Porto startups reach over 6.4 billion euros in associated value

The figures now revealed represent an annual growth of 53% in the value of Porto's technological ecosystem, compared to the period from July 1, 2019 to December 31, 2021. In view of the significant growth in this measure of economic impact (calculated through the value of exits and startup valuations), the city of Porto has climbed more than 30 places and has earned a place in the Top 100 Emerging Ecosystems for the first time. This rise "highlights Porto's remarkable progress over the last year”, underlines the press release from Startup Genome, which involved the Global Entrepreneurship Network in the ranking.

For the Councillor for the Economy, Employment and Entrepreneurship, Ricardo Valente, the evaluation supports the work carried out by the Municipality in this area. "Porto is establishing itself as one of Europe's main entrepreneurship hubs, with a booming startup ecosystem. This success is the result of the city's commitment to creating a favorable environment for startups to thrive, but above all of the talent and dedication of our entrepreneurs,”.

With regard to the ability of startups to hire technological talent, the Global Startup Ecosystem Report (GSER) 2024 also reinforces Porto's good position, placing it among the 35 best European ecosystems in terms of accessible talent.

The value of Porto's startup ecosystem has grown by an impressive 53%. GSER is developed from data on startup ecosystems around the world, collected through a rigorous quality control process, with information from more than 4.5 million companies in more than 300 innovation ecosystems. The report shows trends in the start-up world and has three rankings: "the top 40 global ecosystems”, "emerging ecosystems” and a "regional ranking”.