(Newswire.net — October 22, 2014) Warsaw, CA — Polish-American Innovation Week (PAIW) will take place in Los Angeles, San Francisco and Palo Alto November 16 -21, 2014. The week-long series of events is an excellent opportunity to get to know products, ideas and achievements in technologically-advanced economic sectors of the largest partner of the US in Central and Eastern Europe. There are plenty of ready-made solutions in Poland waiting for commercialization.
Approximately 200 representatives of Polish companies and institutions from innovative sectors, together with the Polish government delegation, will participate in Polish-American Innovation Week. A number of meetings, events and discussions devoted to the Polish-American co-operation in the innovation and R&D sectors will be held in all three locations. Attending PAIW is a must for any individual, investor or company interested in finding an attractive partner in these areas.
Registration for the events is now open www.paiw.pl/en/zglos
Leader in region, leader in EU
2014 marks the 25th anniversary of the Polish-American economic co-operation. Poland has enjoyed a quarter-of-a-century of freedom and Polish American Innovation Week coincides with the 25th anniversary of social and economic transformations in Poland. Over that time Poland has become the largest beneficiary of American investments in the region. Among others, the R&D sector is an important element of this bilateral co-operation. One in every three businesses and R&D centers with foreign capital in Poland is American.
There are many reasons American capital and investors are attracted to this part of the world:.
- The Polish economy has continued to develop
- Poland is the only EU member state that has avoided recession in recent years.
- Poland has regularly topped the list of the most rapidly growing European states, consistently building its strong position in the EU. Its leading role in the EU can be evidenced by the appointment of Poland’s Prime Minister, Donald Tusk, as the President of the European Council.
- Poland has a large and dynamically growing internal market with significant growth potential that guarantees a fast ROI rate.
- As the largest country in the Central and Eastern Europe, Poland provides an excellent point of entry into the markets of the entire region.
Infrastructure and human capital guarantee success
Poland guarantees excellent conditions for investment in areas of innovation It has a rich offering of modern research and development infrastructure abundant in scientific and industrial parks, technological incubators and R&D centers. Apart from convenient infrastructure Poland offers high quality human capital, including a broad range of experts and specialists, as well as significant intellectual potential comprising 1.7m students engaged in different fields of studies. High labor effectiveness and the international successes of Polish scientists and students serve to further reinforce the potential.
The availability of funds for the development of innovation in Poland is also a factor. Poland is the largest beneficiary of EU funds. In 2014-2020 approx. EUR 10bn will be spent on the Smart Growth Operating Program alone – the purpose of this program is to support innovative and R&D projects.
In the 2007-2013 programing period Poland proved that it is capable of the effective use of EU funds and became a European leader in that area. Among other things, the establishment of 17 scientific and technological parks was financed with EU funds. Public expenditure on R&D is increasing year-over-year – from 11,69 bln PLN in 2001 to 14,35 bln PLN in 2012 (23% increase) – which represents 0,9% of Polish GDP. Although this level can be seen as insufficient, investment in R&D in Poland is growing rapidly. Poland currently ranks 4th in the EU in terms of growth rate.
Innovation Week – years of co-operation
US companies have been investing in Poland for many years. However, there is considerable potential for bilateral potential in the areas of, inter alia, innovations and the R&D sector. Poland can boast of its attractive and innovative business offerings in industries such as ICT, clean tech, life sciences, creative industries, modern financial services and many more.
During the coming Polish-American Innovation Week Polish companies operating in those industries intend to present convincing opportunities to potential American partners. It will be a unique chance for American companies to get to know interesting solutions and innovative ideas straight from Poland and to establish valuable business relationships.
About Polish –American Innovation Week
In June 2014 in Warsaw the Secretary of State John Kerry and the Minister of Foreign Affairs signed “The innovation program framework between the United States of America and the Republic of Poland”. As part of Polish-American Innovation Week the first meeting of the Polish-American Innovation Council is scheduled to be held in California.
The PAIW agenda includes, among other things, the Polish-American Forum of Innovativeness, political and business meetings dedicated to innovations, a conference on opportunities for co-operation between Poland and the US as well as the presentation of products and services of Polish companies and B2B meetings.
Detailed information about the Polish-American Innovation Week can be found at www.paiw.pl/en/. We also encourage you to follow the event’s profile on LinkedIn www.linkedin.com and to register using the form: www.paiw.pl/en/zglos.
For further inforimaton please contact
Sally Falkow
Meritus Media Inc
626 793 4911
sally@meritusmedia.com
About Polish-American Innovation Week
The Polish-American Innovation Week is organized by the Ministry of Foreign Affairs of the Republic of Poland in partnership with the Ministry of Science and Higher Education, the National Center for Research and Development, the Ministry of Economy, the Ministry of the Environment, the Polish Agency for Enterprise Development, the Polish Patent Office, and other institutions aiming at the promotion of the Polish innovativeness in various spheres.