MISSION OF PLUS IP
Poland is the United States’ largest commercial partner in Central Europe, and the United States is one of the top sources of foreign investment in Poland. Over the past ten years, our bilateral trade quadrupled. American companies have invested more than $20 billion in Poland and more than 180,000 Poles gained employment directly from U.S. companies.
Poland is the sixth-largest economy in the European Union and has witnessed economic growth every year since 1992. Poland experienced GDP growth of over 20 percent from 2008 to 2013. Its highly educated work force, structural reforms, infrastructure development, and improved competitiveness have contributed to this strong growth.
PLUS IP is a public-private partnership that brings together U.S. and Polish government, business, and academia to advance innovation through joint venture and joint research and development projects between the United States and Poland. The two countries are sharing best practices and expertise to replicate successful American innovation models such as the Research Triangle and Silicon Valley in Poland. This effort provides opportunities for joint projects between U.S. and Polish companies and organizations aimed at promoting access to capital, more rapid and effective commercialization of technology, strengthening and expanding regional innovation clusters, improving collaboration in key economic sectors (i.e., defense, energy, health, and science and technology), and fostering the innovation ecosystem.
In this way we hope to expand entrepreneurial and business ties between our two countries, which leads to the development of new technologies that improve the well-being of the people of Poland, the United States and the world, while bolstering the economies of our two nations.
Purpose:The two governments created PLUS IP to expand bilateral innovation cooperation, and facilitate links between our academic communities, industry, high-tech companies, and governments with the intent of leading this cooperation to commercial projects.
PLUS IP Council: However, PLUS IP is governed by a “bottom up” approach to cooperation in research and development and commercializing innovative products and services. It is intended that researchers, project managers, business leaders and entrepreneurs on both sides will identify counterparts and jointly develop specific research and innovation projects. Proposals for funding may be submitted to the innovation funding mechanisms being established by the Polish government. A major role of the U.S. Department of State and its counterpart in Poland – the Ministry of Science and Higher Education - will be facilitating the participation of key stakeholders, inter alia, from government, academia, industry, and the financial sector in both Poland and the United States.A major role of the U.S. Department of State and its counterpart in Poland – the Ministry of Science and Higher Education - will be facilitating the participation of key stakeholders, inter alia, from government, academia, industry, and the financial sector in both Poland and the United States, at the initial and subsequent meetings of the Poland-U.S. Innovation Program Council
Council: The PLUS IP Council will manage the PLUS IP, providing the necessary guidance for further development of this bilateral initiative. The Council is chaired by the Ministry of Science and Higher Education of the Republic of Poland (Undersecretary of State for Research, Development and Innovation) and the U.S. Department of State (Assistant Secretary for Economic and Business Affairs). The PLUS IP Council intends to meet and operate in accordance with the Statement of Intent (SOI). The Council will meet twice annually, once face-to-face, and once by video conference. Face-to-face meetings will rotate between Poland and the United States. The State Department’s Special Representative for Commercial and Business Affairs (CBA) has been designated as the U.S. Coordinator to oversee PLUS IP efforts.
Sub-Committees:Both sides have agreed to establish four sub-committees within PLUS IP, where the work will continue throughout the year. The sub-committees are: 1) Technical Sub-Committee for Establishing the Fund(s); 2) Promotion of Collaboration in Defense, Energy, Health, Science & Technology; 3) Promoting Regional Industry Clusters / Regional Innovation Clusters; and 4) Access to Financing and Commercialization of Technology.
PLUS-IP Fund:The Polish Government is establishing several venture capital funds which PLUS IP initiatives may solicit for funding. The Polish Government has proposed that its National Centre for Research and Development (NCRD) would provide 50-55% of each fund’s initial capital from EU-provided structural funds and requested the remainder come from private partners. Each fund could be valued at between $100-250 million. The U.S. has agreed to assist Poland in conceptualizing the establishment of this financing mechanism.
Participants: Government agencies, business leaders, venture capitalists, universities, entrepreneurs and non-government organizations will participate in PLUS IP.
Council: The PLUS IP Council consists of 12 members per country. These members are government agencies and umbrella organizations or associations that represent multiple companies, organizations, or NGOs. The majority of the U.S. members are non-government entities.
Polish Council Members: Ministry of Science and Higher Education, Ministry of Foreign Affairs, Ministry of Economy, Ministry of National Defense, Association of TOP 500 Innovators, Employers of Poland, National Center for Research and Development, Polish Academy of Sciences, Polish Agency for Enterprise Development, Polish Chamber of Commerce, Polish Confederation Lewiatan, and Scientific Policy Committee.
U.S. Council Members: U.S. Department of State, U.S. Department of Commerce, U.S. Department of Defense, Overseas Private Investment Corporation (OPIC), Activity for Innovation and Economic Growth, American Councils for International Education, US – Poland Business Council, U.S. Chamber of Commerce, AmCham Warsaw, US – Polish Trade Council,the University of Texas at Austin, and the National Defense Industrial Association.
Sub-Committees: Participation from individual companies, organizations, and individuals is anticipated at this level.
PLUS IP © 2015