No. of companies | Software Development
Calculations based on data from Statistics Portugal and Sabi (2021).
Several factors contribute to such dynamism: high-quality talent in engineering fields, Portuguese universities with an increasingly international profile, a very high level of proficiency in English, technology readiness and digital transformation.
By the end of 2023, over 2.617 startups were registered in the country, and, of those, 6 are unicorns. Simultaneously, Portugal has over 160 certified incubators and accelerators ensuring that entrepreneurs receive the support and resources they need to thrive. Between 2017-21, the Venture Capital ecosystem rose 15x, with a record investment of €1,5B in startups in 2021.
Between 2020-22, Portugal was the 4th European country to attract more FDI projects in Software & IT Services , according to the EY European Investment Monitor?
Last updated: 15/06/2025