Startup Portugal has supported 120 companies this year and 50 have managed to raise 100 million€

September 30, 2024

Startup Portugal is a non-profit public benefit organization that aims to promote Portuguese entrepreneurship.

In 2024, Startup Portugal provided support to 120 national startups, including 50 through the Business Abroad program, which raised 100 million € in investment and employ more than 600 workers.

For Startup Portugal, this data shows “the potential of these Portuguese companies that aspire to international expansion”.

In addition to the companies supported under Business Abroad, Startup Portugal supported “over 70 startups at these events, through initiatives to connect with the local economy, promoting contact with other countries.

According to the organization, Business Abroad is a program that “supports the presence of Portuguese startups at major global technology events” for their internationalization.

Since the program began, Business Abroad has supported more than 320 startups at international technology events and in the most relevant markets for this sector.

Based in Porto, Portugal, Oporto Accounting offers comprehensive support for setting up your startup in the country. Our team of accountants and lawyers guides entrepreneurs, investors, and corporations through every step of business formation, helping you choose the best legal structure and providing HR, accounting and grant services.

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