BizSugar.com › Startups › Portugal plans to invest €200 million in startups

During Web Summit 2016 held in Lisbon, António Costa, the Portuguese Prime Minister, revealed the plans to invest into Portugal-based companies.

The government allocated 200 million euros to encourage private investors from all over the world to co-invest into the Portuguese ecosystem. By doing so, the public venture fund aims to support its emerging startup ecosystem and invite more international startup founders and investors to join it.