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FinTrU, a RegTech company from Northern Ireland, UK, just announced that they will invest in Portugal as their new EU hub and that this will lead to the creation of 500 new jobs. The Regulatory Tech company that provides services to the Financial Industry has a turnover of £29m and is seeing a rapid growth since 2019 when its turnover was £12m. FinTrU has selected Portugal for further expansion and has been designated as a project of National Strategic Interest by the Institute for Employment and Vocational Training of Portugal (IEFP). The FinTrU Porto office will be a client delivery centre, providing services directly to Tier 1 Global Investment Bank clients to design technology-enabled solutions that will help them meet their regulatory obligations. With a workforce of over 1,000 people located in Northern Ireland, Maastricht, London, Dublin and New York, the UK RegTech operates in the field of managing regulatory processes that include regulatory monitoring, reporting and compliance. The Financial Services sector has seen an increasing number of data breaches, cyber hacks and money-laundering activities. The use of big data and machine-learning technology allows RegTech companies to mitigate risks for the compliance department by providing data about online money laundering activities in real-time. Financial institutions that identify potential threats are able to minimize the associated risks and costs linked to data breaches. With cloud computing through Software-as-a-Service, RegTech companies ensure regulatory compliance by providing critical information to regulate the Financial Services sector. FinTrU was designated by the Financial Times as one of Europe’s fastest growing companies. The Financial Times, in partnership with Statista, included FinTrU in their FT1000 Europe's Fastest Growing Companies League Table in 2021. With headquarters in Belfast, the EU expansion of FinTrU through Portugal will enable employees to work across different global locations through the company’s interconnected offices. FinTrU Founder & CEO, Darragh McCarthy, stated that, after reviewing a number of European locations, Porto in Portugal was the best choice for their next client delivery base. FinTrU Chief of Staff, Katrien Roppe, also said they are working closely with AICEP “who were fantastic in demonstrating the opportunities that Porto has to offer: The highly-educated talent, the thriving business community and top tier universities on offer confirmed our decision.” FinTrU is developing a state-of-the-art 3,000 square meters office in Porto with a fully flexible and hybrid workspace to collaborate with colleagues both locally and globally. With expanded training and social spaces, the new FinTrU Porto office will empower employees to harness their entrepreneurial spirit in an environment that encourages innovation and connectivity. The city centre location will open before the end of 2022. FinTrU’s focus on technology will contribute to empowering the Portugal team to drive industry-disrupting, innovative solutions within the financial services market. The choice of Portugal as a RegTech hub will further enhance the country’s advantages as a preferred location for Tech-enabled operations. Source: https://www.portugalbusinessesnews.com/post/portugal-regtech

The Portugal Biotech Investor Day is organized by the European Innovation Council (EIC) and CUF that is part of the José de Mello Group. The event will comprise of health-related innovators working on Med-Tech, E-Health and Bio-Tech and will be held on 29-30 November in Lisbon. Companies that will be selected to receive funding will be selected by an investor jury from top European VCs and CVCs in the healthcare sector. Health-related companies will have the opportunity to pitch their business to top EU later-stage investors like Apex Ventures, Armilar Venture Partners, BioGeneration Ventures, Bionova Capital, Coparion, Clinical Research Ventures, Earlybird, Firstminute Capital, Mustard Seed Maze, Octopus Ventures, Pathena Investments, Redalpine, Seroba Life Sciences, Shilling VC and Sofinnova Partners. The EIC Business Acceleration Services connect investors and companies in Europe. For the upcoming Investor Day, EIC is collaborating with CUF that is the market-leader in the health-care sector in Portugal with over 11,000 employees. As innovation is at the core of its activities, CUF works closely with universities, scientific institutes and start-ups. Another upcoming event in the Health Sector is organized by the European Innovation Council (EIC) and the European Medicines Agency (EMA) on 31 January 2023. The online event will introduce support services provided to researchers and SMEs in the pharmaceutical and med-tech sectors. Companies that are innovative in the health-tech sector at different stages of development as well as those that would like to apply to the EMA services such as PRIME or Scientific Advice are invited to participate. EMA support services include gene and cell therapies and the Innovation Task Force (ITF). The Health and Bio-Tech sector in Portugal is attracting massive investments, such as Amgen the global pioneer in Biotechnology that just announced an investment of Euros 100 million in Portugal, and further developments in the field are to be expected. Source: https://www.portugalbusinessesnews.com/post/portugal-biotech

