The Digital Law Department of Belzuz Abogados S.L.P. – rreviews this month the measures of the new programme start-up Portugal +.
In 2016, the Ministry of Economics launched the National Strategy for Entrepreneurship, called Programme start-up Portugal, in order to create a national entrepreneurship ecosystem, attract national and foreign investment and promote and accelerate the growth of national start-ups in the foreign market. Various entities take part in this programme, such as IAPMEI, AICEP, Turismo de Portugal, several ministries and universities.
On July 9th, the re-launch of the Programme start-up Portugal was presented, with the aim of giving new momentum to national entrepreneurship. Five new measures of the 2016 programme are strengthened and twenty new proposals are forwarded, covering three main axes of action: “+ Ecosystem”, “+ Funding” and “+ Internationalisation”.
Measures of the Programme start-up Portugal +
Re-editions from 2016 | ||
Startup Voucher | Assigning technical and financial tools, including a monthly subsidy of €700 for the project phase. | |
Programme Momentum | Support for finalists and new graduates, beneficiaries of social aid in their higher education, to launch own businesses. | |
Incubation Valley | Support for start-ups with less than a year in hiring the services of certified incubators, up to the amount of €7,500. | |
Missions Abroad | Inclusion of national start-ups in international technology events, including missions promoted by public entities such as AICEP and Turismo de Portugal. | |
Road2WebSummit | Maximising the participation of national start-ups in the biggest technological entrepreneurship event. | |
2018 measures | ||
+ Ecosystem | ||
Start-up Hub | Digital platform for mapping national start-ups and incubators and matchmaking to facilitate the provision of their services in the fields of industry and services. | |
Pitch Voucher | Password to access the digital platform “Start Hub”, in which consolidated companies throw challenges for start-ups to provide services. | |
Training for Entrepreneurs | Training for entrepreneurs and their collaborators with a 90% share of European funds. | |
INOVGOV | Promotion of start-ups with the public sector, facilitating their participation in public procurement and the modernisation of the state. | |
Open Kitchen Labs | Provision of equipment and facilities of tourism schools to carry out tests of products and services in the area of catering. | |
Energy Challenge | Support for technological start-ups to develop innovative projects in the field of energy (such as protection of intellectual property and prototype development) with non-refundable funding per project between €20,000 and €50,000. | |
INOV Trade | Launching competitions to value innovative ideas and projects in the area of trade. | |
+ Funding | ||
International co-investment funds | Mechanism for co-investment in start-ups through domiciliation of venture capital funds in Portugal together with public contribution. | |
ADNStart-up Line | Creation of a credit line in the maximum amount of €50,000 for start-ups and micro-companies under 4 years and a minimum of 15% of own capital, for operations up to 8 years, with a grace period on capital of up to 24 months. | |
KEEP – Key Employee Engagement Program | Tax incentive programme for technological companies aged less than 6 years, to retain highly skilled staff, through income tax exemption for workers that own shares in the respective capital, received through salary bonus or purchase. | |
Impetus / Co-funding with incubators / accelerators | Support for acceleration programs and co-funding lines. | |
Capital + Acceleration | Funding line for capital investment operations with the possibility of reversal in medium and long-term loans, in a fixed repayment scheme. | |
Funding Technological Projects in Tourism | Support to the development of technological projects in tourism, including projects in virtual reality, augmented reality and artificial intelligence. | |
CALL MVP – Minimum Viable Products | Access to venture capital investment, between €300,000 and €1 million, to create “Minimum Viable Products” (the simplest version of a product that can be launched) in the areas of Digital and Engineering & Manufacturing. | |
+ Internationalisation | ||
Metro Accelerator for Hospitality Powered by Techstarts | Intensive consultancy programme, joint learning, product testing and mentoring for business development and attraction of investment in the areas of housing and catering, allowing access to services and products of start-ups to more than 500 restaurants and hotels, representing funding of €500,000. | |
Company Space for Start-ups | Creation of bilingual assistance points (Portuguese and English) and centralized and integrated information for foreign entrepreneurs that wish to settle in Portugal. | |
TECH VISA | Streamlining the allocation of residence visas to highly qualified nationals of countries not included in the Schengen area. | |
Digital Hackathons | Digital marathons in which start-ups must solve technological challenges in trade, tourism and industry sectors. | |
Centre for Tourism Innovation | Creation of a tourism innovation centre, associated with digital tourism academy (corporate training programme for digital) and an incubator dedicated to the sector. | |
Think Tank to support the digital single market | Creating a think tank (ideas laboratory) to, in partnership with the main European start-up associations, design and review measures to accelerate the creation of the digital single market. |
Belzuz Abogados S.L.P. – affiliate in Portugal is proud to take part in this effort to promote entrepreneurship, in the legal consultancy that it also provides to start-ups, in particular in matters of digital law and protection and data..
Departamento Direito Digital (TIC) | Portugal
Belzuz Advogados SLP
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