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Apr 30, 2018

The result of Entrepreneurship in the creation of Startups

Startups

Startups

The Portuguese are increasingly entrepreneurial and startups are playing a very important role in the development of technologies and in the organizational world. Entrepreneurship is increasingly becoming a trend.

O profile of startups is changing, with more individual, smaller initiatives, but with a more export-oriented profile.

In the study, "Entrepreneurship in Portugal", the sectors where most companies are born are services and retail. However, these companies are growing more in the areas of agriculture, livestock, fishing and hunting. It is important to note that in the restaurant and hotel sectors there has also been an increase in the creation of new start-ups.

Lisbon saw the biggest growth in startups, then the Alentejo and finally the North.

Between 2007 and 2015, 309,550 companies and other organizations were set up. That's around 34,000 per year on average. Almost all (93%) of the entities created are commercial companies, although, on average, only 74% started operating in the year of their birth. After a decline between 2008 and 2012 (with the exception of 2011, when the possibility of setting up companies with a minimum share capital of one euro per partner boosted births), an expansion cycle began in 2013, culminating in 2015, the best year in terms of number of incorporations since 2007.

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