Portugal is becoming a European tech hub for various reasons, including government support for the technology sector, a highly educated workforce, a growing ecosystem of technology companies, a low cost of living and high quality of life, and an emerging artificial intelligence (AI) ecosystem.

One of the main reasons for Portugal’s emergence as a tech hub is the government’s investment in technology and startup companies. The government has implemented policies and programs to support the growth of the technology sector, such as tax incentives for startups, funding for research and development, and the establishment of technology parks and incubators. This has helped to create a supportive environment for the development of new technologies and businesses.

Another key factor is the country’s highly educated workforce. Portugal has a high percentage of university-educated individuals, many of whom are fluent in multiple languages, making the country an attractive destination for international companies looking to expand their operations. This skilled workforce has helped to attract major international companies such as Google, Microsoft, and Amazon, which have established research and development centres in the country.

The country’s low cost of living and high quality of life also makes it an attractive place for technology professionals to live and work. This has led to the growth of a vibrant start-up community and an influx of international talent. This has helped to create a diverse and dynamic environment for innovation, which has been key to the growth of the technology sector.

In recent years, Portugal has also been making a name for itself in the field of artificial intelligence and machine learning. The government has invested heavily in research and development in these areas, and there are now several universities and research institutions in the country working on cutting-edge AI technologies. This has helped to establish the country as a leader in this field and has attracted international investors and companies to the region.

The Portuguese government also established the “Portugal Tech” initiative to promote the country as a destination for innovation and technology. The initiative aims to increase the visibility of the country on the international stage and to attract international investors and companies to the country. This initiative has been successful in promoting the country’s technology sector and has helped to attract major international companies such as Google, Microsoft, and Amazon, which have established research and development centres in the country.

In addition to the government’s efforts, the private sector has also played a key role in the growth of the technology sector in Portugal. The country has a growing ecosystem of technology companies, including start-ups, scaleups, and large corporations. This has helped to create a diverse and dynamic environment for innovation, which has been key to the growth of the technology sector.

Furthermore, the country has a (slowly increasing) tradition of entrepreneurship, which has helped to create a culture of innovation and risk-taking. This culture has helped to create a supportive environment for the development of new technologies and businesses and has helped to attract international talent to the country.

In conclusion, Portugal’s emergence as a European tech hub is the result of a combination of factors, including government support for the technology sector, a highly educated workforce, a growing ecosystem of technology companies, a low cost of living and high quality of life, and an emerging artificial intelligence ecosystem. These factors have helped to create a supportive environment for the development of new technologies and businesses and have helped to attract international talent and investment to the country.

Rodrigo Forjaz de Brito Manager at AdvanceWorks, has 7 years of experience in Sales and Management Roles focused on People and Results is involved in every aspect of AdvanceWorks Business.