Portugal seeks Brazilian tech startups

Acceleration program will reward technology-based ideas with up to $27,000


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.

Now 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 betting tool BetApp and 3D printing platform 3D Spot. In 2014, the initiative has expanded its remit to encompass new businesses from Brazil as well as China.

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Startups with ideas focused on the areas of technology, smart cities, communities, productivity, energy, mobility, innovation, sustainability and cleantech 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, 15 teams will then be picked by the Portuguese organizers.

The 15 winning teams will then be invited out to Lisbon to take part in acceleration bootcamps led by Portuguese incubator Fábrica de Startups. All travel expenses will be covered by the program.

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).

Interested teams worldwide can already apply for the program, which has different deadlines for submissions for different countries. See further information about the program on the Energia de Portugal website.