Module 5: Entrepreneurial training

Lesson Title

Startup Funding and Support

 

Introduction

Definition 

Startup means the act of starting something, usually related to companies and companies that are in the beginning of their activities and that seek to explore innovative activities in the market.


Startup companies are young and seek innovation in any area or branch of activity, seeking to develop a scalable and repeatable business model.
A business model is how the company generates value to customers. A scalable and repeatable model means that with the same economic model, the company will reach a large number of customers and generate profits in a short time, without a significant increase in costs.


The term startup, to designate newly created and profitable companies, began to be popularized in the 1990s, when there was the first big "internet bubble". Many entrepreneurs with innovative and promising ideas, mostly associated with technology, found funding for their projects that proved extremely profitable and sustainable.


At that time, much of the explosion of startup companies emerged in Silicon Valley (Silicon Valley), a region of California, United States, where companies such as Google, Apple Inc., Facebook, Yahoo !, Microsoft and others left.
All these companies are examples of startup that today are strongly solidified and are leaders in their sectors of market action.


However, entrepreneurs should keep in mind that the initial phase of a startup is always marked by a scenario of uncertainties. Some seemingly profitable ideas may prove to be inapplicable.

 

Lesson time foreseen

1 Lesson

 

Lesson Content

About Startups in Portugal
Portugal is a country rich in talent and diversity. The investments made over the last decade in qualification of human resources, in infrastructures and in technology offer opportunities today infinite for those who intend to launch or invest in new business. Portugal has one of the most Europe's vibrant eco-systems of entrepreneurship, is the ideal destination to create, test, fail, and try again.
(E.g.:  After English incubators Second Home and Impact Hub announced that they are opening new spaces in Lisbon this summer, last week Factory, the largest incubator in Berlin, announced that it is looking for a space of at least 2,500m2 in Lisbon).
 
Support for startups is a priority of the Government.
Its objectives are:
- Create an entrepreneurship ecosystem at the national level;
- Attract domestic and foreign investors to invest in startups;
-Co-financing startups, especially in the idea phase;
-Promote and accelerate the growth of startups in foreign markets;
- Implement government measures to support entrepreneurship.
 
15 Measures to support entrepreneurship 
 
1. Launch the Calls Startup Portugal.
2. Launch the Startup Voucher.
3. Create the Incubation and Acceleration Vouchers.
4. Launch the Momentum Program.
5. Launch co-financing lines with Business Angels.
6. Launch co-financing lines with Risk Capitals.
7. Regulate new forms of financing: equity crowdfunding and peer-to-peer.
8. Launch the Seed Program.
9. Launching the National Network of Incubators.
10. Launch the FabLabs National Network.
11. Create a Portuguese Accelerator of reference in Europe.
12. To promote Portuguese startups in the biggest technological events in the world, under the auspices of Startup Portugal.
13. Leverage Portuguese participation in the Web Summit.
14. Create the Technology Free Zone (Portugal).
15. Guide the Simplex also to the startups.
 
 

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