Vice President of the Management Board, Bank Gospodarstwa Krajowego (State Development Bank), responsible for Corporate Banking Division, including relationship management, structured finance, export finance, product development and guarantee programs for SMEs. Responsible for client base including both mid-caps and large corporates as well as public sector and financial institutions. Vice Chairman of bank’s Credit Committee, Member of Operational Risk Committee. He has previously been Executive Director at bank PKO BP S.A. , General Manager and President of the Management Board of Rabobank Polska S.A., Senior Corporate and Investment Banker, Member of the Management Board of ABN AMRO Bank (Polska S.A)., Sales and Product Head for CEE Region Global Transaction Services (ABN AMRO Bank N.V. Head Office, the Netherlands), Deputy Director Corporate Banking (Citibank Poland S.A.) and Division Head (National Bank of Poland, Foreign Department). Mr Szugajew participates in enhancement of corporate and investment banking operations, building local (Poland) and regional (CEE) corporate banking franchise, while working for leading international and Polish banks.

1. BGK role in supporting
innovations
Jerzy Jacek Szugajew
Vice President of the Board
Berlin, 19 June 2015 r.

2. Key information on BGK
 Established in 1924
 100% state-owned
First-choice bank for the State in delivery of
social/economic development programmes
Organizes funds and the system for
supporting export
Organises finance under Polish
Investments programme
Leading bank in finance and services for local
self-government units, municipal companies
and healthcare institutions
The bank supports absorption of EU
funding
Leading institution in the process of
consolidating public finances
The bank manages programmes and
government funds with regard to development
and modernisation of infrastructure
Organizes efficient model for operating with
regard to guarantees for businesses

3. Operational Programme Innovative Economy 2007-2013 Technological
Credit
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 Support for technological
investments carried out by
innovative enterprises
 Operating principle – combination of
credit financing (private resources)
and grants (public resources)
 Grants paid after the implementation
of new technology
ERDF
Operational
Programme
BGK
Implementing
Body
SME
Project
Bank
CreditGrant
Results up to date (the programme
launched in July 2009):
 695 projects supported
 Total amount of grants –
432 mln euro

4. 4
The VIGO System
 new infrared cameras,
 optoelectronic and detection modules on one of
the most advanced production lines of this type
in the world.
 infrared detector has been mounted in the
Curiosity Mars Rover and used to examine the
composition of Martian rocks.
VIGO System PLC
Official Supplier of NASA
New products –
optoelectronic devices
Investment amount:
1,35 mln euro
Grant amount:
0,5 mln euro.
Technological Credit Success Stories (1)

5. Technological Credit Success Stories (2)
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Bowil Biotech is the first biotechnological
company which produces biocellulose in Europe,
used for the production of intelligent cosmetics,
medical devices and pharmaceutical wares
Implementation of the innovative know-how
from Poland’s Lodz University of Technology
BOWIL Biotech Ltd.
Implementation of the
new technology of
biocellulose (bacterial
cellulose)
Investment amount:
3,3 mln euro
Grant amount: approx. 1
milion euro.

6. Bank Gospodarstwa Krajowego
Al. Jerozolimskie 7
00-955 Warsaw, Poland
BGK Line: +48 22 596 58 81, 801 66 76 55
e-mail: bgk@bgk.com.pl
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