Abstract: Innovations, especially technological, are considered
key-drivers for sustainable economic growth and competitiveness in
the globalised world. As such they should also play an important role
in the process of economical convergence inside the EU.
Unfortunately, the problem of insufficient innovation performance
concerns around half of the EU countries. Poland shows that a lack of
a consistent high-tech financing system constitutes a serious obstacle
for the development of innovative firms. In this article we will
evaluate these questions referring to the example of Ammono S.A., a
Polish company established to develop and commercialise an original
technology for the production of bulk GaN crystals. We will focus on
its efforts to accumulate the financial resources necessary at different
stages of its development. The purpose of this article is to suggest
possible ways to improve the national innovative system, which
would make it more competent in generating high-tech leaders.