Perhaps every aspiring entrepreneur dreams of creating an innovative startup and transforming it into a working business with a systematic approach. However, your future success can be influenced by many different factors. For example, many business owners try to base their companies in developed countries only. One of the most promising options for creating a new startup is Poland.
This country offers excellent conditions for the development of modern startups, business promotion, and constant progress. Regardless of the type of your startup, Polish software developers will help you create the best solution. There are many other reasons why Poland is an ideal country to launch a new business idea in any field. In this article, we would like to share with you five reasons why you should choose Poland for your startup.
1. Support By The State
The government of Poland provides a number of initiatives to encourage entrepreneurship, especially for young startups. There are grants, tax incentives, and funding opportunities necessary for the government to help foster innovation and business development. Things that are done include startup programs to get to the venture capital and tax breaks for smaller businesses that are early on. A strong regulatory framework and transparent policies also add up to ease of doing business in the country.
Furthermore, Poland provides a favorable investment climate in the form of market growth and well-developed infrastructure and is a given destination for new businesses. These supportive measures facilitate starting a business with little or no risk, as they solidly establish an entrepreneur as a success.
This government support for entrepreneurs encompasses more than finances. Why is it so? It also consists of networking opportunities, workshops, or mentorship programs, all intended to aid the entrepreneurs to scale up their businesses. Through this combination, Poland acts as a key player in Europe in terms of startup growth and innovation.
2. Rapid Growth Of Technologies
One of the factors that makes it ideal to start a technology startup is that Poland is one of the fastest-growing tech areas in Europe. Sectors such as artificial intelligence, blockchain, and software development are where Poland is trying to break itself as a leader in digital transformation. Here’s what characterizes Poland:
- Growing number of tech hubs and incubators.
- High demand for technology solutions across industries.
- Actions taken by the government for tech development.
- Access to such advanced research and development.
- Strong presence of international tech companies.
Technology in Poland is growing rapidly; thus, new businesses have ample opportunities to scale quickly. Poland is increasingly recognized as a European tech hub, and entrepreneurs can tap into a thriving ecosystem of like-minded innovators.
3. Wide Pool Of It Experts
Obviously, Poland can boast of its strong pool of talent from the IT sector. There are thousands of companies officially operating in the country, specializing in application development, website development, design, data analytics, and many other areas. Statistics show that the total number of software developers from Poland exceeds the mark of 400 thousand people. They are mostly concentrated in major cities, including Warsaw, Kraków, Wrocław, and others. It sounds impressive, doesn’t it?
Higher education institutions in the country annually graduate thousands of young experts who are ready for real challenges. However, the most important thing is to turn to reliable professionals to develop your startup. Usually, budding entrepreneurs choose between two options — approach a company or look for freelance professionals. Development companies like N-iX guarantee quality and timely fulfillment of tasks.
4. Favored Location
Poland’s geographical position allows for making a base of launching a startup. Especially for businesses planning for expansion into other European markets. Poland is located at the heart of Europe with great access through its well-developed highways, railroads, and airports to the major cities across the continent. Thus, its strategic position leaves startups immediately able to explore Western and Eastern European markets for a larger client size. Moreover, businesses employed in any EU member country are free to trade freely throughout the EU, there are no tariffs and common regulations.
As well as that, Poland is right in the center. Because of that, it is the perfect location for businesses to expand their global presence. Poland’s proximity to markets is an asset to entrepreneurs, as is a stable economy and a welcoming business environment.
5. Affordable Prices
The low cost of living and business in Poland are some of the major advantages of starting one’s business in this country. In terms of expenses, renting office space is much lesser than in other Western European countries. Thus, spending can be saved – especially among startups during the early stages. Also, Poland’s labor costs are competitive, so you don’t have to spend much on salaries.
Moreover, the consumer price index is low as well. This makes it easier for the business to manage expenses and also for employees to live better, especially since in more expensive regions, they have to put more money to afford.
Apart from such costs, Poland’s competitive salaries mean that startups can poach talented employees and can keep wages in hand with local personnel costs. The affordability, paired with the government’s support programs, is a strong bedrock to build up the economic growth of startups.
Wrapping Up
If you are looking for the optimal region in Europe to launch a new tech startup, you should definitely consider Poland. This is a country with a rich pool of IT talents that will help you realize any idea you have. You can expect the best results when you turn to leading software developers in Poland for startup development. There are many reliable development companies, such as N-iX, so you have a wide range of options to choose from.
Among other reasons, we can highlight the affordable prices for labor and services, as well as the rapid growth of technology. As you already know, the Polish government encourages IT startups and investors in various ways, so this is a great place to start your way in business.