The Startup Portugal+ Program – entrepreneurship mesures from PTGovernment

Government launches new measures to support entrepreneurship

 

 

In 2016 the National Strategy for Entrepreneurship Startup Portugal was
launched by the Government with 3 objectives: 

to create and support the
national ecosystem, 

to attract national and foreign investors and 

to
accelerate the growth of Portuguese startups in foreign markets.

 The
Startup Portugal+ Program, presented in July 2018, was designed by the
Government to give a new impetus to the initial strategy and to address
emerging challenges. 

In addition to the consolidation of 5 measures of
the original program, 20 new measures are launched.


Startup Voucher

Support
for the development of projects in the idea phase. It provides for the
assignment of several technical and financial tools for the creation of
new innovative companies by entrepreneurs from 18 to 35 years.
New:
New call for applications open to 9 July 2018 for 400 applicants. For
the first time, it is open to projects in the Lisbon region. There will
be 2 notices per year.

Momentum Program

Support
for recent graduates and finalists of Higher Education who have
benefited from social action grants and who, at the end of their
studies, want to develop a business idea.
New: The number of projects supported under this program will increase to about 50 per year.
 

Incubation Voucher

Support
to companies with less than one year in the area of ntrepreneurship, by
contracting services provided by certified incubators. Support includes
management services, marketing, legal advice and support, digitization
support intellectual property protection and support for applications
for entrepreneurship and innovation contests.
New: Applications will
be open continuously, starting in July 2018. The maximum value of the
ticket goes from 5,000 to 7,500 euros, except in Lisbon.
 

Internationalization support missions

Support
for the participation of Portuguese startups in major international
technology events and in state visits abroad with members of the
Government. It aims to promote the visibility of national startups
abroad and of Portugal as an innovative country.
Upcoming missions /
events 2018: Germany, Brazil, United Kingdom, TechCrunch (September),
SLUSH – Helsinki (December), TechCrunch – Berlin (December). http://startupportugal.com/mabroad/

Road 2 Web Summit

Support
and prepare Portuguese startups to maximize participation in the
largest technological entrepreneurship event in the world.
In 2018:
the number of Portuguese startups to participate in Road 2 Web Summit
rises to 200. The preparation bootcamps are also open to large
Portuguese companies and SMEs.

Startup Hub

Create a
digital platform for mapping startups and national incubators, which
includes information on the supports available to the ecosystem. The
platform will also allow you to approach startups and large companies
through the Pitch Voucher.
 

Pitch Voucher

The Pitch
Voucher promotes the strengthening of the relationship between startups
and large companies. Through the Startup Center platform, companies can
launch technological challenges and startups can respond with innovative
solutions.
 

Training for Entrepreneurs

Courses
intended for entrepreneurs and their teams, funded 90% through COMPETE.
This measure allows to increase the training offer of incubators and
accelerators to respond to the needs identified by entrepreneurs.
Objective: 1200 trainees.

InovGov

Bringing
startups to the public sector, promoting their services and products to
public managers and disseminating to startups how to access and bid for
public tenders in different business areas.

Open Kitchen Labs

Provision
of facilities and equipment in the network of 12 Tourism Schools
throughout the country to startups who wish to test products, services
and concepts in the area of atering and food tech.
 

InovCommerce

Launching
of competitions to present entrepreneurship projects in the area of
commerce, which contribute to stimulate innovation in the sector.
 

Energy Challenge

Funding
of technology-based startups to develop innovative ideas and projects
in the energy field that help solve existing challenges and have strong
market and internationalization potential. Focused on the initial
development of innovative technological solutions in the areas of
renewable energy and energy efficiency (measurement, management,
technologies for reducing consumption, materials) and generation from
renewable sources. Support in the areas of the development of business
plans, risk analysis, intellectual property protection, development of
laboratory prototypes or certification and marketing activities. The
planned funding is between 20 and 50 thousand euros per project,
non-refundable.
 

International Coinvestment Funds

Creation
of an international co-investment fund to promote the attraction of
venture capital funds in Portugal, originating from international
multilateral institutions. The fund provides for a public contribution
which, together with private investment, allows co-investment of up to
EUR 50 million.
 

Startup DNA Line

Creation of a
financial support line for startups and micro-enterprises under the age
of 4 and a minimum of 15% of equity funding. Allocation of 10 million
euros. Maximum financing per company of 50 thousand euros, with the
potential to double under specific conditions. The term of the supported
operations can go up to 8 years. The capital shortage period can go up
to 24 months. The line includes counter-guarantee mechanisms provided
through Portuguese mutual guarantee companies.
 

