{"id":992,"date":"2016-08-25T02:29:04","date_gmt":"2016-08-25T02:29:04","guid":{"rendered":"https:\/\/www.startupblink.com\/blog\/?p=992"},"modified":"2023-10-27T14:48:56","modified_gmt":"2023-10-27T14:48:56","slug":"warsaw-startup-ecosystem","status":"publish","type":"post","link":"https:\/\/www.startupblink.com\/blog\/warsaw-startup-ecosystem\/","title":{"rendered":"Warsaw Startup Ecosystem"},"content":{"rendered":"

\"Warsaw<\/p>\n

Click here to view Warsaw’s Startup Ecosystem Dashboard\u00a0<\/a><\/h5>\n

Introduction to the Warsaw startup ecosystem<\/h1>\n

Warsaw is the capital of Poland and has slightly more than 1.7 mln residents. It\u2019s also Poland\u2019s biggest city and education levels are high, thanks to a huge number of colleges. People come to work here from many nearby and far-away cities and in the result, just in 2013 (Wikipedia<\/a>) Warsaw created 13.2% of country\u2019s GDP. It is home to many companies.\u00a0 In StartupBlink’s 2019 report<\/a><\/strong>, Warsaw ranked 1st in Poland and 54th globally. <\/p>\n

A number of companies decide to start and settle in Poland\u2019s capital or at least have a representative resident branch. To give you a few examples: Google, Samsung, Goldman Sachs. Headquarters here has one in twelve companies in Poland (Wikipedia<\/a>). It is caused by a few factors. One of them is the people. Warsaw is full of hard-working, educated and ambitious people, which are coming here from the whole country. Moreover, it\u2019s a huge marketplace. Whatever you\u2019re selling, that\u2019s a place where to look for a buyer. That\u2019s also a reason why most Polish startups decide to open their business here, according to Startup Poland report<\/a> 28% of them are based in Warsaw. The organisation called Startup Poland is a voice of Polish startups. They are connecting this fresh environment with politicians and administration, trying to make changes in the law, so it will be more suitable for starting young companies.<\/p>\n

These arguments are influencing start-ups. Warsaw startup ecosystem is quite fresh, but it develops exponentially fast. Reaching again to Startup Poland report, two-thirds of them are less than four years old. The biggest sector is producing software and SaaS model is more preferable. Quite a big share of the market is created by accommodating the needs of the SME. In the effect, the B2B model is more frequently chosen. Investing is still in the early stages as almost 60% of start-ups are self-financing. However more and more often we hear in the news about big investments being made.<\/p>\n

Moreover, many organisations, VC\u2019s, people experienced in the startup environment are serving as mentors. Those who succeed and make it big, make an effort to pay it forward. Most common way are mentoring hours and there are plenty of them organised in Warsaw. Start-ups are showed the right directions and get various kinds of advice. Lawyers help them with the legal framework, accountants provide them with appropriate services and trainers to help them with their pitches. At many contests, young entrepreneurs are given the opportunity to win mentoring, money, investments and recognizability.<\/p>\n

Working from a co-working space is becoming more and more popular. The people inside a co-work create a community, which helps each other. Sometimes those spaces are gathering even more people. One of the oldest and coolest coworking spaces is Reaktor Warsaw. For the past 5 years, it has gathered the Warsaw startup community at OpenReaktor events to exchange experiences, advice and connect startups with the corporate ecosystem.<\/p>\n

Now is the best time to launch a startup in Warsaw!<\/strong><\/p>\n

Successful startups in Warsaw<\/h2>\n

A few startups clearly stand out from the crowd. Let\u2019s give them a high five by introducing them to you:<\/p>\n