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StartUP Portugal is the Portuguese strategy for entrepreneurship and the New Business Storm Partner that we are proud to have.

Portugal is a country rich in talent and diversity. The public investments made in the past decade in education, infrastructures, and technology pave the way for those wanting to start or invest in a new business.

With one of the most vibrant entrepreneurship ecosystems in Europe, Portugal is a top destination to create, test, fail fast and try again.

StartUP Portugal from PortugalVentures on Vimeo.

Startup Portugal is the Portuguese Government’s strategy for Entrepreneurship.

More than fostering an entrepreneurial spirit, it aims to support those who are already entrepreneurs, ensuring the longevity of the companies created and increasing the impact they have on job creation and economic value. It means to organize, free up and promote the sharing of benefits, best practices, and resources, identify regional and sectoral flaws and fill gaps. Devised as a four-year plan, it is focused on three areas of operation:

  1. Ecosystem
  2. Funding
  3. Internationalisation

I. Ecosystem

This pillar of StartUP Portugal’s intervention shall be developed with the purpose of identifying and overcoming sectoral and regional gaps in the acceleration programme, business incubators, fablabs, maker spaces and design factories. It will also strive to increase the international competitiveness of these assets, to promote the sharing of physical resources and know-how, to promote greater professionalization of teams and of the services offered to entrepreneurs and companies being incubated. This pillar also includes the creation of regulatory task forces to facilitate the research, testing and production of cutting-edge technology in order for Portugal to become a pioneer in the creation of regulations that attract R&D, production and investment in emerging sectors. The process to facilitate the relationship between start-ups and the Public Administration shall also be looked at in-depth, namely the simplification of company information a prestart and the implementation of Fast-track Visas for the foreign employees of science and technology-based companies.

  • National Incubators, Makers and FabLabs Network
  • Free Zone – Technology
  • Simplex for Start-ups
  • Inclusive and job-oriented Entrepreneurship

II. Funding

The public financing policies for start-ups will be focused on offering alternatives to bank loans, namely by promoting new methods of financing, such as equity crowdfunding and peer-to-peer lending, co-investment with the best national and international investors, bolstering Portugal Ventures’ intervention as the body responsible for public venture capital investment, in strategic sectors for the national economy and in projects at a stage at which the risk is perceived to be too high for private investors and where there is currently a gap in the market. Within this scope, vouchers will be created for start-ups to acquire professional incubation services, and for young people who live in Portugal or abroad who wish to create a start-up in Portugal, regardless of their financial situation, to support the establishment of the most favourable tax regime for the start-ups and to provide job creation incentives.

  • Startup Voucher
  • Momentum Programme
  • Incubation Voucher
  • Seed Programme
  • Hiring Incentives
  • Calls Portugal Ventures
  • Co-investment with Business Angels
  • Co-investment with Venture Capital Firms

III. Internationalisation

In this area, a number of initiatives will be carried out to strengthen the objective to position Portugal as a
global destination to attract foreign start-ups, investors, incubators and accelerators, to promote the national ecosystem in the markets, namely by supporting the presence of Portuguese start-ups at the main sectoral trade fairs, at the largest global tech events, in official delegations, in State visits abroad, and State receptions for foreign entities.

● Portuguese start-ups at the largest global tech events
● Portuguese start-ups at the main national sectoral trade fairs
● Portuguese start-ups at official receptions and State events

 

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