Startup Madeira
Startup Madeira is a public-backed regional business incubator and entrepreneurship promoter in Funchal, Madeira, offering physical/virtual office rentals, ideation-to-acceleration programs, and EU-funded startup support to founders, SMEs, students, and tech employers in the Autonomous Region of Madeira.
- Company typePrivate
- Founded1997
- HeadquartersFunchal, Portugal
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Startup Madeira does
Startup Madeira is a public-backed regional business incubator and entrepreneurship promotion organization headquartered at Madeira Tecnopolo in Funchal, Autonomous Region of Madeira, Portugal. The legal entity is "Startup Madeira – more than ideas, Lda." (a Portuguese sociedade por quotas), tracing its origins to 1997 under the name CEIM and rebranded to its current identity in August 2016. The organization operates a layered service stack: physical incubation (€13/m²/month), co-working (€80/month), and virtual office (€45/month) for founders and SMEs; a structured ideation-to-acceleration program pipeline (rs4E for schools aged 6-25, Oficina do Empreendedor, Oficina de Startups, startWEB, startNOW, NXT Step Entrepreneurs); sectoral programs such as Requalificar +Digital (reskilling in .NET and Fullstack OpenSource with 87.88% prior-edition employability) and the Madeira Innovation Challenge (digital transition + circular economy); plus referral services to venture capital (Portugal Ventures, Indico Capital), public financing (IDE, IEM, SRA), and Industrial Property support via INPI.
The underlying technology is service-oriented rather than product-oriented: a WordPress-based multilingual website with a customer login portal and downloadable application forms, supplemented by an online learning platform used for the Requalificar +Digital .NET curriculum. The organization does not develop proprietary software. Its core "platform" is the physical and programmatic infrastructure — the incubator facility at Penteada, the Rede de Mentores & Investidores network, and the program pipeline — backed by co-financed EU/regional funding cycles (Madeira 14-20 / Madeira +e concluded at €1.27M total eligible cost; start2030 under Madeira 2030 active from 2025; plus INTERREG MAC projects DigiMAC 2020 and InsertaTIC extending services into Macaronesia and West Africa).
The business model blends fee-based recurring revenue (office and virtual office rentals) with substantial public co-financing from FEDER, INTERREG MAC, PRR, Erasmus for Young Entrepreneurs, and the Governo Regional da Madeira. Programs are predominantly free or low-cost to participants because they are publicly subsidized. Customers span aspiring entrepreneurs, school-age students, regional SMEs up to five years old, regional tech employers (talent pipeline), high-growth-potential VC-eligible startups, and Digital Nomads — with the operational reach concentrated in Madeira but extending to mainland Portugal, Canary Islands, Senegal, and Mauritania through cross-border consortia. Leadership is provided by Patrícia Dantas de Caires as President of the Management Board, with Patricia's predecessor-era claim of national 'Startup Incubator of the Year' recognition (2015) anchoring institutional credibility.
Startup Madeira firmographics
Firmographics- Name
- Startup Madeira
- Legal name
- Startup Madeira – more than ideas, Lda.
- Website
- https://startupmadeira.eu
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Startup Madeira is a public-backed regional business incubator and entrepreneurship promoter in Funchal, Madeira, offering physical/virtual office rentals, ideation-to-acceleration programs, and EU-funded startup support to founders, SMEs, students, and tech employers in the Autonomous Region of Madeira.
- Ownership category
- akta.pro rank
Startup Madeira industry classification
Industry- Product category
- Business Incubation Services
- NAICS
- Other Similar Organizations (except Business, Professional, Labor, and Political Organizations) (81399)
- akta.pro primary industry
- Youth Business Incubators & Accelerators (EDAMAHAC)
Keywords
Where Startup Madeira is headquartered
LocationHeadquarters
- HQ city
- Funchal
- HQ country
- Portugal
- HQ region
- Europe
Offices1 record
Markets served
Startup Madeira business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Physical incubation rental: Recurring monthly rental revenue from 'Incubação Física' service priced at €13/m² (plus VAT), providing tenants with private offices, 24/7 building access, internet, 5 hours of meeting room use, shared support room, telephone answering, message taking, client reception, mail management, maintenance, cleaning, and electricity (within a variable plafond). Activation requires 1 month upfront + 2 months deposit.
- Co-Work space rental: Recurring monthly rental revenue from 'Espaço Co-Work' service priced at €80/month (plus VAT), providing a shared workstation in the incubator with 24/7 access, internet, 5 hours meeting room time, shared support room, telephone answering, mail management, client reception, maintenance and cleaning. Activation requires 1 month upfront + 2 months deposit.
- Virtual office service: Recurring monthly revenue from 'Escritório Virtual' service priced at €45/month (plus VAT), providing entrepreneurs with a commercial address at Funchal headquarters without the cost of a physical office, plus access to common facilities, internet, and 5 hours of meeting room use. Available only with the 'Virtual' registered address in Funchal.
- European & regional co-financing grants: Significant revenue stream from co-financed projects. The Madeira +e project (FEDER / Madeira 14-20 / Portugal 2020) had a total eligible cost of €1,270,055.36 with EU support of €1,095,386.57. Additional projects include DigiMAC 2020 (INTERREG MAC 14-20), InsertaTIC (FEDER + INTERREG MAC 14-20), Madeira Innovation Challenge (PRR / Plano de Recuperação e Resiliência), start2030 (Madeira 2030), and Erasmus for Young Entrepreneurs (EU Commission). These grants fund operations, programs, and innovation support activities.
- Prize/award funding for winners: One-time prize support channeled through programs such as startWEB, where winning teams can receive support exceeding €15,000 to implement new web-based ideas. The organization acts as an intermediary passing through public/EU-backed prize money to program winners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Physical Incubation (Incubação Física): private office space at €13/m²/month with full reception, meeting rooms and administrative support |
| Subscription | Monthly | Co-Work: shared workstation at €80/month with reception and meeting room access |
| Subscription | Monthly | Virtual Office (Escritório Virtual): Funchal commercial address at €45/month without physical office |
| Freemium | Pay-as-you-go | Entrepreneur Workshop (Oficina do Empreendedor): free ideation program, €20 refundable deposit |
| Freemium | Multi-year contract | Requalificar +Digital .NET course: free 8-month programming reskilling program |
| Outcome Based/ Performance | Pay-as-you-go | startWEB acceleration: free competition with prizes over €15,000 for winners |
| Other | Pay-as-you-go | Startup Workshop (Oficina de Startups): free program with €50 refundable deposit per company/team |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels10 records
Startup Madeira product offering
Product offeringCore offering
Startup Madeira is a regional business incubator and entrepreneurship promotion organization that sells physical incubation offices (Incubação Física), co-working workstations (Espaço Co-Work), and virtual office services (Escritório Virtual) at Madeira Tecnopolo in Funchal, alongside a portfolio of ideation, acceleration, mentoring, and reskilling programs for early-stage entrepreneurs, SMEs, students, and regional tech companies. The company also acts as an intermediation layer connecting eligible companies with venture capital and public financing partners in the Madeira region.
Differentiator
Problem solved
Functional benefit
Products and services
- Incubação Física (Physical Incubation) Dynamic business-incubation service providing private and shared physical spaces inside the incubator at Madeira Tecnopolo. Includes a commercial address, 24/7 building access, private office, internet, printing allowance, 5h of meeting-room usage, shared support room, telephone answering, message taking, client reception, correspondence management, maintenance and cleaning, and electricity (within a variable plafond). Priced at €13/m² per month subject to availability and target early-stage entrepreneurs and SMEs requiring office infrastructure in Funchal, