Portugal Tech investment news - Tech companies are invited to submit proposals to receive funding in Portugal out of the EUR 60 million fund under the EU Recovery and Resilience Mechanism (PRR).
Portugal will provide funding to tech companies that have Industry 4.0 projects based on advanced digital technologies, namely AI, advanced computing, collaborative and cognitive robotics, internet of things and additive manufacturing, among others. Tech companies operating in Portugal are invited to submit their applications to receive EU funding by December 20th.
Portugal will give preference to tech projects that demonstrate the use of advanced digital technologies for the transformation of pre-existing industrial processes or operations. Projects of interest include AI solutions, data science, advanced computing, digital representations, virtual modeling (digital twins), industrial simulation, augmented reality, virtual reality and artificial vision applied to industrial processes. Collaborative and cognitive robotics, human-machine interface, cyber-physics systems, sensors, cloud computing, internet of things, and additive manufacturing applied to production are other solutions that can be supported within the scope of this notice.
Tech companies based in Portugal that would like to apply for EU funding may do so on the IAPMEI website.
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