Port Von Novak
Portugal at the crossroads between talent and opportunity. It has universities of excellence, insight businessmen and a distinct geographical position. However, the environmental system growth is still lower than its potential. Without strong and strategic government support, we risk seeing bright ideas that disappear – or die on the beach. What countries like the United Kingdom and Singapore have realized for years, Portugal still has to implement: innovation is not only with good ideas, but with a general courage to invest in it.
What is missing? Talent exists. Ideas also. What is in the scarcity of sick capital, especially in the early stages of startup development. Investment in innovation bears risks and often investors from the private sector avoid these unconfirmed stages. Then comes the primary role of the state: assuming the introduction to the risk, creating incentives and paint mechanisms that give Portuguese startups the opportunity to prove their value.
France, with the “La French Tech” movement, in partnership with the BPIFRANCE General Bank, has created a vibrant environmental system, with thousands of startups, tax incentives and acceleration programs. Singapore and South Korea have followed similar paths, a bet on infrastructure, technical education and smart capital. The UK is betting on creating a set of incentives at the tax level for those who invest in innovation
The results talk about themselves: generating qualified jobs, increasing tax revenues, attracting global talents, retaining youth, and dynamics of the entire regions. Today, London, Paris and Paris are examples of how innovation has converted economies.
In this way, I think the government has three main roles in this process: 1 –
Attracting private investment to the ecosystem
How to draw investment mechanisms and tax comfort that brings more traditional investors and people with high people to invest in innovation sectors? It comes to reducing the risks to the investor, either through the mechanisms of overcoming participation, tax incentives, or capital boxes at risk. It is necessary to inject capital into the ecosystem, but in the most effective way and adaptation to the reality of startups, which operate at a rapid pace and have limited human resources. The process should be simple, with quick decisions and effective implementation. In addition, it is necessary to think about the attractiveness of international investment. Access to this financing must be democratic – every person in the ecosystem must have knowledge and access to opportunities. 2 – Attract people toBe active members d
Ecosystem
We need to raise students’ interest in establishing companies and encouraging university researchers to convert supported research into a value of society – and the most effective way to do this is through the creation of startups based on knowledge. How to attract experts to find startups in Portugal? How to use the technology industry as a bridge for qualified Portuguese migration? Talent is the engine of the ecosystem, and the state can play a major role in stimulating it. 3 –
Attracting startups and international businessmen to stability in Portugal
We have clear competitive advantages: the quality of life, the soul and the strategic location. But in order to become really attractive, we need to connect these advantages in an organized manner, create reckless programs, accelerate visa operations, and ensure easy integration with the local ecosystem.
Portugal has a unique opportunity to place itself as a center for innovation in southern Europe. But therefore requires courage. Public policies are more ambitious, investment funds between the public and private sectors, tax incentives programs and organized institutional support.
The future of Portugal passes through innovation. Innovation passes through the courageous general decisions that put the ecosystem starting to start as a national priority. The moment of acting now.
CEO DA StartupBootCAM
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