• Financing has a hybrid format: a non-refundable and a refundable component. The refundable component is granted under the incentive system, and the refundable component is granted through a bank loan, not entailing the payment of interest or other fees.
• Support is given to activities with high added value, i.e.: creation of companies with qualified human resources, companies that develop activities in sectors with strong growth dynamics and or sectors with higher technology and knowledge intensity, or companies that value the application of R&D – Research and Development results in the production of new goods and services.
• Individual projects of Qualified and Creative Entrepreneurship, resulting in the creation of a new establishment (no. 49 of Article 2 of Regulation (EU) No. 651/2014 of June 16) are eligible for support, in the following typologies:
• Creation of companies that operate in sectors with strong growth dynamics, including those integrated in creative and cultural industries, and or sectors with higher technology and knowledge intensity.
• Creation of companies that value R&D results in the production of new goods and services.

The incentive is available to small and medium-sized enterprises (SMEs) of any nature and under any legal form that have been established for less than two years.

• 550% of the total value through a non-refundable subsidy, to be granted under the Entrepreneurship Incentive System (Sistema de Incentivos ao Empreendedorismo). 
• 50% of the total value through reimbursable subsidy. 

The base rate can be increased by various surcharges up to a maximum value of 75%. 

Portugal 2020 

The latest notice for this measure was No. 09/SI/2020 SI Entrepreneurship Qualified and Creative, which you can consult for future application purposes, with the possibility of future notices being published with changes.

• Managing Authority: COMPETE 2020
• Tourism Sector: Turismo de Portugal
• Remaining sectors: IAPMEI – Agência para a Competitividade e Inovação