Poland’s tech hubs that are driving business innovation and growth

Poland’s tech hubs that are driving business innovation and growth

Discover how two Polish cities are leading Poland’s surge in innovation and entrepreneurial growth and why they’re a goldmine for businesses looking to expand.

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In Poland’s world of innovation, two cities are making big waves. Warsaw and Krakow have become bustling centres of cutting-edge technology and business growth. They’ve transformed from historical landmarks to dynamic hubs, thanks to strategic government planning and policies.

For businesses eyeing global expansion, these cities offer a tech-forward environment and plenty of opportunity.

Warsaw’s transformation into a hub for business growth

Despite being devastated during World War II, Warsaw has emerged as a thriving metropolis and a magnet for business. As one of Europe’s fastest-growing cities, its central European location and innovative spirit make it an attractive prospect for businesses.

The capital is also a trailblazer in Poland’s vibrant startup arena, hosting over 3,000 start-ups, 300 co-working spaces, and 130 venture capital firms. It was among the first to invest in startups with local government backing and has attracted global giants such as Google and Goldman Sachs. The non-profit organization Startup Poland is headquartered here, dedicated to fostering innovation, particularly in the technology sector.

In essence, if you’re looking for an environment that supports business growth, Warsaw is where you'll find it.

Krakow: where technology meets tradition

Krakow seamlessly blends historical charm with modern innovation while preserving its soul. Renowned for its artistic legacy and stunning architecture, it’s also established itself as a hotspot for cutting-edge technology.

The Krakow Technology Park hosts over 300 businesses and offers tax breaks and support to speed up growth, opening doors for international businesses seeking partnerships with innovative Polish companies.

Expanding into Poland:

Warsaw and Krakow are role models for how to merge culture, technology and entrepreneurship into a compelling package for international trade and investment. Both cities boast well-connected logistics networks for easy shipping and distribution, as well as a strong tech environment that makes doing business easier and more competitive.

So whether you’re an entrepreneur dreaming of taking your business global, or an established company looking to expand, Poland is the place to be. It’s where tradition meets innovation, and new ventures can flourish. And with the right financial services, like the ones provided by WorldFirst, navigating international trade becomes far less complicated.

How the World Account can help your business

Entering a new market comes with its challenges, but there are tools that can simplify your journey.

Hassle-free currency management

With a World Account, you can open over 10 local currency accounts, including a Polish zloty (PLN) currency account . Say goodbye to hefty bank fees and exchange rate headaches; you can get paid like a local, no overseas address needed. Customers can pay for products and services in their local currency while you can keep your earnings in PLN to pay local suppliers, convert them into another currency for international invoices, or transfer the funds into your home currency.

Efficient supplier payments

Don't let currency boundaries limit your operations. The World Account lets you pay suppliers, staff, and service providers in more than 40 currencies, including the Polish zloty. So you can benefit from competitive conversion fees and focus on building relationships.

Guard against currency risks

Currency fluctuation can make or break your profit margins. You can lock in exchange rates  for up to 24 months to manage these risks and budget with greater accuracy.

Fast payments

Time is of the essence in business. Enjoy fee-free payments to other World Account users across the globe in seconds, speeding up your business processes.

Effortless integration

Receive payments from over 100 online marketplaces and payment gateways, including Amazon Poland and Allegro, allowing you to conduct your business seamlessly.

Open a World Account for free today and start expanding your business to Poland.

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May / 2024
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