Europe launches its own ChatGPT called EuroLLM developed with Portuguese partners - Portugal Business News Portugal News – Europe launches its own ChatGPT, a multilingual AI large language model called EuroLLM developed in collaboration with Portuguese partners including tech company Unbabel.   Europe’s own version of ChatGPT, called EuroLLM, is a new multilingual large language model supporting all 24 official EU languages that was developed in collaboration with Portuguese partners including tech startup and future unicorn Unbabel.   Europe is stepping-up its game for AI sovereignty with the launch of multilingual AI EuroLLM that is already available on AI platform Hugging Face and on Widn.AI. Since it is an open-source model, users are actively encouraged to use it, to improve it and to develop new technologies based on it. EuroLLM-9B was developed in collaboration with Unbabel, Instituto de Telecomunicações, Instituto Superior Técnico, the University of Edinburgh, Aveni, Université Paris-Saclay, the University of Amsterdam, the Sorbonne University, and Naver Labs. EuroLLM was trained on MareNostrum, one of Europe’s most advanced supercomputers, at the Barcelona Supercomputing Center (BSC) and the project is supported by the EuroHPC Joint Undertaking (EuroHPC JU) and by the EU’s Horizon Europe Research and Innovation Actions. This marks an important milestone for Portugal’s tech industry and for the development of multilingual AI that delivers unparalleled accuracy, efficiency, and speed for task-specific applications.   With the development of EuroLLM with Portuguese partners, Portugal’s AI sector is leading innovation as the project aims to create a flywheel for developing new opportunities for collaboration and growth while levelling the playing field by closing language gaps across Europe and the rest of the world. #portugalnews #technewsportugal #AInewsportugal #EuroLLM9B #eurollm #multilingualAIlargelanguagemodel

Engexpor completes phase 1 of Europe's largest data center in Portugal - Portugal Business News Portugal news - Engexpor completes phase 1 of Europe's largest data center in Portugal, SIN01, that is the first building of the ambitious Sines DC project developed by Start Campus. The pilot building is the smallest of a total of 6 buildings planned for the Start Campus, which in its final stage will have 1.2 GW of installed capacity with an investment of 8.5 billion euros.   The first building in Europe's largest data center in Portugal is now open at the Sines Industrial and Logistics Zone (ZILS). With an area of ​​21,600 m², distributed over a single floor, and an installed capacity of 14 MW, SIN01 offers several functional areas, including IT, electrical, mechanical and support areas standing out for the integration of cutting-edge technology and sustainable solutions.   SINES DC offers solutions tailored to meet the growing demand in the data center sector. Portugal’s data center is AI-ready and incorporates the most advanced liquid cooling technologies in a versatile and scalable model. The Sines data center uses 100% renewable energy sources and targets a PUE (Power Usage Effectiveness) of 1.1, taking advantage of natural ocean cooling.    “ Sines DC is a unique project that places Portugal at the forefront of digital transformation and sustainability.  At Engexpor, we are committed to delivering integrated and specialized solutions that meet the challenges of today and tomorrow,” stated Tiago Barros, Managing Director of Engexpor in Portugal.   “The completion of SIN01 is a milestone that positions Portugal as a leader in innovation and sustainability in data centers. Working with Engexpor allowed us to successfully deliver a LEED certified project from concept to completion, managing daily challenges with suppliers and contractors, ” stated Rob Dunn, Chief Executive of Start Campus.   With the completion of SIN01, the first building in Europe's largest data center in Portugal, SINES DC is taking a crucial step towards transforming Portugal into a strategic hub for AI, technology and connectivity. Author: Portugal Business News #portugalnews #datacenterportugal #europeslargestdatacenter #SinesDC #startcampus #technewsportugal

Sensei opens the largest autonomous store in the world in Portugal - Portugal Business News Portugal news – Portuguese tech company Sensei just opened the largest autonomous store in the world in Portugal.   Sensei is currently showcasing their retail technology in New York to show what BIG really means in the biggest retail event on the planet. Portuguese game-changing technology is spreading its wings to the city that never sleeps since autonomous stores never sleep too.   In Portugal, Continente Bom Dia of MC Sonae just opened the world's largest smart store using the Sensei Smart Checkout technology with an investment of 6 million euros, of which 1.5 million were used for the implementation of Sensei technology for smart checkout, computer vision, AI algorithms and shelves with sensors.   “More than just eliminating queues, Sensei’s technology transforms the entire shopping experience and provides Continente Bom Dia with real-time data to optimize operations and increase efficiency. I am confident that this new store marks a turning point and challenges the sector to explore new possibilities, redefining the future of retail, ” stated Vasco Portugal, CEO & Co-Founder of Sensei.

