Portugal has one of the most vibrant entrepreneurial ecosystems in Europe. The innovation landscape is highly dynamic, with many innovative companies across various sectors.
The start-up ecosystem in Portugal has grown remarkably in recent years, driven by a combination of qualified talent, government incentives, and an environment favourable to innovation. Cities such as Lisbon, Porto, and Braga have become technological hubs, drawing both national and international entrepreneurs. The presence of prestigious universities and leading research centres has fostered the creation of technology and science-based start-ups, strengthening sectors such as artificial intelligence, biotechnology, fintech, and renewable energies.
Portugal is home to several unicorns and numerous emerging startups and scaleups. As of 2024, there are over 4,700 active startups in the country, employing 26,000 people.
Institutional support has been crucial to the success of the ecosystem. Organisations such as Startup Portugal, Portugal Ventures, and AICEP – Portuguese Trade & Investment Agency offer funding, mentoring, and access to international networks. In addition, tax benefits and visas for foreign entrepreneurs have positioned the country as an appealing destination for global talent. AICEP, together with other entities, plays a pivotal role in supporting startups' international expansion, helping them scale into foreign markets and secure investment.
Another key factor is the growing presence of investors and accelerators betting on the Portuguese market. Venture capital funds have supported startups at different stages of development, while numerous accelerators offer strategic guidance and networking opportunities. The ecosystem has generated notable successes, with unicorns such as Sword Health, Outsystems, and Feedzai demonstrating the country's ability to produce globally competitive companies.
Events such as Web Summit Lisbon have consolidated Portugal as a meeting point for innovation and entrepreneurship. This annual conference in the Portuguese capital attracts thousands of investors, startups, and industry leaders, fostering partnerships and boosting the sector.
With a supportive environment for growth, strong institutional backing, and a vibrant community of entrepreneurs, the Portuguese start-up ecosystem is well placed to continue its upward trajectory in the coming years.
