Portugal surrounded by the atlantic ocean and the tagus river its mediterranean climate rich history and diverse culture have attracted many entrepreneurs investors and tourists to the city lisboa metropolitan area has over 28 million inhabitants the city is home to many startups ranging from fintech tourism and ecommerce to green technology artificial intelligence and biotechnology some of the successful startups in the area include uniplaces talkdesk and codacy lisboa has a rich history of entrepreneurship with many prominent portuguese companies like jernimo martins and sonae originating from the city the city has also been known for its vibrant culture and creativity which has led to many cultural and artistic startups emerging in the area lisboa has many prestigious universities including the university of lisbon the new university of lisbon and the technical university of lisbon these universities have produced many successful entrepreneurs and startups in the area the city has a high living wage with the minimum wage currently set at 775 per month and an unemployment rate of around 65 the citys gdp is estimated to be around 100 million and it has a growing rate of new companies starting and ending the citys government has invested heavily in promoting entrepreneurship offering grants incentives and coworking spaces to startups lisboas startup scene is thriving due to its favorable business environment a growing pool of talent government support and access to capital the city has become an attractive location for startups looking to expand into the european market with its favorable tax laws and strategic location the citys innovative and creative culture has also played a significant role in driving the growth of the startup ecosystem with its thriving startup scene lisboa is poised to continue to attract more entrepreneurs investors and startups to the city in the years to come
PrizesHuge thanks toHubSpot for sponsoring this Award!