Portugal and Israel Drive Innovation
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Portugal and Israel, both constrained by modest domestic markets, drive their startups to scale internationally from inception. Portugal’s technology sector now contributes 10% of GDP, with more than 4,700 startups generating about EUR 2.6 billion in revenues, 58% from exports. Government measures, such as a flat 20% income tax for up to 10 years, strengthen its appeal to founders and investors.
Cross-border collaboration is accelerating through initiatives like the CoimbraTech Challenge, which gives Israeli companies rapid access to European markets. Together, Portugal and Israel are positioning themselves as dynamic, globally connected innovation hubs.
Read more in Calcalist.
