Portugal´s Recovery and Resilience Plan
2026-09-01recuperarportugal.gov.pt
Overview
What they do
The Recovery and Resilience Plan (PRR) is Portugal's implementation of the EU's NextGenerationEU mechanism. Managed by the "Estrutura de Missão Recuperar Portugal", the fund aims to trigger structural transformation across three dimensions: Resilience, Climate Transition, and Digital Transition. Rather than acting as a traditional VC, the PRR deploys capital through a hybrid model: it distributes direct non-dilutive grants (such as €30k Startup Vouchers) via agencies like Startup Portugal and IAPMEI, while simultaneously acting as the largest LP in the country by channeling €1.425 billion through the Banco Português de Fomento (BPF) to back local VC funds and co-invest directly in strategic companies.
recuperarportugal.gov.pt
What they look for
The PRR aims to prepare Portugal for the future by implementing reforms and investments that restore sustained economic growth, increase the competitiveness of the business fabric, and accelerate the country's climate and digital transitions.
recuperarportugal.gov.pt
Stage
Pre-seed, Seed, Series A, Series B+
recuperarportugal.gov.pt
Sectors
Climate, SaaS, AI, Deeptech, Healthcare, Food and agriculture
recuperarportugal.gov.pt
Based
Lisbon, PT
recuperarportugal.gov.pt
Sources
2026-09-01recuperarportugal.gov.ptO Plano de Recuperação e Resiliência é um programa de âmbito nacional que vai implementar um…
2026-09-01recuperarportugal.gov.ptFernando Alfaiate, Presidente da Estrutura de Missão Recuperar Portugal
Portfolio, cheque size and the rest
The companies they have backed, the cheque they write, and whether they are deploying right now.
Start free, no cardFree accounts see every record.