Fomento Portugal Tech

Fomento Portugal Tech is a EUR 100m venture capital partnership between the EIF and Banco Português de Fomento (BPF) launched in 2018 and targeting early-stage and tech-transfer investments in Portugal.

Fomento Portugal Tech is fully allocated to six funds selected, which have generated investments worth of EUR 200m into nearly 70 startups and SMEs. Two thirds of the portfolio is made of startups based or mainly operating in Portugal, including well known Portuguese businesses such as Sword Health, Unbabel, Bizay, iLoF, Sound Particles, and Saúde Viável.

(Data as of 31 December 2024)

The programme is currently not receiving fund applications, and only Biovance Capital Fund I remains in investment mode. If you are a fund or a company looking for funding, please refer to our active programmes in Portugal:

• Fomento Portugal Growth (growth and private equity)
• Fomento Portugal Blue (equity for blue economy)
• Agri Portugal (loans for agricultural businesses and young farmers)

Case studies:

• SWORD Health: virtual physical therapy
• Unbabel: support, translated
• 360imprimir: technology and simplicity
• iLoF: Accelerating personalised medicine
• Sound Particles: sound in 3D
• Saude Viavel: growing hair beyond Portugal

News and media:

• PORTUGAL TECH: Instituição Financeira de Desenvolvimento (IFD) and EIF launch a new equity investment programme in Portugal
• EIF supported Indico Capital Partners launches EUR 46 million Venture Capital fund
• PORTUGAL TECH: EIF, IFD & Faber join forces at Web Summit to support Portuguese data-centric software start-ups with EUR 30 million
• New venture capital company Biovance Capital Partners launches - Biovance

Further information - Regulation (EU) 2019/2088 (SFDR):
The Fund defines with the assistance of the Investment Advisor certain excluded sectors in which the Fund is prohibited to invest directly or indirectly The selection of such sectors is based on the Investment Advisor ESG guidelines: EIF Environmental, Social and Corporate Governance (ESG) Principles as well as on investment considerations meant to avoid inter alia any actual or potential material social, governance and/or environmental negative impact  on the Fund performance. Such excluded sectors are taken into consideration in the investment process and decision-making process of the Fund.

The Fund does not consider adverse impact of investment decisions on sustainability factors at the present time considering that (i) in the absence of regulatory guidance, it is not clear what regulators will expect of entities that elect to consider such matters at this time, and (ii) it is also not clear that there is sufficient data, and data of a sufficient quality, to support entities that do so, in the relevant asset classes, industries or sectors in which investments have been/may be made. Sustainability factors are environmental, social and employee matters, respect for human rights, anti-corruption and anti-bribery matters.