Announced on Monday was a €300 million boost to keep encouraging tech start-ups to Portugal.

Startup Portugal + is focused on coinvestment programmes “between the State and foreign investors”, and hopes to see the sector mushroom.

In the last two years, the “national entrepreneurial ecosystem” has won vital “external visibility”, said economy minister Manuel Caldeira Cabral, the net result being that Portugal is now on the investment map of large multinationals.