Startupt.co

The media about startups in Portugal

Today is April 11, 2024. You're reading Thursday edition of Startupt

Hello! My name is Sergei (my LinkedIn), I live in Lisbon and I'm the founder of Startupt.co. With over 20 years of experience in the news media industry, I aim to leverage this knowledge to establish Startupt.co as a premier news outlet about startups in Portugal. Today marks a significant milestone for me as we release the first edition of our newsletter focused on Portugal's startup ecosystem. In summary, we will publish a weekly newsletter highlighting the most significant, intriguing, and exciting news from the industry here.

There are two editions of Startupt: Monday's edition will spotlight a specific startup, offering an in-depth look (next Monday, for example, we will discuss my friend Tony Oreglia’s startup, Jumble – stay tuned!); Thursday's edition will recap the past week's news. Thus today’s issue includes extensive coverage of Portuguese startups, VCs, incubators, and other startup-related news in Portugal. We also select and recommend events, focusing only on the most impactful and beneficial ones. Additionally, we'll share tools essential for running a startup. We hope you find each issue filled with valuable insights.

Before we dive into the news, two more things: First, we encourage you to share your news with us through the following forms: news about funding, general startup updates, and news from venture capitalists and incubators. Second, we need your support. If you appreciate our newsletter and our mission to create a dedicated news platform for the startup ecosystem in Portugal, please share our site — startupt.co — with your friends and colleagues. We believe in creating a media platform that is closely connected with its audience and aim to build just that here. With that said, I hope you enjoy the content. See you on Monday, and thank you for subscribing.

Have some news? Share with us (it's free!).
Use this forms: if you are startup, if you raised, if your are VC, incubator.

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This sign 🇵🇹 near the source name bellow means that this content is in Portuguese.

💰 Raised

Short list of startups who raised money this week. If you do — tell us about it and get here.


🙋 News from startups

◉ Spot: "We built a database with more than 150 thousand creators in Portugal"

Spot offers the only solution on the market using Artificial Intelligence, promises to find content creators while making a coffee, manage a campaign while scrolling on Instagram and run it while you sleep.

Source: PME Magazine (🇵🇹)

◉ Katchit joins Startup Madeira

Startup that develops a mobile game that combines digital and physical, and whose founder is Pedro Carneiro, is the newest startup to join Startup Madeira.

Source: Pedro Carneiro (LinkedIn)

◉ Raiz debuts first harvest with innovative vertical farming technology

Raiz has successfully transitioned to a new location and is set to showcase its first harvest cultivated using cutting-edge vertical farming technologies. This milestone highlights Raiz's commitment to smart farming, promising cost-efficient food production, year-round harvesting, and minimal maintenance.

Source: Raiz

If you have some news about your startup — tell us about it and you'll be there.


🚀 News from VCs, incubators and accelerators

◉ EIT Digital Venture Incubation has open registration until April 28th

This is the sixth edition of the program, which has already supported 34 projects in Portugal, of which 20 (59%) were successfully incorporated and remain active. Startups and teams with at least two individuals can compete for the mentoring, training and monetary prizes program of up to €30k, which, in Portugal, is promoted by BGI Sustainable Ventures.

Source: Business.IT (🇵🇹)

◉ Portugal Ventures concludes the first quarter by securing five new investments totaling €5.3m

Portugal Ventures, a venture capital company from Grupo Banco Português de Fomento (BPF), closed the 1st quarter with investment in five startups in the tourism sector – Batardas Circular Unity, Neptune, Yon Living and Your Tours – for a total of €5.3m.

Source: Publituris (🇵🇹)

◉ NERSANT places more than €1.5m of business investment in the Santarém region

Business Association of the Santarém Region supported the preparation and submission of applications from the Santarém region to the Empreende XXI program, which supports up to €200k euros and with a financing rate of 85% new business projects, including companies created less 6 months. Of the applications made through the association, 24 business projects have been approved so far, representing more than 1 and a half million euros of investment for the region.

Source: Mais Rebatejo (🇵🇹)

◉ 351 Portuguese Startup Association offers a new approach to match startups and experts

The Association to launch updated membership program and matchmaking tool. And now you can take part in a survey.