KEEP- Key Employee Engagement Program

Tax
incentive to support the retention of workers in technology companies
under 6 years. Employees who hold or will hold shares in a company,
obtained through a salary premium, Employee Stock Option Programs or by
individual acquisition, and who obtain gains from these holdings, see
these gains exempt from IRS.
 

Co-investment instruments with incubators and accelerators

Creation
of co-financing lines with incubators and accelerators, in a model
similar to the lines developed to co-invest with Business Angels and
Venture Capital. This mechanism facilitates access to capital by
entrepreneurs and encourages the emergence of incubators that share the
success of startups.
 

Capital + acceleration

Creation
of a financing line for capital inflows to accelerate the growth of
startups. Line managed by IFD. It foresees that the capital investment
operations in the startups can be reversed, with the transformation of
the participations in loan in the medium and long term, using a fixed
scheme of reimbursements. Through this line the startups guarantee a
loan that can be repaid in the medium term, thus recovering the
interests in the capital of the company.
 

Lines of financing for technological projects in Tourism

Creation
of financing for technological projects in Tourism, particularly
innovative solutions in the area of igitalization of tourist experiences
and projects based on virtual reality, augmented reality and artificial
intelligence. A line of support for the Digitization in Tourism is
planned, within the framework of the Valorizar Program. Portugal
Ventures will launch the call.
 

Call MVP – Minimum Viable Products

Launch
of a call by Portugal Ventures for projects of new ideas, technologies,
products or services that foresee the creation of an MVP and its
commercialization in the global market. The areas of Digital
(Enterprise, Cibersecurity, Networks, Artificial Intelligence, AR / VR,
Marketplaces, Blockchain and IoT) and Engineering & Manufacturing
(New Materials, Electronics, Robotics, Cleantech, Agrotech, SeaTech) are
favored. The selected projects will benefit from investment ranging
from 300 thousand to 1 million euros.
 

METRO Accelerator for Hospitality powered by Techstars

Launch
of an international acceleration program with Techstars focused on the
use of technology in the hospitality industry (accommodation &
catering). METRO Accelerator is an intensive program that involves
consulting, joint learning, product testing and mentoring for business
development and attracting more investment. It allows participating
startups access to more than 500 restaurants and hotels to test and
validate their products or services and the international investor
network of Techstars.
 

Company Space for startups

Creation
of a point of service for foreign entrepreneurs with bilingual service
(Portuguese and English), ensuring a simple and fast process of company
creation. This space acts as a centralized information point on all
types of support for the entrepreneurship ecosystem.
 

Tech Visa

Creation
of a visa for technological and innovative companies, aimed at the
global market, wishing to attract highly qualified staff from countries
not included in the Schengen area. The analysis of the eligibility and
merit of the candidate companies is the responsibility of IAPMEI. Tech
Visa invites the interview candidates at the Portuguese Embassies /
Consulates in the respective country of origin to obtain the residence
visa.
 

Hackathons in Trade and Tourism

Realization of
hackathons to accelerate the digital transformation in the sectors of
Commerce and Tourism, calling Portuguese and foreign startups to solve
technological challenges identified in these sectors and increasing the
visibility and recognition of startups.
 

Center for Innovation in Tourism

Creation
of a center to stimulate innovation in tourism, involving the various
national and international stakeholders in the sector. Its mission will
be to support the development of new business ideas, the experimentation
of projects and the capacity building of companies in the field of
innovation and the digital economy. Within the Innovation Center will be
the Digital Tourism Academy – a business training program for digital –
and an incubator specialized in the development of innovative solutions
for the Tourism sector.
 

Think tank for the Digital Single Market in Europe and easier scaling from Portugal

Create
a think tank to analise and design measures for startups to scale
inside Europe, significantly speed up and support the establishment of a
Digital Single Market (DSM), and manifest the leadership position of
Portugal in the policy of innovation that fosters digital
Entrepreneurship and Policy in Europe. Startup Portugal will be in
charge to moderate and initiate conversations with key stakeholders in
Brussels, European Member States and Startup Associations across Europe
to identify and suggest measures to reduce the burden for startups to
internationalise across borders in Europe, to modernise the established
industry (Industry 4.0) and help harvest the European market of over 500
million people more successfully.

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