Portugal seeks Brazilian tech startups
A program led by Portuguese newspaper Expresso and electricity operator EDP is seeking to provide business acceleration and funding to technology-based startups from Brazil.
Currently in its third edition, the annual program Energia de Portugal started out as a platform to support only Portuguese ideas, with local success stories such as a betting tool BetApp and 3D printing platform 3D Spot. In 2014, the initiative has expanded its geographical scope to include new businesses from Brazil as well as from China.
Startups with ideas focused on the areas of technology, smart cities, communities, productivity, energy, mobility, innovation, sustainability and clean-tech are the main areas of focus for the initiative.
The first stage of the program will see ideas screened by partner accelerators in São Paulo, Beijing and Lisbon. Out of the startups that attracted initial interest, the Portuguese organizers will then pick 15 teams.
The 15 winning teams will then be invited to Lisbon to take part in acceleration boot-camps led by Portuguese incubator Fábrica de Startups. The program will cover all travel expenses.
Following the month-long acceleration program, the companies will then take part in a global pitch event with investors — and if successful, secure early-stage funding of up to €20,000 ($26,644).