Coronavirus: Startups relief measures

On 21 April, the Ministry of Economy and Digital Transition announced a set of relief measures specifically addressed to Portugal’s more than 2500 startups, to mitigate the impact of Covid-19 on the national entrepreneurial ecosystem.

The package of relief measures, with a total of amount of €25 million, includes five new measures and two pre-existing measures (relaunched and adapted to the current situation). It is estimated that, on average, each startup could potentially benefit from support in the amount of €10,000.

On the same date, Council of Ministers Resolution 29/2020 was published to set out the general principles for the creation and regulation of Technology Free Zones. These principles make it possible to establish a legislative framework that promotes and facilitates the activities of research, demonstration and testing in a real-life environment, of technologies, products, services, processes and innovative models in Portugal.