2020-05-20

The Portuguese Government has just launched a set of support and measures to support startups affected by the current pandemic, totaling 25 million euros:

• Financial support through a minimum wage per employee (up to a maximum of ten employees per startup);
• Postponement, for three months, of the benefit obtained through the Startup Voucher;
• Vale Incubação, which provides support for startups with less than five years, through the contracting of incubation services;
• New investment instrument from Portugal Ventures;
• A financing system that provides for the provision of loans convertible into share capital, after 12 months.

Launch of Covid-19 -PV instrument

Launch of Portugal Ventures Call for investments in startups, with tickets starting at € 50K.

Initiative financed through the Financial Development Institution (IFD), Portugal Ventures, and Imprensa Nacional-Casa da Moeda.

This measure facilitates the reinforcement of startups liquidity (bridge financing) in syndication with existing shareholders (at least 30%), in the current context of a strong slowdown in the prospecting of investment in new companies by investors.

Complementarity with 54 Business Angels, 15 Venture Capital Funds and 200M Fund (tickets starting at € 500K) financed through IFD.

Measures in place and adapted to startups

200M Fund

The 200M Fund makes it possible to provide start-ups and technological scaleups with much greater investment capacity in the so-called late seed and Series A and B phases.
In practice, it does the matching / co-investment with qualified private investors allowing rounds of 10M or more, between private and 200M.

It allows a significant capitalization of companies to support in the current phase of great uncertainty and then boost their post-Covid growth.

Co-investment fund for social innovation

The Fund for Social Innovation provides startups with social impact with much greater investment capacity in the so-called seed phases up to Series A, through matching between private operators and FIS.

It allows a significant capitalization of companies with a strong social impact to support in the current phase of great uncertainty and then boost their post-Covid growth.

The summary document of the new measures can be consulted at: https://bit.ly/2XVwX6d . < / p>

New and exclusive measures for startups

Startup RH Covid19

The Startup RH Covid19 aims to promote financial support to startups through an incentive equivalent to a minimum wage per employee (up to a maximum of 10 employees), as a way to fill the lack of immediate liquidity on the part of startups, mainly with regard to its ability to respond to operational expenses with Human Resources arising from lack of activity.

This initiative aims to reduce the mortality of startups, which are so vulnerable to risk, especially those that have innovative business models at their origin. At the social level, this initiative also aims to maintain jobs.

Startup Voucher Extension

Extension of the validity period of the Startup Vouchers awarded until today, for the period of 3 months, equivalent to the perspective of the duration of the pandemic, as a way to fill the lack of immediate liquidity on the part of startups, mainly with regard to their ability to respond to operating expenses arising from lack of activity and fulfillment of long-term responsibilities, such as human resource costs.

This initiative aims to reduce the mortality of startups, which are so vulnerable to risk, especially those that have innovative business models at their origin. At the social level, this initiative also aims to maintain jobs.