The Ignition Program purpose is to strengthen the Portuguese ecosystem of tech-based entrepreneurship and thereby fostering the development of a modern economy, more competitive and open to the world, based on knowledge, innovation and highly qualified human capital with a strong entrepreneurial spirit.
2. Ignition Programme Opportunity
Available Funds co-invested by
To achieve critical FINOVA and managed by Portugal
Ventures (~ 20 M€)
mass for financing
Recurrent Annual funding ~20 M€
Ignition Program Launch
Fragmentation and difficulty
Ecosystem to facilitate the access of
accessing seed capital to finance
innovative tech based
weaknesses the innovation and stimulation of
projects to seed capital
tech-based start-ups.
Expedite and organise the deal flow
process of projects in the proof of
Deal flow Process concept, seed and early-stage
phases.
3. The aim of the Ignition Programme is to create a
relevant impact on the development of tech-based
entrepreneurship
• Constant monitoring and evaluation of new ideas
Sustainability • To finance innovation that fosters economic development
• Permanent creation of new start-ups
• Generation of opportunities for high-tech investors
Financing • To promote private investments
• Reinforce job opportunities for highly educated young people
Talent retention • To retain the migrant flux of young talent
• To reinforce the participation of the Portuguese territory as a whole in
Inclusion the development of tech-based entrepreneurship
Culture and
• To foster the Portuguese tech-based culture and community
Community
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4. The Ignition Programme focuses on financing tech-
based projects which have global potential
• ICT, Electronics & WEB (Information and Communications
Technology, Electronics and Social Web concepts);
Target • Life Sciences (Biotechnology, new technologies, products and
Sectors services for medical assistance, monitoring and alert, devices and
equipment);
• Endogenous Resources (Energy, Agri-food sectors, from the Forest
and from the Ocean), Nanotechnology and Materials
• Product-oriented (tradable goods and services)
• Based on R&D appropriable technologies that are referenced
Project internationally
• Innovative and differentiated at global scale
• Inserted into global value chains
• Significant global market potential
• Implemented with available resources
• Represent an original idea from the promoters
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5. Ignition Programme Partnerships
• Active business incubators and business development
PARTNERS centres with with qualifications add experience in
governance and management
• Track record
• Access to infrastructures and R&D activities
ROLE • Administrative support services (secretarial, accounting &
finance, legal, procurement)
• Management and business development support
• Marketing support
• Networking
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6. Implementation of a national network for the Ignition
Programme
IGNITION Anje, Beta-i, Biocant, CEIM/U. Madeira, Cotec, DNA
PARTNERS Cascais, Fábrica de StartUps, ICAT, IPN, Iscte, Net,
NETWORK
Parkurbis, StartUp Lisboa, Universidade de Aveiro,
Universidade do Algarve, Universidade do Minho,
Universidade do Porto
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