Startup Lisboa the corner stone incubator in Lisbon region and part of an urban regeneration project for Lisbon’s downtown area (Historical buildings).
Startup Lisboa the corner stone incubator in Lisbon region and part of an urban regeneration project for Lisbon’s downtown area (Baixa), including the reuse of historical buildings
Initiative of the Lisbon City Council, included in the wider strategic umbrella “Lisbon Creative City”, and a part of the city’s entrepreneurial ecosystem.The proposal to set up this incubator stemmed from the Council’s participatory budget of 2009/2010, having been one of the most voted ideas by Lisbon citizens that year.
Startup Lisboa, a private non-profitable association, was founded in 2011 with the support from the bank Montepio Geral and the governmental agency IAPMEI – Agency for Competitiveness and Innovation.
Startup Lisboa is part of an urban regeneration project for Lisbon’s downtown area (Baixa), including the reuse of historical buildings.
Startup Lisboa, the most important incubator of the Lisbon network of business incubators, supports entrepreneurs to develop business ideas that are innovative and ready for the market the market and attracts investment to support the growth of their business process.
Investors network (national and international);
Funding for building renovation works: <1M€;
Evidence of success
Some members have teams abroad developing new markets, some participated in recognized accelerators like 500Startups, TechStars and YCombinator
Key stats, Since 2012:
- 3800 applications received;
- 280 supported startups;
- Entrepreneurs from more than 35 countries;
- 1500 jobs created;
- 80M Investment raised by startups;
- 2 historic buildings rehabilitated in downtown with work spaces;
- 1 residence for entrepreneurs ;
European Enterprise Promotion Award 2013 by European Commission
Although the location in the city center was important for visibility, not being close to a University limits its capability in attract young talent, specially engineering students. Startups need more human resources than the founders and being close to a University helps.
Potential for learning or transfer
The involvement of the City Hall in the creation of an incubator in the digital area has benefits that go beyond the promotion of entrepreneurship. Incubated startups have promoted the city has a good location for a company to grow and also showed the quality of the talents available in the region. The victory of Jaime Jorge, the founder of Codacy, in Websummit 2014 in Dublin, gave visibility to the local entrepreneurial ecosystem, ending up in the attraction of the event to Lisbon in 2016. This years event has had 60,000 participants with an overall impact in the city economy estimated in 150-200M€. The current venue of the event will be expanded from 50,000 square meters to 100,000 where the event will be held for the next 10 years.