Artur Lima signs Memorandum of Understanding with Startup Portugal - Communication

Vice-Presidência do Governo Regional

The Vice-President of the Regional Government, Artur Lima, signed today a Memorandum of Understanding (MoU) with Startup Portugal at the Web Summit in Lisbon.  It establishes a framework for cooperation to support the Region's entrepreneurial ecosystem. 

The MoU between the Regional Government of the Azores and Startup Portugal, the entity responsible at a national level for monitoring, tracking and controlling the process of recognising the startup and scaleup status, strengthens the commitment to supporting and promoting the regional innovation ecosystem.

For the Vice-President of the Regional Government, this Memorandum will promote “the initiatives of the Azorean entrepreneurial community, giving it visibility as well as a national and international reach in a highly competitive global market.”

The cooperation framework established "is aligned with the work being carried out by the Government, both in terms of promoting and strengthening Science and Technology Parks and attracting foreign investment," stated Artur Lima.

“It is also essential to continue promoting the Azores as an attractive Atlantic hub for investment. The signing of this Memorandum falls within the external promotion strategy pursued by the Government,” emphasised the Vice-President of the Government. 

The Autonomous Region of the Azores has a dedicated space at Web Summit 2025. In this edition, which takes place between November 10 and 13, the Regional Government has secured the presence of fifteen Azorean companies from various sectors, including drone construction, biotechnology, telecommunications engineering, artificial intelligence and computer programming. 

“Web Summit is one of the largest technology fairs in the world. The presence of these fifteen companies is a strategic opportunity to demonstrate the excellence of regional innovation,” he said.

He added: "Above all, it is the right forum for developing partnerships and attracting investment and talent."

Web Summit is a flagship event on the national and global technological innovation scene. More than 70,000 participants from 157 countries have attended the ten editions to date. There are also 1,857 investors from 86 countries in attendance.