Startup Portugal has announced an expansion of its Business Abroad initiative, introducing new destinations for Portuguese startups to explore international markets. The program will now include Sweden and Canada, with the potential addition of Singapore, depending on startup participation in the upcoming Switch fair. This initiative aims to enhance the global presence of Portuguese startups and provide them with opportunities to showcase their innovative solutions on international stages.
Overview Of The Business Abroad Initiative
The Business Abroad initiative has been a cornerstone for promoting the internationalization of Portuguese startups. With the addition of two new destinations, the program will now feature a total of eight international events in 2025. This expansion reflects the growing recognition of Portugal as a hub for entrepreneurship and innovation.
New Events and Destinations
The following events are confirmed for 2025:
- Techarena (Sweden): February 20-21
- Web Summit Qatar: February 23-26
- 4YFN (Spain): March 3-6
- Web Summit Rio (Brazil): April 27-30
- Web Summit Vancouver (Canada): May 27-30
- South Summit (Spain): June 4-6
- VivaTech (France): June 11-14
- Startup Summit (Brazil): August 27-29
- Switch (Singapore): October 29-31 (pending startup registrations)
Application Process
Startups interested in participating in the first three events must submit their applications by December 27, 2024. The remaining events will have a deadline of March 2, 2025. This structured timeline allows startups to plan their international engagements effectively.
Support for Participating Startups
The Business Abroad initiative offers a range of support services for selected startups, including:
- Access to exhibition areas at conferences.
- Networking events with investors and key players in local ecosystems.
- Consulting services from AICEP teams in the destination countries.
- Pitch sessions to showcase their products and solutions.
It is important to note that travel, accommodation, meals, and local transportation costs are not covered by the initiative.
Conclusion
The expansion of the Business Abroad initiative by Startup Portugal marks a significant step in fostering the international growth of Portuguese startups. By providing access to key global events and support services, the program aims to enhance the visibility and competitiveness of Portuguese innovation on the world stage. As the startup ecosystem continues to thrive, initiatives like these are crucial for sustaining growth and encouraging entrepreneurial spirit in Portugal.