Portuguese Advertising Agency LOBA awarded Partner of the Year by Zoho software - Portugal Business News Portugal news - Portuguese Advertising Agency LOBA awarded Partner of the Year by Zoho software that has over 100 million users worldwide for its sales and marketing, finance, and recruitment needs.   Portuguese Advertising Agency LOBA was selected by multinational ZOHO as "Partner of the Year 2024" among more than two dozen partners from all over Europe. The "best of the year" award was attributed to the Lobáticos of Oliveira de Azeméis.   The LOBA Business to Experience agency has just been distinguished with the award among 25 European premium partners, with criteria such as longevity of the partnership (17 years) as well as the expertise mastery of various tools allied to the quality of technical development.   Bruno Santos, Zoho Business Manager at LOBA, underlines: "This recognition is not just one achievement, it is an incentive to continue to innovate and expand our impact on the global market. The future is bright, and we are ready for more achievements, together."   The announcement of the award was made during the Global Partner Summit in Chennai, India, where the director of Zoho from LOBA was present and presented a case study.   Software development company Zoho company provides one of the most complete software ecosystems on the market. Its extensive portfolio includes customers like Amazon, Netflix or IKEA.   See more information about LOBA Click to see the LOBA online newsroom Click to Create your own Newsroom online  - Press Release Distribution Service

Lisbon’s Unicorn Factory is launching startups with 40% female founders - Portugal Business News Portugal news - Lisbon’s Unicorn Factory is launching startups with 40% female founders.   Unicorn Factory Lisboa is launching 50 startups leading innovation in Big Data/Analytics, AdTech/MarTech (Marketing Technology) & HealthTech. The year 2025 is leading towards an equal footing for gender diversity in the tech sector with 40% of startups with female founders.   Portugal’s Unicorn Factory is starting the year 2025 with 40% of startups being led by international founders with operations across 34 countries and over 9 million euros capital raised.   Portugal’s startup ecosystem has become global, diverse, and innovative, with the expectation that bold ideas will lead to the world’s next most innovative scaleups.     Here are Portugal’s Unicorn Factory Lisboa’s next most promising scaleups:   1 – 3 Dish, 2 - AB Corp, 3-Aidvize, 4- AmaRise, 5- AssetLink, 6- Bloom, 7 - Browsebuddy.ai , 8- ChatnGift, 9 - Class of Wonders, 10 - Comudel, 11- Curious Cotton, 12 - daGama, 13 - DAISEE, 14 - Davina Lab, 15 - DeepNeuronic, 16 - DocBay, 17 - DOJO AI, 18 - Dori Finance, 19 - Executive Career Coaching, 20 - Feather Media UG, 21 - FlowMaster, 22 - FREDGIL, 23 - GetSales.io , 24 - Greener Act, 25 - Gripwise Tech, 26 - Hands On, 27 - imaggine, 28 -LogisticsWMS, 29 - Make Better Teams, 30 - Match the Look, 31 - Matchlytics, 32 - Metablue Solution, 33 - Metasmile, 34 - MetricMosaic, 35 - MindMatch, 36 - MUSICAOLADO, 37 - Openi, 38 - PaxDefender, 39 - QUDO, 40 - Rede Rua, 41 - ROOTKey, 42 - Seaside Shade, 43 - Simplifyer, 44 - Snippets AI, 45 - Stacks, 46 - The After Cancer, 47 - Trybe, 48 - Unilinkr, 49 - Where is Kevin? 50 - Wonder DataLabs

Startup Portugal receives the Startup Ecosystem Awards 2025 - Portugal Business News   Portugal news – Startup Portugal just received the Startup Ecosystem Awards 2025 as Best Business Environment in Southern Europe.   Portugal ranks Best Business Environment in Southern Europe, even surpassing Spain compared to 2023, according to StartupBlink.   This recognition underscores Portugal's role as a leader in fostering startups and creating an ecosystem that drives entrepreneurship and innovation. The StartupBlink Global Startup Ecosystem Index for 2024 evaluated a comprehensive set of factors that made Portugal stand out for its attractiveness for startups.   Startup Portugal is committed to further improving Portugal’s startup ecosystem, not only for current founders but also for all those eager to join the entrepreneurial ecosystem.

