Revenue growth from 2020-2023, outperforming the broader business sector's 14% growth rate
👥
19% CAGR
Employment growth from 2020-2023, compared to 4% national average
R&D & Innovation
Technology Focus
🔬
19% Growth
Increase in R&D investment compared to previous year
💡
84%
Startups classified as high-tech, knowledge-intensive service companies
Export Performance
International Reach
🌍
58%
Revenue from exports, compared to 20% national average
🚀
37% Higher
Average salary compared to national average
Frequently Asked Questions
Everything you need to know about Portugal's thriving startup ecosystem
The ecosystem has shown remarkable growth, with startups achieving a 30% CAGR in turnover and 19% CAGR in employment between 2020-2023. The number of startups increased by 16% in 2024, reaching 4,719 active companies.
The ICT sector dominates with 63% of all startups, accounting for 61% of total startup turnover. 84% of startups are classified as high-tech, knowledge-intensive service companies.
Startup salaries are highly competitive, averaging 37% higher than the national average. This reflects the sector's focus on high-skilled talent and innovation-driven growth.
One-third of startups are active in international markets, with exports representing 58% of their revenue, significantly higher than the national average of 20%. Total exports reached €1.5 billion in 2024.
R&D investment increased by 19% compared to the previous year, demonstrating the sector's strong commitment to innovation and technological advancement.
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