Trending Cascais, Lisbon, Portugal Startups

cascais a municipality of portugal located in the greater lisbon area has quickly become a hotspot for entrepreneurs looking for the optimal location for their startups it is just a short commute from central lisbon and is only a few miles from the stunning beaches the country is famous for it is also within the moderately sized population of over 214000 people with an average annual household income of between 11800 29700 unemployment rate hovering around 87 and a city level gross domestic product of 14 billion providing both a well educated workforce and abundant capital in recent years cascais has seen a tremendous growth in startups with new companies emerging every year many of them stemming from the continuously innovating local technological sector with an exploding new business sector the municipality has become a home to many of these companies both headquarters and smaller branches contributing to the local economy notable startups that have launched in cascais include sumup and citizenlab both of which have become internationally known for the technology and services they provide these already established businesses combined with the presence of two universities and strong local government support for small businesses have set up cascais perfectly to become one of the leading startup regions in portugal by providing an ideal environment with highlyeducated locals strong government support and abundant capital cascais is on its way to becoming one of the most supportive cities for entrepreneurs in the entire country with such a low unemployment rate and such high rates of innovation it is clear that the startup scene of cascais is set to be a major force in the innovation and technology sector for years to come