Angra do Heroísmo municipality’s local business incubator StartUp Angra, which recently celebrated its seventh anniversary, has a 70 percent success rate.
At the 7th anniversary celebrations, a summary of a study was presented, drawn up by a scholarship holder from Angra do Heroísmo City Council, Margarida Silva, a student in the Management course at the University of Algarve, which found that, since 2020, 109 projects have signed incubation contracts with StartUp Angra.
Of these, there were 22 in 2020, 35 in 2021, 16 in 2022, 23 in 2023 and 13 in 2024.
Of all the projects that received support from the business incubator, 14 of the 22 from 2020, 23 from 2021, 12 from 2022, 15 from 2023, and 12 of the applications incubated and supported by the incubator in 2024 are still active each year.
In this way, it has been confirmed that, in the last five years of operation, accounting for the 109 incubated projects, 77 business projects are still in operation, which demonstrates a success rate of 70 percent for the projects incubated at StartUp Angra.

Projects that apply to StartUp Angra are offered a series of technical services to support entrepreneurship during the initial phase of business development, to create, stabilize and boost these companies.
With a focus on the business start-up phase, they benefit from support in setting up the company, promoting entrepreneurial culture, training the entrepreneur, developing the business idea and company project, drawing up the business plan, and monitoring the idea/project, among others.

The support provided by StartUp Angra to emerging companies in the incubator has a maximum term of three years.
The 7th-anniversary celebrations took place in the Angra incubator building, with the participation of Nuno Martins, who gave a presentation on “Creating value in the economy”.
As a tribute, souvenirs were also given to the companies that have recently ended their connection with the incubator or will do so by the end of this year.
The companies/projects honored were Ponto V, Rollafilm, EtCetera for Families, Gestinazor, Agência Pula, and Next Software.
These business projects have created 18 jobs, in addition to their promoters, and are therefore considered success stories for Startup Angra.
The municipality of Angra do Heroísmo intends to “continue the work carried out to foster entrepreneurship and support the local economic fabric, by encouraging the creation of companies or self-employment”.

in Diário Inuslar-José Lourenço-director

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