Portugal has one of the most vibrant and rapidly expanding entrepreneurship ecosystems in Europe, characterised by growing dynamism and strong internationalisation.
The startup ecosystem in Portugal has experienced remarkable growth in recent years, driven by a combination of skilled talent, government incentives, and a supportive environment for innovation. Cities such as Lisbon, Porto, and Braga have become technology hubs, attracting both national and international entrepreneurs. The presence of renowned universities and centres of research excellence has fostered the creation of tech- and science-based startups.
In 2025, the country surpassed 5,000 active startups (an increase of around 8% compared to 2024), generating approximately €2.85 billion in turnover and employing around 28,000 people, with average salaries significantly above the national average.
About 75% of startups were founded within the last five years, demonstrating high renewal rates and strong talent attraction.
International activity is also significant: startups account for around 1.5% of national exports, and more than half report substantial international operations. Sectors such as information and communication technologies, artificial intelligence, fintech, biotechnology, and renewable energy continue to drive the ecosystem.
The favourable growth environment results from the combination of skilled talent, government incentives, policies such as the Tech Visa, support programmes, and the strong presence of universities and research centres. Institutions such as Startup Portugal, Portugal Ventures, and AICEP play a crucial role in financing, mentoring, and internationalising startups.
Venture capital investment has also shown signs of recovery, with significant increases in funds raised in 2024, and the country continues to attract global events such as Web Summit, consolidating its position as a competitive innovation hub in Europe.
With a growth-friendly environment, strong institutional support, and a vibrant entrepreneurial community, Portugal’s startup ecosystem is well-positioned to continue its upward trajectory in the coming years.
