National startups generate €2.3Bn in revenues and create 25,000 jobs
Portugal’s 4,000 or so startups employ around 25,000 and have generated a turnover of €2.3Bn with business exports of €1.3Bn according to statistics released by Startup Portugal
at Web Summit on Thursday. The latest data results from an update on the criteria governing what actually constitutes a startup companies that, among other criteria, employ less than 250 staff, with a business turnover of less than or equal to €50 million — done in partnership with Startup Portugal, IDC, and Informa D&B, and which have a entrepreneurial ecosystem profile.
All told, there are 4,073 startups in Portugal, turning over €2.3Bn and responsible for 25,000 jobs. Of these, 35% are exporters, an amount substantially above the rest of the Portuguese business network. (11%)
@source: Essential in Business