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The Portuguese authorities are stepping up support for startups in the field of technology, science and engineering. The launch of the new Deep2Start program, which will begin its work in the first quarter of 2025, was announced in November. For these purposes, 60.6 million € of public financing has been allocated, with the possibility of attracting total investments in the amount of 110.6 million € . The initiative was adopted as a follow-up to the measures announced in the government's project "Accelerating the Economy".
The main initiatives of Deep2Start
Creation of a Deep Tech Foundation
The government will allocate 50 million € of public capital and hopes to attract another 50 million € of private investment. For implementation, it is planned to cooperate with the Portuguese bank Fomento, Portugal Ventures and the European Investment Fund.
Additional financing for startups
The program will allocate 10,6 million € through the joint efforts of ANI (National Innovation Agency), Portugal Ventures and Startup Portugal. These funds will be directed to new funds aimed at transferring and increasing the value of technological and scientific knowledge from the academic environment, as well as supporting startups in the early stages of financing.
Statistical data and trends
The deep tech sector is showing steady growth in Europe, with investment increasing by 22 % in 2022. In addition, more than 25 % of innovative startups launched in Europe over the past five years work in the field of artificial intelligence, robotics and biotech. This highlights the importance of innovation for the global competitiveness of the Portuguese economy.
Causes and forecasts
Investments are driven by the need for structural changes in the economy, the desire to become one of the technology leaders and create favorable conditions for innovative business. Given that countries such as Germany and France are already actively stimulating the development of deep tech through large funds and programs, Portugal is striving to keep up in this race.
Comparison with the past and expectations
Such initiatives are not new to Portugal. In 2018, the government has already launched a number of incentive programs, such as Startup Portugal+, which laid the foundation for the current ecosystem for startups. However, Deep2Start differs from previous projects by focusing more on strategic areas: high-tech innovation and sustainability.
Deep2Start is not only another step in strengthening Portugal's position in the field of high technology, but also shows an example of integrating public and private support for aspiring businessmen. Such changes confirm the country's focus on sustainable development and long-term leadership in high-tech sectors.
All these efforts make Portugal attractive not only for startups, but also for professionals working remotely. For such specialists, there is a special program for digital nomads in the country, which allows you to legally live and work remotely for 2 years. We examined all the conditions in detail and provided an opportunity to consult with experts.
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