HiBob HR Tech has selected Portugal as their Tech Hub for Western Europe. The HR Tech company will be based in Lisbon where it will run its Center for R&D Excellence. This will lead to the creation of 70 new jobs for tech professionals. HiBob is an Israeli tech company providing HR software with headquarters in New York. It is among the top HR software companies as it is the best cloud HR software for engaging and connecting hybrid teams. The HiBob HR Information System (HRIS) was recognized as a leading software in the G2 Regional Grid Report for Core HR. In August 2022, HiBob raised $150M series D, in addition to the funding of $ 150,000,000 raised in the C round series in October 2021. HiBob is now extending its activities with its new Portugal Hub. HiBob is a cloud-based HR platform that radically streamlines administrative survey tools. The real-time data gives decision-makers valuable insights and helps employees connect globally. Economist João Ferro Rodrigues, a Lisbon-native, will head operations and focus on attracting the best tech engineers in Europe to build a solid R&D Hub for global support. Innovation enables the enterprise to have cutting-edge technologies for companies that work globally and remotely. HiBob employees are central to the operation and “Bobbers” form part of a supportive environment where they are inspired to grow. According to Mr Rodrigues, Tech Hubs encourage people from the IT sector to re-group and stay in the same city. This includes web designers, digital marketers and developers. As a result, a Hub becomes a space where ideas germinate and companies prosper. Mr Rodrigues sees Lisbon as this city that will become an important gateway to the European tech scene. HiBob is very adaptable and innovates through continuous learning loops to produce seismic cultural shifts for companies with dynamic, distributed workforces. HiBob is used by more than 2,500 multinational companies and allows them to accelerate hiring, to retain the best talent, to up skill and to stimulate employee engagement. For a business to grow, it requires skilled developers and a strong presence on the ground. A presence in Portugal issues a strong signal to the EU market as a trailblazer for HR tech innovation. Portugal is becoming renowned as the fastest-growing tech-hub in Europe with a dynamic start-up scene and a pool of tech talents. With the HiBob platform, talent-management is facilitated for onsite and remote employees. With such a platform, “Bobbers” are empowered to succeed with actionable goals and growth plans within the team. Through HiBob, the HR department will stimulate companies to: 1, 2, 3, grow! Source: https://www.portugalbusinessesnews.com/post/portugal-hibob

Pfizer is looking for partners with innovative projects that merge Health, AI and Technology. If you want to revolutionize the health sector, this is your opportunity to propose your project to the Pfizer Foundation. Whether you are in field of Science or of Digital Technology, if you have innovative solutions to current health challenges, this is your opportunity to develop your business. Projects to be showcased include how to improve mental health using technology and Big Data through digital platforms. This comprises RRSS segmentation for data mining and how to develop a health system that is more environmentally sustainable through technological solutions. Pfizer and TheCube have joined forces to boost innovation in the Healthcare sector through the new Innomakers Lab Hub. This is a Pfizer-driven project in Madrid for radical innovation in the health sector under the Acceleration Program that includes innovation sessions with experts. The Program will be accessible to the winners of the Innomakers4Health Initiative. The training will support how to define prototypes for data science and to develop a Minimum Viable Product (MPV) for use in the real-world. TheCUBE, that is the ecosystem for innovative projects, is collaborating with Pfizer for developments in the health sector. The Pfizer motto is “Innovations that change the lives of patients.” The event will include a surprise guest from the Martin Trust Center for MIT entrepreneurship. The Center has been collaborating with Pfizer through various personalities including Isa Watson, the founder of Squad, that helps people build their offline and IRL Community. Squad has been featured in TechCrunch, Forbes, Bloomberg, Crunchbase and is backed by Silicon Valley Venture Capital firms. Isa worked at Pfizer as a research chemist and clinical trial strategy analyst. In the field of Big Data, MIT women entrepreneurs such as Jinane Abounadi, Executive Director of the MIT Sandbox Innovation Fund, have been inspired by Pfizer. In her opinion, she felt inspired when she heard that there was a woman scientist, Ozlem Tureci, behind the Covid-19 Pfizer vaccine. She sees this as a potential for brilliant female students to make a significant impact in the future of Health science. Innovation in the field of scientific research requires the use of technology. With this new objective, the Pfizer Foundation will position innovation at the center their action-plan, which is to contribute to building a system where merging scientific and technological innovation is the engine of advances in the health sector. Pfizer is increasingly using AI for its drug-development process, such as its partnership with CytoReason to build a simulated model for the immune system to predict diseases. Another usage includes Controlant’s cloud capabilities to track vaccine components for the supply-chain in real-time. Pfizer is now looking for partners to develop projects that merge science, technology and innovation for the benefit of the health and well-being of the population. Source: https://www.portugalbusinessesnews.com/post/pfizer-ai-partner-search

The Portugal Rocketry Challenge is Ready for Launch on 13-16 October at Ponte de Sor. The Portuguese Space Agency is launching the European Rocketry Challenge to attract and involve national and international academia in supporting the expansion of the aerospace industry. The Portuguese army has signed the Protocol with the Portuguese Space Agency - Portugal Space (AEP-PT Space) at the Headquarters of the Mechanical Brigade. The Rocketry Challenge will launch at the Santa Margarida Military Camp to support academia from European countries. It is an opportunity for European universities to demonstrate their capabilities in designing and launching rockets and is held with the participation of 20 teams from 13 countries including Portugal. The EuRoC Challenge will be held in two locations: the Paddock at Ponte de Sor Airfield and the Launch Site at Santa Margarida Military Camp. The paddock that is located at the Airfield of Ponte de Sor is about 125 km North-East of Lisbon. This event will strengthen synergies between academia and the aerospace industry in order to promote innovation in the sector. Portugal is now positioning itself in the field of aerospace engineering. EuRoC began in 2020 and is part of the Portuguese Space Agency’s strategic goals that include developing linkages with academia. The Portuguese Space Agency is working with academia to ensure the future of the Portuguese Space ecosystem. The outcome will promote and strengthen the space sector in Portugal and will demonstrate that, even though aerospace engineering leads to the launch of rockets, it is not after all rocket science… Source: https://www.portugalbusinessesnews.com/post/portugal-rocketry