we love startups that work silently and non-stop to deliver the most impactful solutions to the market;
We’re here! First startups coming
Kickoff 1st Acceleration Program
We’re now 36 startups!
200+ training hours, 18 mentors
Kickoff 2nd Acceleration Program
We’re now 50 startups!
2015 USA Roadshow
We’re now 62 startups!
€6,5M in funding, 200+ jobs, 400+ training hours, 2300+ event participants.
Kickoff 3rd Acceleration Program
Startup Nano Launch
School of CEO's Launch
Kickoff 4th Acceleration Program
These first years have been insane. Insanely good, we mean. And after taking a look into the biggest numbers, shouldn’t we reflect a little on what’s going on here?
It’s rather curious to notice the average age of our founders. Forget about that old idea of those dropout millennials: we’re talking about many grown-up people with professional experience who have decided to start their own projects.
When it comes to sales, we’ve noticed that 55% of our startups are actually selling. We know it’s not the totality of them but it’s easily understandable if you think of two major factors: firstly, the specificities of the industries (highly regulated markets, highly demanding product development translating in longer time to market than the usual); secondly, it’s important to be aware of the average lifetime of the startups in our community: 15 months, to be precise. They are aged between 0 and 3 years and so the presented figures show how outstandingly well things have been working out - more than half of them are already selling, showing the importance of early sales as the project’s proof-of-concept, so to speak.
53% of all our startups’ sales are dedicated to exportation. In a relatively small country like Portugal - with only 10 million inhabitants - young managers believe that exporting is the best way of expanding their startups’ revenue. 42% of our startups are already selling abroad and 20% of them are almost totally focused on external markets (admitting 90 - 100% of sales in foreign markets).
As the volume of exports increase, there is often a necessity for startups to expand their physical presence abroad – either by moving their headquarters or simply by creating a new office outside Portugal. 23% of our startups are present outside of our country, taking the entrepreneurial Portuguese movement to the next level.
Talking about funding, since May 2014, 67% of our startups were able to raise almost €14M (mostly from the private sector, and a bit from the State/EU). This means that part of the investment has been translated into 368 new jobs whether as founders or workers, with a 6 people average per startup in our community.
Lastly, acceleration has proven to be one of Startup Braga’s most valuable contributes to the ecosystem. We can’t miss the facts: startups which took part of it show higher revenue, investment and more created jobs. Hence, three years later and after four editions, we are sure that we will continue to do our best in order to deliver acceleration programs focusing on growth, on sales and on a global mindset.