- PKO Bank Polski started cooperation with the Spanish startup WeGrant and made the EU funds search engine available to its business customers on a pilot basis.
- As part of the pilot, which will last until the end of 2024, as many as 2,000 companies will use the tool for free.
- The EU funds search engine uses AI and is the first solution of this type available in the Polish banking sector.
PKO Bank Polski has started cooperation with the Spanish startup WeGrant. Thanks to it, 2,000 corporate clients of the bank will be able to use the EU funds search engine for free. It makes it easier to find and choose appropriate financial support from EU funds, including: for business development, project implementation, or innovation implementation. Additionally, companies participating in the pilot can count on consultants who will provide additional support.
– By implementing its mission and implementing the latest technological solutions, PKO Bank Polski consistently makes it easier for customers to use financial services. In search of new values ​​for business, we have started cooperation with WeGrant, under which we provide our clients with an advanced tool supporting the process of applying for EU subsidies and grants. Thanks to this solution, entrepreneurs can gain access to additional money that will help them implement ambitious and innovative projects. If the reception of the pilot is positive and the tool meets the expectations of our customers, we will consider full implementation of the platform as our additional service – said Radosław Hutnik, Director of the Corporate and Enterprise Banking Transformation Division at PKO Bank Polski.
WeGrant – a support tool when applying for EU funds
The WeGrant platform is an advanced and unique tool on the Polish market that will help companies discover the offer of European Union subsidies and grants. Its main element is a search engine for EU funds supported by AI algorithms. It helps to better match the competition selection to the company’s profile, which increases the chances of success in the fundraising process.
The algorithm created by WeGrant assesses the suitability of competitions intended for companies according to a point scale and allows entrepreneurs to focus on those that are most suitable for them. It takes into account six factors: the duration of the competition, the type of financing, the date of grant payment, the size of the available pool of funds, the scope of the competition program, and whether further calls for proposals are planned. The assessment also takes into account individual factors for each client, including the results of completed recruitment processes in a given category, company size, location, PKD code, and the subject of the planned investment.
The algorithm indicates the chance of obtaining funding, and consultants provide additional support in the process of applying for funds.
