Notice of a Call No. 2 for Tenders for Financial Intermediaries - PFR Biznest FIZ

Basic information on the Call

PFR Ventures Sp. z o.o. (A Limited Liability Company) with its registered office at ul. Książęca 4, 00-498 Warsaw, entered in the register of entrepreneurs of the National Court Register, kept by the District Court for the Capital City of Warsaw in Warsaw, 12th Commercial Department of the National Court Register, under the number KRS 0000533101 (“PFR Ventures”), as the entity managing a part of the portfolio of PFR BiznestFunduszInwestycyjnyZamkniętyAktywówNiepublicznych (PFR Biznest Closed-End Investment Fund of Non-public Assets), entered in the register of investment funds maintained by the District Court in Warsaw, 7th Civil Registry Department, under the number RFI 1437 (“PFR Biznest FIZ”), acting under an agreement between PFR Ventures and PFR TowarzystwoFunduszyInwestycyjnych S.A. with its registered office at ul. Ludna 2, 00-406 Warsaw, entered in the register of entrepreneurs of the National Court Register, kept by the District Court for the Capital City of Warsaw in Warsaw, 12th Commercial Department of the National Court Register, under the number KRS 0000486060 (“PFRTFI”), hereby announces Call No. 2 for Tenders for Financial Intermediaries, managed by PFR Biznest FIZ.

The Call for Tenders constitutes part of a project co-financed under the European Regional Development Fund, Smart Growth Operational Programme 2014 – 2020 (“SG OP”), Measure 3.1. Funding of the SME innovative activity using venture capital Sub-measure 3.1.2. Business Angels’ group investments in SMEs – Biznest. The Beneficiary of the project is Bank GospodarstwaKrajowego, operating under the Act of 14 March 2003 on Bank GospodarstwaKrajowego (Journal of Laws No 65, item 594, as amended), with its registered office in Warsaw,Al. Jerozolimskie 7, 00-955 Warsaw, REGON (statistical number): 000017319, NIP (taxpayer identification number): 525-00-12-372.

Time and location for submitting Tenders

Tenders must be submitted in Polish or in English, only in an electronic version, via an online platform made available for this purpose, at: from 9March 2018 to 16March 2018(by 4:00 pm local time on the last day of the Call).

For detailed information on the Call for Tenders please see the “Rules for the Submission and Selection of Tenders”.

Purpose for which funding under the Call may be appropriated

The purpose of the Call for Tenders is to appoint Financial Intermediaries (i) that will contribute, to the highest degree, to the achievement of the main objective related to the implementation of the Biznest Programme consisting in ensuring the necessary funding for the operation of Eligible Undertakings and stimulating Business Angels and (ii) that will ensure proper financialmanagement, transparency, sustainability and financial feasibility of the aforementioned Biznest programme.

It will be the task of the Financial Intermediaries to select Business Angels and Eligible Undertakings to pursue Co-investment projects financed with the use of returnable funding provided by PFR Biznest FIZ, the Managing Entity and with the use of Business Angels’ private funds.

Types of entities that may seek funding under the Call for Tenders

Any entities meeting the definition of a Financial Intermediary (as stated in the Rules for the Submission and Selection of Tenders) may submit tenders under the Call.

Within the Call procedure, Tenders may also be submitted if the Financial Intermediary - as at the date of submission - has not yet been established. In such a situation, the Tender should be submitted by the entity which will manage such a Financial Intermediary once it has been selected under the Call and once the Financial Intermediary in question has been established (the “Managing Entity”).

Funding earmarked for the Call

The total amount of funding intended to be earmarked for financing the Financial Intermediaries under the PFR Biznest FIZ programme totals PLN 240,000,000 (say: two hundred and forty million zlotys)and shall be reduced by the amount allocated under Call No. 1 for Financial Intermediaries for the PFR Biznest FIZ programme.

Coinvestment funds established under the PFR Biznest FIZ will have capitalization from PLN 5,000,000 to PLN 30,000,000.

PFR Biznest FIZ reserves the right to change the amount allocated for supporting the Tenderers under the Call, as well as the amounts earmarked to support any given Tenderer.

Information meetings

PFR Ventures will hold an information meeting offering the opportunity to directly examine the rules of the Call and to ask questions to the investment and legal team in charge of conducting the Call for Tenders.The event will take place March 1st, 2018 at 15:00am in Centrum Bankowo – Finansowe, NowyŚwiat 6, Warsaw, in Sala Kinowa, level -1.

Contact:

Any queries concerning the Call for Tenders may be asked via an online platform available at: by 8 March 2018 12:00 a.m. at the latest.

The frequently asked questions and answers relevant for the Tenderers are posted online at:

Documents available for download at :

Rules for the Submission and Selection of Tenders No 2

Appendix 1 – Tender Form

Appendix 2 – Tenderer’s Team Form

Appendix 3 – Financial Intermediary’s Operating Concept

Appendix 4 –Business Angel Ecosystem’s Partner Entities Form

Appendix 5 – List of Potential Co-investment Projects

Appendix 6 – Tenderer’s Statement

Appendix 7 – Term Sheet

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