Portugal pumps up to €60m into new initiatives to avert backslide in startup ecosystem

Portugal

7 min read

May 28, 2020

By Gareth Gardiner Jones

Image: Shutterstock

Government funding to ensure the strategically important and social impact startups don't fail, post-Covid

With Portugal's economy expected to take a big knock from the effects of the Covid-19 pandemic, and with its tech startups facing falling revenues and increased funding difficulties, a new lifeline has been thrown to early-stage startups. The Portuguese government is financially helping social innovation startups and others it sees as strategically important in the post-pandemic recovery, especially those already carving an international niche in science and industry.
Co-investments worth up to €42m and €18m in new investment vehicles are being facilitated by the Portuguese government and d...

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Edited by Matt Stanley

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