The government presented a total of seven measures, worth 25 million euros, so that more than 2,500 "startups" can overcome the effects of the Covid-19 pandemic and resume their normal activity after this exceptional period.
The set of five new measures, with a global value of over 25 million euros, could represent an average of 10,000 euros of potential support for each startup, namely:
The measure «StartupRH Covid19» includes financial support through an incentive equivalent to a minimum wage per employee (up to a maximum of 10 employees per startup).
The «Startup Voucher Extension» implies an extension for three months of the benefit of the previous scholarship already allocated (2,075 euros per entrepreneur job).
«Vale Incubação – COVID19» is aimed at «startups» with less than five years old, through the contracting of incubation services based on a non-refundable 1,500 euros incentive.
The measure "Mezzanine" funding for Startups "covers a loan convertible into equity into equity (supplies), after 12 months, applying a discount rate that allows to avoid the dilution of the promoters. The average investment tickets are between 50 thousand euros and 100 thousand euros per startup.
The launching of "Portugal Ventures' Call (Call)" for investments in startups counts with "tickets" starting at 50 thousand euros, in an initiative financed through the Financial Development Institution (IFD), Portugal Ventures and the National Press-Casa da Moeda .
In this context of a pandemic, startups can still use two supports already in place and which have been adapted to provide more effective responses:
The «200M Fund» implies a co-investment with private investors in Portuguese startups and scaleups, with a public minimum of 500 thousand euros and a maximum of 5 million euros.
The "Co-investment for social innovation" fund integrates co-investment with private investors in companies with innovative and social impact projects with a public minimum of 50 thousand euros and a maximum of 2.5 million euros.