Financing of investment projects in Early Stages phases.

Companies which comply with the provisions set forth under Article 8 of the SAFPRI Regulation and with head-office in NUTS II regions North, Centre and Alentejo, or Lisbon.

Emerging small-scale projects with innovative and / or differentiating character.

Highly innovative projects, holding the “IAPMEI Inovação” certification and developed by SME with less than 3-full years of activity.

Based on the Business Plan and where applicable in other elements of analysis for each project and prospects for sustained profitability / viability, consistent with market conditions.

Participation of Venture Capital Fund by company cannot exceed the amount of 100,000 Euro in emerging small-scale projects or Euro 1 million on highly-innovative projects.

The participation of the Venture Capital Fund cannot exceed 80% of the own equity of the company.

At least 70% of Venture Capital Fund participation in each project must be secured by equity or quasi equity.

Venture Capital Funds to establish or strengthen under this program:

Management Entity

Venture Capital Funds

Portugal Capital Ventures, SCR, S.A.

FCR Portugal Ventures Early Stage


FCR ASK Capital

Change Partners, SCR, S.A.

FCR Fast Change II

Novabase Capital, SCR, SA

FCR Novabase Capital Inovação e Internacionalização

Portugal Capital Ventures, SCR, S.A.

FCR Portugal Ventures Universitas

Total value of Venture Capital Fund
54.99 million Euro

ERDF (FEDER) contribution (via FINOVA)
32.64 million Euro

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