Source: 351 Portuguese Startup Association

◉ Unicorn Factory and Startup Lisboa invite startups to apply the Cohort 5

Unicorn Factory and Startup Lisboa are calling for startups to join the fifth cohort of their esteemed program. This is a unique opportunity for emerging businesses to accelerate their growth and gain invaluable support and exposure in the competitive startup ecosystem.

Source: Startup Lisboa

◉ Startup Leiria anounced speakers for TalentUp

On April 13, Thomas Stark from Stark & Partners, Bruno Pereira of Wiseboost, and João Mota with Void Software will serve as speakers at the TalentUp! event.

Source: Startup Leiria

If your incubator or accelerator have some news — tell us about it and get here.


🏢 General startup related news

◉ Startups in Portugal might face a tougher investment landscape

In a striking reveal at the Web Summit in November 2023, António Dias Martins, Executive Director of Startup Portugal, underscored a challenging year for the nation's startups, with venture capital investment plummeting by 50% from 2022. This drop mirrors a global downturn, with Portugal grappling with stiff competition from Spain, France, and the UK for investment and talent. PitchBook data further illuminates this trend, showing a global venture capital investment decline to €70.09 billion, the lowest since 2017.

Source: Essential Business (🇵🇹)

◉ Government unveils major tax cuts for SMEs and boosts for startups

The government proposes significant tax reductions for small and medium-sized enterprises (SMEs), including the elimination of the Special Payment on Account, and aims to enhance the ability to deduct corporate income tax on profits for businesses investing in the economy. Additionally, it plans to introduce a favorable tax regime for startups and for employee stock option plans, aiming to increase the 'patent box' tax benefit for innovation to 85%.

Source: Noticias Ao Minuto (🇵🇹)

◉ Forbes released new list "30 under 30"

Pedro Braz, Pedro Gomes, and Martim Perestrelo are the three Portuguese featured in this year's edition of the North American magazine Forbes' "30 under 30." National entrepreneurs were selected in the Finance and Industry categories.

Source: Forbes

◉ Government wants to create digital innovation fund and national digital strategy

As for the fund, whose financial allocation is still unknown, it aims to “support research, development and adoption of emerging technologies by Portuguese companies, through the provision of financial and technical assistance and facilitating access to markets and networks”.

Source: Sapo (🇵🇹)

◉ Porto to host prestigious Techstars Community Leader Academy in May

This distinguished program is designed to educate 40 specially chosen community leaders on the Techstars methodology for fostering startup communities. Supported by the Porto City Council, Turismo de Portugal, and Startup Portugal, this complimentary initiative is a remarkable chance for local leaders to master a globally recognized approach.

Source: Porto.pt

◉ The Startup Capital Summit 2024 is scheduled to take place on May 10th

This free event, now in its third edition, expects about 1,100 participants and aims to bring to the public agenda discussions on topics such as venture capital, innovation, entrepreneurship, and technology transfer.

Source: HR Portugal (🇵🇹)


⏩ What else? In brief

🎪 Where to go next week

Validate Your Startup Idea Workshop

📆 Date: April 17
📍 Venue: Hood (Rua 3 da Matinha, Lisboa)
💁 Host: Build Up Labs

Pitch Day Lisbon Founders

📆 Date: April 16
📍 Venue: Build Up Labs (Rua 3 da Matinha, Lisboa)
💁 Host: Lisbon Founders

SIM CIRCUIT

📆 Date: April 17
📍 Venue: Brigantia Ecopark (Av. Cidade de León 506 5300-358 Bragança)
💁 Host: Startup Portugal

PRÉ- WebSummit Rio 2024 meetup

📆 Date: April 11
📍 Venue: Fintech House (12 Avenida Duque de Loulé 1050-093 Lisboa)
💁 Host: SITIO

Women in Tech Lisbon

📆 Date: April 18
📍 Venue: Salsify (Av. da Liberdade 225 2 piso 1250-142 Lisbon)
💁 Host: OutGeekWomen - Badass Pros


🛠️ Useful Tools For Startups

Let us know what tools help you run your startup: hi@startupt.co.

That's all for today! See you next week. And don't forget to check your email on Monday — you'll find "7 questions for 1 startup".

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