The coronavirus has hit the startup ecosystem hard across the world! Many startups are not able to operate due to lockdown while others are witnessing losses due to lack of revenue. Many businesses have urged their respective government to announce a robust economic package to fuel recovery.
€25 million relief package!
Fortunately, governments around the world are announcing measures to support SMEs. Recently, the Portugal government has announced a package of €25 million in a bid to protect the country’s tech and startup ecosystem.