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Lisboa Empreende +

To meet the need to support companies and startups, the Lisbon City Council, in partnership with Startup Lisboa, has launched Lisboa Empreende +!

This is a programme that supports Lisbon’s business sector by facing the adverse effects caused by this pandemic. How? Through a wide range of services for companies, information on existing support and advice on how to mitigate the impact of the crisis. Find out more about how the programme can help you right here.

 
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Under the Lisboa Empreende + programme, and together with the CCA Law Firm, a webinar will be held, focusing on the support measures for startups presented by the government. It is limited to 100 participants, so sign up now!

 

What are the support measures that the government has implemented for startups?

 

The Portuguese government has launched seven measures to support the entrepreneurial community:

  • StartupRH Covid19: financial support equivalent to the minimum wage per employee (up to a maximum of 10 employees per startup);

  • Extension of the Startup Voucher: 3-month extension of the previous grant already awarded;

  • Vale Incubação – COVID19: support for the startups under five years old, through the appointment of incubation services based on a 1,500€ incentive;

  • "Mezzanine" funding for Startups: a loan convertible into share capital, after 12 months, with a discount rate to avoid promotor dilation. The average investment tickets are between 50.000 euros and 100.000 euros per startup;

  • Covid-19 - Portugal Ventures: a notice about the launch of Portugal Ventures in startups, with tickets from 50.000 euros;

  • Fundo 200M: to provide technology startups and scaleups with greater investment capacity in the late seed and Series A and B phases, with a minimum public investment of 500.000 euros and a maximum of 5 million euros;

  • Co-investment fund for social innovation: to provide social impact startups with much greater investment capacity in seed phases up to Series A, through matching between private operators and FIS (Social Innovation Fund).

Take a closer looker at these measures here. 
If you need more information, contact Startup Portugal or the Rede Nacional de Incubadoras (National Network of Incubators).

STARTUP OF THE WEEK

 
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Detox in a Box

Detox in a Box’s mission is to make healthy eating easy and accessible to everyone. Initially a subscription service of 100% natural and fresh smoothies for companies. However, given the circumstances, and because healthy eating is now more critical than ever. Our startup has launched a new (free!) smoothie home delivery service in Lisbon and Porto!

Want some good news? Use the promo code: SULX10 for 10% discount on all packs here!

WHAT YOU SHOULD KNOW

The European Commission is organising a pan-European hackathon to "connect" Civil Society, Innovators, Partners and Buyers across Europe and develop innovative solutions to overcome challenges related to coronavirus. The hackathon will take place on the 24th, 25th and 26th of April and you can find out more here.

“Portugal is the country with the most “innovative” projects to fight Covid-19", says the Organisation for Economic Co-operation and Development (OECD). Portugal has 17 of the 148 differentiating projects that aim to tackle the pandemic worldwide. After all, there are still good things happenings, and some by entrepreneurs!

Finally, the  UNESCO Prize for Girls’ and Women’s Education is open for applications until the 26th of May, and with a 50,000$ prize!

P.S: Don't forget to visit the trabalhardecasa.pt and our website page with initiatives and solutions from our startups in light of the new coronavirus.

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Indico Capital Partners, together with Google for Startups, will launch an accelerator for Portuguese startups in the pre-seed phase. Indico Accelerator Power by Google for Startups will annually select from 6 to 10 projects and invest 100 thousand euros in each one! More information here.

We all need to cheer up, and that is why our incubated NomadX is organising the Virtual Exstatic Dance Party today. This is already the party’s second edition that lasts 24 hours (yes) and is happening right now! Sign up!

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THIS WEEK’S MUST-READ AND LISTEN

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This month's Courier talks about entrepreneurship in the restaurant ecosystem - "Making it in the world of food and drink" helps us learn more about the industry or may even boost the realisation of that business idea we had during the quarantine! [From Start-to-Table, just wait for it]

To listen, we suggest The Pitch podcast, where founders pitch to real investors - "just find a way to survive the next few months", they say.

OUR PROGRAMMES

 
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Good news: WPP Booster has extended the deadline for applications to the 8th of May! If you have a communication startup, it is time to apply. We are also looking for projects that can help solve the challenges created by Covid-19 such as remote working, e-commerce platforms and integrated logistics or, for example, virtual assistants for performance support/improvement. Do you have this and much more? Apply here.

 

100% digital and a desire to help empower women entrepreneurs and accelerate innovative and sustainable projects. This is Women4Climate Lisboa, which is open for applications until the 30th of April, here.

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