4th edition of Call INNOV-ID

The 4th edition of Call INNOV-ID in partnership with ANI – National Innovation Agency, intends to promote access to venture capital financing for scientific and technological projects, in the Pre -Seed, Seed or Early-Stage, which have developed technology, but are still in prototype phase, proof of concept or in validation product-market-fit com potential for growth and scalability in the global market.

These investments through Call INNOV-ID aim to finance companies at an early stage, so that they have runway necessary to reach phases of greater development that allow them to raise new rounds of capital.

projects and respective solutions must contribute, directly or indirectly, to one of these axes:

• decarbonization of the economy;
• sustainability of processes, products and materials;
• energy efficiency and sustainability;
• circularity of the economy.

Portugal Ventures will invest 100 thousand euros per project.

Applications are open until November 22nd.

Projects in the sectors are eligible:

• Digital & Technology;
• Industry & Technology, preferably, in the Energy Efficiency, Decarbonization, Sustainability and Circular Economy sector;
• Health & Technology;
• Technological Tourism.

Fundamental Conditions:

1. Established companies that meet the following criteria are eligible:

a) That contribute, directly or indirectly, to the decarbonization of the economy, sustainability of processes, products and materials, greater energy efficiency and sustainability or greater circularity of the economy (mandatory condition);

b) Technology-based companies resulting from proven technology transfer processes from entities of the national scientific and technological system that fulfill at least one of the following items:

i) that result from scientific, technological or academic research and development projects, developed within Higher Education Institutions or Technological Interface Centers (which include, in particular, Technological Centers, Science and Technology Parks, technology-based Incubators or Incubators that have connection to Higher Education Institutions, or Technological Interface Centers);

ii) who have had recognition of suitability in the practice of R&D activities by ANI;

iii) who are beneficiaries of incentives managed by ANI;

iv) that are promoted or that employ highly qualified human resources;

c) Companies that have not yet been invested in by other Venture Capital operators (mandatory condition);

d) Companies founded less than 8 years ago (mandatory condition);

e) Companies with headquarters and the majority of their operations in Portugal (mandatory condition);

f) Companies with no debts to the Tax Authority and Social Security at the date of application (mandatory condition);

g) Public limited or limited companies (mandatory condition);

h) Companies without subordinate relations of dominance or control, direct or indirect, by large companies (mandatory condition);

2. Companies not yet incorporatedmust comply with the provisions of point 1.a) and b).

Application Process:

• The submission of the application must be made, exclusively, through one of the entities of the Ignition Partners Network of Portugal Ventures, such as Inovagaia.
• Any questions or requests for additional information should be sent by email to: inova@inovagaia.pt