Agência para o Investimento e Comércio Externo de Portugal


Startup Portugal, a state-funded non-profit organisation aimed at fostering entrepreneurship, is to support 115 local startups taking part in this year’s Web Summit, which takes place in Lisbon between 13 and 16 November, with the companies concerned having been in existence for an average of two years and absorbing €13 million in investment, it said on Thursday.

These startups represent “a wide range of sectors, including technology, health, education, finance and sustainability,” it added. “The 115 start-ups included in the Road 2 Web Summit programme have been in existence for an average of two years and it is estimated that they have already raised a total investment of 13 million euros.”


According to the news release, the companies also stand out for having “average salaries that exceed the national average by 30 per cent” as well as for the high level of qualifications of their employees, their use of Artificial Intelligence, their international presence, financial independence, focus on strategic sectors, diversity and social impact.


“The start-ups that receive support from the Road 2 Web Summit programme play a significant role in fostering growth and innovation in the Portuguese economy, and since the start of our programme we have supported a total of 800 innovative start-ups,” said António Dias Martins, executive director of Startup Portugal, quoted in the same release.


Road 2 Web Summit, the statement explained, is “a strategic collaboration between Startup Portugal and Web Summit, aimed at selecting young start-ups to take part in the technology event.”


Portugal’s president, Marcelo Rebelo de Sousa, held a reception for the 115 startups on Thursday, in a ceremony that as well as Dias Martins included the minister of economy and the sea, António Costa Silva, and Artur Pereira, Web Summit vice-president and country manager Portugal & Brazil, the statement adds.


In Macaubusiness