Grants & Funding "Portugal"
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Grants & Funding
Portugal offers a variety of government funding programs for businesses, with a focus on supporting innovation, R&D, and growth both locally and internationally. Below is an in-depth overview of the main funding programs,
StartUP Portugal
As part of the National Strategy for Entrepreneurship, the XVI Constitutional Government of the Portuguese Republic initiated the StartUp Portugal programme. This programme is organized around three main areas: ecosystem, financing, and internationalization, and it includes 15 measures designed to support entrepreneurship. The aim is to foster an entrepreneurial spirit and provide assistance to entrepreneurs and businesses, enhancing their sustainability and ability to create jobs. Below are 9 measures that specifically focus on improving access to capital.
a) National Incubator Network
Here’s a detailed overview of the funding instruments related to the National Incubator Network in Portugal:
1. Purpose
- Identify and Map Incubators: Catalog existing incubators and accelerators in Portugal created by various entities (universities, municipalities, private companies).
- Interconnect Resources: Foster cooperation among incubators to share physical resources and expertise.
- Gap Analysis: Identify and address gaps in support at regional and sectoral levels.
- Enhance Competitiveness: Improve the competitiveness of Portuguese incubators both nationally and internationally.
- Professionalization of Services: Promote the training of incubator managers and the enhancement of services offered to entrepreneurs talk to Susan…
2. Eligibility Criteria
- Type of Entity: Must be an incubator or accelerator established by universities, scientific centers, municipalities, private companies, or foreign entities.
- Operational Status: Incubators must be actively providing support to entrepreneurs and startups.
- Regional Focus: Programs may target specific regional needs and sectors, encouraging a diverse range of startups talk to Susan…
3. Funding Amount
- Varies by Program: The specific funding amount can depend on the program or initiative associated with the incubator.
- Typical Ranges: Generally, funding can range from small grants for specific projects to larger amounts aimed at comprehensive support for incubators and their startups talk to Susan…
4. De Minimis
- De Minimis Aid: Many funding instruments in Portugal operate under the de minimis rule, which allows small amounts of aid to be granted without the need for prior notification to the European Commission.
- Application: Funding provided under the de minimis regulation typically does not exceed €200,000 over three fiscal years for a single entity talk to Susan…
5. Application Website
- Official Portals: Information about specific funding programs and application procedures can usually be found on:
- IAPMEI (Agency for Competitiveness and Innovation)
- Portugal 2020 (National funding and support program)
- CRESC Algarve 2020 (for regional initiatives)
b) StartUp Portugal – Incubator Voucher
Here’s a detailed overview of the funding instruments related to supporting the integration of entrepreneurs and startups in the ecosystem through the hiring of professional services provided by incubators
1. Purpose
- Business Development Support: To enhance the growth and integration of entrepreneurs and startups into the business ecosystem.
- Professional Services: Funding is aimed at covering the costs associated with hiring professional services such as:
- Management and operational support
- Marketing and communication strategies
- Legal advisory services
- Digitization processes
- Protection of intellectual property
- Assistance in applying for entrepreneurship and innovation contests talk to Susan…
2. Eligibility Criteria
- Target Beneficiaries:
- Startups and entrepreneurs seeking to develop their business.
- Incubators providing support services.
- Business Stage: Typically open to early-stage startups and entrepreneurs in the initial phases of business development.
- Geographical Focus: Programs may have a regional focus, targeting specific areas within Portugal talk to Susan…
3. Funding Amount
- Variable Funding: The amount of funding can vary based on the specific program and the services required.
- Typical Ranges:
- Grants may range from a few thousand euros to larger sums, depending on the complexity and scope of the services requested talk to Susan…
4. De Minimis
- De Minimis Aid: This funding may fall under the de minimis rule, allowing small amounts of aid without prior notification to the European Commission.
- Limits: The total aid received under this regulation should not exceed €200,000 over three fiscal years for a single entity talk to Susan…
5. Application Website
- Key Resources: Information about the specific funding programs can generally be found on:
- IAPMEI (Agency for Competitiveness and Innovation)
- Portugal 2020 (National funding and support program)
- Startup Portugal (for initiatives aimed at supporting startups)
C) Semente Programme
Here’s a detailed overview of the funding instruments related to supporting individual investors interested in investing in the social capital of innovative startups in Portugal:
1. Purpose
- Encourage Investment: To promote individual investment in innovative startups, facilitating their entry into the social capital of these businesses.
- Favorable Tax Regime: To provide a more advantageous tax framework for individual investors, making investments in startups more attractive.
- Support Entrepreneurship: To foster the creation and growth of entrepreneurial and innovative projects in the startup ecosystem talk to Susan…
2. Eligibility Criteria
INVESTOR:
- Individual investors looking to invest in innovative startups.
- Must meet specific conditions set by the funding program, which may include residency or income thresholds.
STARTUPS:
- Startups must be recognized as innovative and typically meet certain criteria related to technology, research, or development.
- May need to be registered and operating within Portugal talk to Susan…
3. Funding Amount
- Variable Amounts: The funding amount from individual investors can vary widely depending on their financial capacity and willingness to invest.
- Tax Incentives: Specific tax deductions or credits may be available to investors, which can effectively enhance the financial benefit of their investment talk to Susan…
4. De Minimis
- De Minimis Aid: Investments may be considered under the de minimis regulation, allowing for small amounts of financial aid without the need for prior notification to the European Commission.
- Limits: The total aid received by a single entity under the de minimis regulation should not exceed €200,000 over a three-year period talk to Susan…
5. Application Website
- Key Resources: Information about the specific funding programs and tax incentives for individual investors can typically be found on:
- IAPMEI (Agency for Competitiveness and Innovation)
- Startup Portugal (for initiatives focused on supporting startups)
- Finanças (Tax Authority) (for details on tax incentives and regulations)