Portugal oceantech II: Single-minded efforts to build an ecosystem of international reference

Portugal

6 min read

Jan 06, 2021

By Gareth Gardiner Jones

By Qu Sihan © CompassList

With dedicated accelerators and investment programs, supported by the EU’s vote of confidence, Portugal appears on track to lead in oceantech

The launch in October 2020 of the €75m PORTUGAL BLUE program to boost Portugal’s VC oceantech investments and blue economy startups is an important milestone in the country’s quest to be an oceantech leader. The European Investment Fund and the Portuguese government have each injected €25m and this, in turn, is expected to trigger private investment of another €25m.
Two months later, Portugal's bluetech capability was given a vote of confidence when Portuguese non-profit Forum Oceano and its local tech promotion partner Beta-i won the bid to lead the EU’s Atlantic Smart Ports Blue Acc...

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