STARTUP ECOSYSTEM
Portugal Innovation index
Portugal’s Innovation Growth: Patent Filings and R&D Investments
In 2022, Portugal filed 1,382 patents, showcasing a steady interest in intellectual property and innovation. This figure indicates the country’s growing emphasis on research and development within various sectors, particularly technology and pharmaceuticals.
Portugal’s research and development (R&D) expenditure stood at approximately 1.5% of its GDP in 2022. This investment level aligns with the European Union’s average but indicates room for growth as Portugal aims to enhance its innovation output and competitiveness on a global scale.
Portugal’s focus on increasing patent filings and R&D investment reflects its strategic goals to foster innovation and strengthen its position as a competitive player in the global market.
Resources
- Portugal – European Innovation Scoreboard
- Portugal ranking in the Global Innovation Index 2023 – WIPO
- The Global Innovation Index ranks Portugal among the world’s 30 most innovative economies – Portugal Government
Portugal Startup density
In the 2024 Global Startup Ecosystem Report, Portugal ranks 27th globally and 4th in Southern Europe, reflecting its growing role as a regional technology and innovation leader. Key sectors driving this success include fintech, health tech, deep tech, and artificial intelligence (AI). Portugal’s startup ecosystem has also nurtured several high-growth companies, including unicorns and emerging scale-ups
Portugal Investment in key sectors
Portugal is witnessing significant public and private investments in key sectors, particularly in technology and education, as part of a broader strategy to enhance economic growth and innovation.
Portugal Export/Import Ratio
As of 2023, Portugal's trade balance reflects a positive trend, particularly in the technology sector. Here are the key figures regarding the export/import ratio and the balance of trade for technology products
Portugal Funding volume
In 2023, venture capital (VC) funding in Portugal experienced a notable decline, amounting to approximately €151 million (around $164 million) in total investments. This figure represents a significant decrease from the previous year's investment volume of $1.3 billion in 20224
Portugal Innovation index
In 2022, Portugal filed 1,382 patents, showcasing a steady interest in intellectual property and innovation. This figure indicates the country's growing emphasis on research and development within various sectors, particularly technology and pharmaceuticals.
