Govt Invites Applications from Indian Startups Aiming to Work with Partners in Portugal

India Portugal Startup Hub, a unique initiative of Governments of India and Portugal to enable international market access for Indian and Portuguese startups, is inviting applications from Indian startups aiming to work with partners in Portugal.

Applications are now open at India Portugal Startup Hub - https://t.co/Ea8MjVrDy4 - for Indian startups aiming to work with partners in Portugal.
Appications Close: 25th of September, 2018.@IndiainPortugal pic.twitter.com/3UFfssgpPR

— Startup India (@startupindia) September 7, 2018

Initiated by 'Startup India' and supported by Commerce & Industry Ministry and Startup Portugal to create a mutually supportive entrepreneurial partnership. This year is second consecutive year of the India Portugal Startup Hub that was launched last year during PM Modi’s state visit of Portugal.

Innovative Indian startups in the fields of Fintech, Urbantech, Medtech/Nanotech, building a product or service with business potential in the Portuguese/European market are invited to apply. The startups must have a registered company and operations in India.

Important Dates

Application (apply here) closes on 25th September 2018 and results will be announced on 5th October 2018. Startup unveil ceremony will be held at Web Summit Lisbon on 5th November 2018. Web Summit, originally Dublin Web Summit, is a technology conference held annually in Lisbon since 2009. The event witnesses attendees ranging from internet technology firms including Fortune 500 companies to smaller tech companies.

The selected startups will be offered Free of Cost Working Space for 3 months, Mentoring & Growth Advisory, Fast-track Visa Approval, Regulatory Assistance and Ecosystem Networking.

Portugal has one of the highest rates of business creation in Europe and has emerged as one of the most vibrant European eco-systems for entrepreneurship. Lisbon is hosting the Web Summit - a key annual international technology conference - for 3 years from 2016 onwards. The last Web Summit had 700 participants from India, and the number is expected to go up further this year. The governments of both India and Portugal are focusing on promoting Start-ups.

Govt Invites Applications from Indian Startups Aiming to Work with Partners in Portugal

India Portugal Startup Hub, a unique initiative of Governments of India and Portugal to enable international market access for Indian and Portuguese startups, is inviting applications from Indian startups aiming to work with partners in Portugal.

Applications are now open at India Portugal Startup Hub - https://t.co/Ea8MjVrDy4 - for Indian startups aiming to work with partners in Portugal.
Appications Close: 25th of September, 2018.@IndiainPortugal pic.twitter.com/3UFfssgpPR

— Startup India (@startupindia) September 7, 2018

Initiated by 'Startup India' and supported by Commerce & Industry Ministry and Startup Portugal to create a mutually supportive entrepreneurial partnership. This year is second consecutive year of the India Portugal Startup Hub that was launched last year during PM Modi’s state visit of Portugal.

Innovative Indian startups in the fields of Fintech, Urbantech, Medtech/Nanotech, building a product or service with business potential in the Portuguese/European market are invited to apply. The startups must have a registered company and operations in India.

Important Dates

Application (apply here) closes on 25th September 2018 and results will be announced on 5th October 2018. Startup unveil ceremony will be held at Web Summit Lisbon on 5th November 2018. Web Summit, originally Dublin Web Summit, is a technology conference held annually in Lisbon since 2009. The event witnesses attendees ranging from internet technology firms including Fortune 500 companies to smaller tech companies.

The selected startups will be offered Free of Cost Working Space for 3 months, Mentoring & Growth Advisory, Fast-track Visa Approval, Regulatory Assistance and Ecosystem Networking.

Portugal has one of the highest rates of business creation in Europe and has emerged as one of the most vibrant European eco-systems for entrepreneurship. Lisbon is hosting the Web Summit - a key annual international technology conference - for 3 years from 2016 onwards. The last Web Summit had 700 participants from India, and the number is expected to go up further this year. The governments of both India and Portugal are focusing on promoting Start-ups.

Startup India Initiates India-Portugal International StartUp Hub

Within a week of launching Start-Up India Hub -- an online platform for startup ecosystem of India to discover, connect and engage with each other, Commerce & Industry Ministry and Start-up India along with Startup Portugal have launched the India-Portugal International Startup Hub (IPISH), a platform developed to strengthen and foster the connection between the startup ecosystem of both India and Portugal.

The launch was announced during PM Modi's visit to Lisbon, Portugal where both the countries have signed 11 MOUs for cooperation in areas including double taxation avoidance, science and technology, trade and investment, nanotechnology, space research, administrative reforms and culture.

"11 MoU's were exchanged out of which seven and there was announcement of launch of a joint science fund for which both India and Portugal will contribute Euros two million each. 5 of the MoU's were in the area of science and technology," said a Ministry of External Affairs (MEA) official.

The official added, "There is progress in discussions between IIT Roorkee, Gandhinagar and madras with their Portuguese counterparts to take science and technology related activities forward. 15 projects were approved during the joint committee meeting for science and technology."

IPISH hosts a range of tools and will provide information on the start-up hotspots of Bangalore, Delhi and Lisbon; and on associated subjects, such as policy, taxation, and visa options. It will develop a Go-To-Market Guide to support start-ups.

IPISH is expected to help in mutual capacity building, and enable connections between startups, investors, and incubators from relevant sectors. It is also expected to establish a network of honorary ambassadors based in India and Portugal to guide start-ups from both countries.

There are strong complementarities between India and Portugal in the startup sector. Portugal has one of the highest rates of business creation in Europe and has emerged as one of the most vibrant European ecosystems for entrepreneurship.

To recall, Start-Up India's virtual hub has also tied up or in fact outsourced the startup mentorship to a New York based technology incubator and collaboration community Collaborizm [Read Here].

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