After the first edition in 2021 where we mapped the key pillars of the Portuguese startup and entrepreneurial ecosystem, the purpose of this study is to provide an updated overview, and identify the main areas and measures needed to further accelerate the Portuguese ecosystem and Build a Scaleup Nation! 

It is the voice of the entrepreneurs who chose Portugal to start their startup, as well as of the leading experts who contributed to the development of the ecosystem in the last decade, and who suggest a series of measures in order to make it more competitive and sustainable.

It provides a detailed view of where we are today, who the major players are, what the key KPIs are, and how the Portuguese ecosystem is evolving. 

This report was developed based on existing IDC research, public data, a survey carried out among more than a hundred startup founders, and more than 20 in-depth interviews with leading experts in the Portuguese ecosystem.

• We interviewed 26 ecosystems experts in the second and third quarters of 2022
• The Voice of the Founders survey was carried out in the second and third quarters of 2022, and it was responded to by 125 founders.
• The number of startups and the capital data was based on the latest Dealroom database data. All numbers, if not indicated, refer to year-to-date data based on October 2022. All other ranking and public data used in this report refers to the latest date available, years 2022 or 2021.