Portugal launches a new Startup law on February 20, 2025 - Portugal Business News Portugal news - Portugal launches a new Startup law on February 20, 2025, that provides for a number of new incentives for startups in Portugal under Government decree n.º 49/2025/1 .   Portugal just enacted a new law for the Specific Regulation of the System of Incentives for the Competitiveness of Startups. Here are Portugal’s new startup incentives in 2025 and how to obtain Portugal’s Government support for startups:       Here are the 3 Startup Vouchers supported by Portugal’s new startup law and the eligibility criteria in 2025:     1)   Voucher Deep Tech – for startups in Portugal The amount of support to be allocated under Portugal’s Deep Tech Voucher is 60,000 € (sixty thousand euros) and the conditions to obtain Portugal’s Deep Tech Voucher are:   a)   Have obtained the «Go» result in phase 1 - Step 1 - Short Application - of the application process to the European Innovation Council Accelerator instrument -  of the Horizon Europe Programme in the 12 months preceding the date of submission of the application, including applications that have been approved through the Plug in and Fast Track mechanisms to the EIC Accelerator;   b)   Have not received funding through the following programmes: i) Pilot of the European Innovation Council Accelerator for the Horizon 2020 programme; ii) European Innovation Council Accelerator of the Horizon Europe programme; iii) Portugal 2020 and 2030, in the typology of projects Seals of Excellence of Horizon 2020 or Horizon Europe; iv) Portugal 2030 in the typology of projects Internationalization of R&D, specifically, projects that aim to support the preparation and submission of applications for R&I programs funded by the European Union;   c)   Have not received, through risk capital instruments, investment exceeding € 500,000.00 (five hundred thousand euros).     2)   Voucher Go to EIC Accelerator – for startups in Portugal The amount of support to be allocated under Portugal’s Go to EIC Accelerator Voucher is € 10,000 (ten thousand euros) and the conditions to obtain Portugal’s Go to EIC Accelerator Voucher are:   ·       The criterion of eligibility for beneficiaries is to have applications approved, from 1 January 2023, in phase 1 - Short Proposal - of the application process to the European Innovation Council Accelerator, including applications that have been approved through the Plug in and Fast Track mechanisms to the EIC Accelerator, and are eligible for submission of an application to phase 2 - Step 2 - of said instrument.     3)   Start from Knowledge program – for startups in Portugal The amount of support to be allocated under Portugal’s Start from Knowledge program Voucher is 30 000 € (thirty thousand euros) and the conditions to obtain Portugal’s Start from Knowledge program Voucher are:   The criterion of eligibility is that beneficiaries are to hold majority and management control, and the individual persons should, at the time of submission of the application, prove to be, or to have been, in the previous two calendar years, enrolled in a course of studies conferring an academic degree in any national higher education institution, or has been in the previous two calendar years, researcher or lecturer. How to obtain Portugal’s Government support for startups in 2025: In order to obtain Portugal’s Government support and incentives for startups under Portugal’s new Startup Law dated February 20, 2025, the beneficiaries are to be micro, small and medium-sized enterprises, including startups that comply with the requirements set out in Law 21/2023.   The applications to obtain Portugal’s grants and incentives for startups under the new law dated February 2025 are to be submitted through notices for submission of applications that are published on the websites of ANI - Agência Nacional de Inovação .

