Portuguese Business Angels award the best startups of the year

Published on 04/06/2019
Portugal

The 3rd edition of the Spring Investment Dinner was held in Lisbon last May 23rd. Organised by the Portuguese Business Angels Association (APBA), the event brought together the community of investors in the country, who could discuss about the investment landscape in Portugal, and it also served to award the most innovative startup and the personality of the year 2018.

The innovative audio software Sound Particles won the ‘High Impact Startup’" award. Founded in 2016, this startup applies graphics computing concepts to sound. As proof of its impact, it was nominated for the prestigious Cinema Audio Society awards and was one of the finalists for the Academy's scientific awards in 2018.

Jaime Esteves from PwC presented José Neves, founder and CEO of Farfetch, who was awarded "Personality of the Year" for his proactivity in supporting and developing the entrepreneurial ecosystem in Portugal during 2018.

For the first time, a prize was awarded to the best operation involving the 200M fund and the Fund for Social Innovation (FIS), a distinction that was given to 360 imprimir.

APBA also took the opportunity to present the Early Stage Investing Launchpad. Teresa Valente, General Secretary of APBA and the ESIL Local Leader for Portugal, explained the different activities focused on creating opportunities for cross-border investment, training and support for investors and increasing the number of women investors. These actions had already more than 440 participants in Portugal and 4000 in Europe.

The event also served to discuss the intersection trend in investment in Portugal, in other words, the expansion of the areas of activity of the different players, such as accelerators, incubators, business angels or venture capitalists, in a value chain. This panel was attended by Gonçalo de Vasconcelos, co-founder and CEO of Syndicate Room, Hugo Augusto, director of Techstars Lisboa, Daniel Nascimento of EDP Inovação, and Cristina Fonseca of Indico Capital Partners, moderated by Francisco Ferreira Pinto, partner of Busy Angels.

João Trigo da Roza, president of APBA, stated that "this event was an opportunity to analyze the current panorama of this sector and what its future in Portugal and Europe is. We believe that this dynamic allows us to encourage dialogue on issues relevant to investors and startups, thus supporting the sector's sustainable development, as well as honoring those who innovate and contribute to the growth of the ecosystem."