autonomous marketing campaigns. HiProMine: A producer of alternative protein, fat, and organic fertilizer using innovative insect farming technology, which has received a co-investment of 20 million PLN for its innovations. Saventic Health: A Polish company that has developed an algorithm to revolutionize medical diagnostics.
Common questions
What to know about NCBR Investment Fund ASI S.A.
Upseed classifies NCBR Investment Fund ASI S.A. under the Government VC organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 18, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.