What e-commerce products sell the most online in Europe? - Portugal Business News Europe business news – What e-commerce products sell the most online in Europe? 77% of internet users in Europe bought goods or services online in 2024, increasing by 59% between 2014 and 2024, marking a 17 percentage point (pp) rise, according to Eurostat. The European countries that buy the most online are Ireland (96%), the Netherlands (94%) and Denmark (91%). The European countries that buy the least online are Bulgaria (57%), Italy (60%) and Romania (60%). However, from 2014 to 2024, significant growth in online sales was observed in Romania (+43 pp, from 17% to 60%), Hungary (+37 pp, 42% to 79%), and Lithuania (+36 pp, 36% to 72%). What e-commerce products sell the most online in Europe? Here is the chart showing the ranking of e-commerce products that sell the most in Europe according to figures for the last three months of 2024, showing the online products that are trending in 2025: What e-commerce products sell the most online in Europe? - Portugal Business News In Europe, e-commerce figures show that the most frequently purchased goods online in 2024 were: 1) clothing (including sportswear), shoes and accessories, with 45% of people making these purchases in the previous 3 months. 2) Food deliveries from restaurants, fast-food chains and catering services (21%), 3) Cosmetics and wellness products (20%), 4) Furniture and home accessories or gardening items (19%). 5) Sports equipment (excluding sportswear), printed books, magazines, newspapers, and health supplements like vitamins (excluding online prescription renewals), each with a 16% share.

Top 10 best countries with the highest standards for startups in Europe - Portugal Business News Europe business news – Here is the ranking of the best countries in Europe with the highest standards for startups, according to the Startup Nations Standards (SNS) report by Europe Startup Nations Alliance. The Startup Nations Standard Report 2024 reveals an average of 61% for the implementation rate of startup-friendly policies across Europe, while 14 countries surpass the overall average. The countries with access to finance and tax incentives for Business Angels perform better in the ranking of the best countries for startups. Countries with the highest standards for startups in Europe - Portugal Business News Top 10 best countries with the highest standards for startups in Europe 1- France France is the European country with the highest score for the implementation of standards for startups, with 93% that is well above the European average of 61%. This score rises from 87% in 2023. 2 - Spain Spain is the European country with the second highest score for the implementation of standards for startups with 91%, rising from 87% in 2023. 3 - Lithuania Lithuania is the European country with the third highest score for the implementation of standards for startups with 82%, rising from 65% in 2023. 4 - Belgium Belgium is the European country with the fourth highest score for the implementation of standards for startups with 74%, rising from 70% in 2023. 5 - Malta Malta is the European country with the fifth highest score for the implementation of standards for startups with 73%. 6 - Ukraine Ukraine is the European country with the sixth highest score for the implementation of standards for startups with 73%. 7 - Portugal Portugal is the European country with the seventh highest score for the implementation of standards for startups with 70%, rising from 61% in 2023. Portugal performs best on the following standards: Stock Options, Access to Finance, and Digital First. 8 - Romania Romania is the European country with the eighth highest score for the implementation of standards for startups with 68%, rising from 60% in 2023. 9 - Germany Germany is the European country with the ninth highest score for the implementation of standards for startups with 67%. 10 - Estonia Estonia is the European country with the tenth highest score for the implementation of standards for startups with 66%, rising from 63% in 2023.

Portuguese startup raises USD 750,000 to produce drones to deliver medicine to developing countries - Portugal Business News Portugal news - Portuguese startup Storming Universe raised USD 750,000 to produce drones to deliver medicine to developing countries and remote areas.   The Portuguese startup ecosystem is thriving and tech startup Storming Universe, a spin-off of the Faculty of Engineering of the University of Porto, raised seed investment to develop drone technology for the transport of merchandise.   Storming Universe produced innovative low-cost drone technology that was developed by the CEO, Nepalese researcher Anuj Regmi. The new technology will make it possible to tackle a significant barrier to democratizing access to medical care across long distances globally.   Following a successful test mission to deliver medicines in Nepal, the Portuguese drone startup plans to deliver medicines to remote areas of Nepal at altitudes above 5,000 meters. In a country where lives are often lost due to impassable roads and delayed medical care, the Amma project, which means “mother” in Nepali is a beacon of hope.    The drones developed by Storming Universe have the capability to connect Madrid to the Azores within five hours while carrying up to 500 kg of cargo. Cargo drones represent the future of merchandise transport connecting even the most remote areas. #portugalnews #newstechstartupsportugal #dronesmadeinportugal #dronestocarrymerchandise #StrormingUniverse

Portuguese deep tech startup raises 1.5 million seed capital - Portugal Business News Portugal news - Portuguese deep tech startup Bandora just raised 1.5 million seed capital.   Deep tech startup Bandora, that is headquartered in Porto, uses AI to reprogram Building Automation Systems and improve the energy management of buildings.   Tech startup Bandora has just completed a seed investment round raising 1.5 million euros, led by BlueCrow Capital with Portuguese public venture capital firm Portugal Ventures.  With this new investment round, the amount raised from private venture capital funds by startup Bandora reaches 1.6 million euros.   Bandora, that was incubated at UPTECH, aims to multiply its turnover by 10 times in 2024 and is hiring to increase its number of employees from 12 to 23.  The company already employs a team of AI experts who worked on the research and development of tech solutions for ​​Building energy simulation, automation and control.   Deep tech startup Bandora, that enables the digital transformation of buildings by making them 100% autonomous, already has a presence in Portugal, Spain, the United Arab Emirates and Brazil.  The company intends to increase its export markets with a development strategy that involves optimizing 600 buildings and expanding to new markets in Europe and Latin America, including the Dominican Republic and Colombia. To increase this reach, the startup plans to create the Bandora Academy for partners, agents and resellers who are interested in selling Bandora solutions to their end customers.   Portuguese deeptech startup Bandora won the local phase of the Zurich Innovation Championship in April 2024, a competition that had 3,300 entries worldwide. By improving energy efficiency levels in buildings, Bandora will be contributing to a more sustainable environment. #portugalnews #newsportugal #buildingenergyefficiencysolutions #startupnewsportugal #deeptechstartupsportugal #investmentnewsportugal #Bandora #UPTECH #PortugalVentures #BlueCrowCapital #ZurichInnovationChampionship

Portugal announces 100-million-euro fund to invest in deep tech startups - Portugal Business Newsn Portugal News – During the Web Summit 2024 in Lisbon, Portugal announced a 100-million-euro fund to invest in deep tech startups, stating that the fund would be 50% public and 50% private, while the European Investment Fund also announced an investment of €90 million in 3 Portuguese VCs.   Together with its new 100-million-euro deep-tech fund, Portugal’s Prime Minister also announced the launch of the first Large Language Model (LLM) in Portuguese, that are both scheduled for early 2025.  This new AI tool will revolutionize education, facilitate access to public services and support companies to innovate in Portuguese.   Deep Tech is one of the biggest VC investment categories in Europe, growing at a rapid rate . In 2023, over $16 billion in venture capital was invested in Deep Tech startups in Europe, according to Dealroom.  Deep Tech encompasses many industries, from Health & Tech-Bio to SaaS, AI, Space and Robotics. Deep Tech startups develop technology based on tangible engineering innovation or scientific advances and discoveries that are applied for the first time as a product.   According to Dealroom, Deep Tech startups can often target applications in multiple markets and, unlike traditional startups, have a stronger moat towards competition thanks to technology edge and IP portfolio. Deep Tech startups can also generate higher ROI thanks to lower initial valuations and high attractiveness as acquisition targets.   Switzerland’s tech ecosystem is the most focused on Deep Tech in Europe, followed by Sweden, France, Finland and Norway. In Portugal, 13% of total VC investment went into Deep Tech between 2018-2023.   Here is the ranking of European countries investing in Deep Tech: Ranking of European countries investing in Deep Tech - Portugal Business News During the Web Summit 2024 in Lisbon, further investment from the European Investment Fund was also announced, for a total value of €90 million to be channeled to three Portuguese venture capital funds, namely Armilar, Faber and 33N. Ultimately, these funds are expected to generate more than €400 million for the European venture capital ecosystem to accelerate the growth of startups, namely in the areas of AI, cybersecurity and machine learning. #portugalnews #portugalinvestmentnews #technewsportugal #fundstoinvestindeeptechstartups # europeaninvestmentfundinvestmentsinportuguesevcs #EIF #r ankingofeuropeancountriesinvestingindeeptech