Amidst the COVID-19 pandemic effect, the minister for the Portuguese government announced new measures to help growing tech startups. It announced €25 million to protect the tech startup ecosystem in the country. While a slew of businesses across the world are shutting down due to the pandemic crisis, this move from the government in Portugal is sure to keep the tech startups operating as usual as they get the necessary help to meet what their employees need and sustain their business.
Top funded Portuguese tech startups
Though there are many tech startups, only a few of them turn out to be successful. Despite this fact, it is important to keep these startups operating as usual as these are important elements of any country’s economy and contribute to the innovation and creativity and provide employment to the highly skilled talent out there. It also makes sense as the startups will need assistance in terms of finance and support to help grow their business. And, this is where the efforts taken by the government will help them.