Economy

Startup incubated in UPTEC raises five million euros in pre-seed funding

The startup incubated in UPTEC, Coverflex managed to secure the biggest investment round ever during the pre-seed funding, which is an early funding round in which investors provide a startup business with capital to develop its product. One of the goals of such project is to “change the way companies and workers view compensations beyond salaries”, as well as “increasing team retention”, writes Dinheiro Vivo, quoting coverflex’s news release.

Retailers celebrate Mother’s Day with customised gifts and treats

Mother’s Day is just around the corner; the date is marked on 2nd May and Porto City Hall is launching a campaign to support retail trading celebrate the date with customised gifts and treats, such as postcards, cards and customised wrappings that are also crosswords.

Payment exemption of fixed water tariffs to companies and local trade approved by the Municipal Assembly

The Municipal Assembly of Porto approved unanimously the new exceptional support measure to non-household customers regarding exemption from payment of fixed water tariffs, sanitation and urban waste management invoiced in the first quarter of this year. The catering industry and local trade suffered a sharp reduction of their revenues due to the ongoing pandemic.

They said it, and we agree: “Youth is not wasted on the young”, especially if they are from Porto, we add

These are the times for the digital-first generation to affirm their optimism in the future and to “reimagine” how society will look like from now on, mostly because of Covid-19 and the resulting consequences worldwide. Young entrepreneurs in Porto have a say in this amazing new world, namely Carlos Lei Santos and Frederico Carpinteiro, who are from Porto and have been shortlisted to the Forbes 30 Under 30 Europe 2021.

Open Call funding of 70 thousand euros available for boosting the city’s entrepreneurial ecosystem

The 5th edition of the ScaleUp Porto Open Call is fully innovation, technology and entrepreneurship driven and there are 70 thousand euros to fund related activities in Porto. Applications are open until 7th May.

Boavista is home to a residential and retail building project of 28 million euros

The guidelines of the City’s General Plan (PDM) determine that what once was the site of the Fibra Comercial Lusitana Factory and a wannabe luxury building will now accommodate a residential and retail building project in the Foco area, next to the Avenida da Boavista.

“Confiança Porto” municipal programme supports tourist accommodation managers

The municipal programme “Confiança Porto” aims to help owners and managers of tourist accommodations to overcome difficulties related to the paradigm shift in the tourism sector and stimulate the renewable economy/paradigm.