Startup Portugal has made significant strides in 2024 by supporting 120 startups at various international events. This initiative has not only provided exposure but also facilitated substantial investments and employment opportunities.
Key Stats
- 120 startups supported: Startup Portugal aided 120 startups in 2024.
- 50 startups raised €100 million: Through the Business Abroad program, 50 startups secured €100 million in investments.
- Employment boost: These startups employ over 600 workers.
- Global presence: Events spanned across Spain, France, Brazil, Canada, and more.
Business Abroad Program
The Business Abroad program has been a cornerstone of Startup Portugal’s efforts. This year, it facilitated the participation of 50 startups in seven major international conferences. These events included:
- 4YFN (Mobile World Congress) in Barcelona
- Web Summit Qatar in Qatar
- Web Summit Rio in Rio de Janeiro
- Viva Tech in Paris
- South Summit in Madrid
- Collision in Toronto
- Startup Summit in Florianópolis, Brazil
These conferences provided a platform for startups to showcase their innovations and connect with potential investors and partners.
Achievements and Impact
The impact of Startup Portugal’s initiatives is evident in the impressive achievements of the supported startups. The 50 startups under the Business Abroad program collectively raised over €100 million in investments and employ more than 600 individuals. On average, each startup has 12 employees and has raised around €2 million since its inception.
Final Event: Startup Summit in Brazil
The final event of the year, the Startup Summit in Florianópolis, Brazil, saw the participation of ten Portuguese startups. These startups operate in diverse fields such as Artificial Intelligence, digital health, sports, and sustainability. The participating startups included:
- Deeploy.me
- Doctor Vida
- Enline
- Follow up Global
- Greenmetrics.ai
- Hoopers
- Infinite Foundry
- Mycareforce
- Useflow
- Star Mountain
This event marked the culmination of the 2024 Business Abroad program and provided an excellent opportunity for these startups to establish strategic partnerships in the South American market.
Collaborative Efforts and Future Prospects
The success of these initiatives is a result of collaborative efforts. Organizations like AICEP, Turismo de Portugal, Core Angels Atlantic, and Atlantic Hub played crucial roles. These entities, along with Startup Portugal, shared a stand at the Startup Summit, hosting debates and networking sessions.
Looking ahead, the continued support and international exposure provided by Startup Portugal are expected to drive further growth and success for Portuguese startups, fostering a robust entrepreneurial ecosystem.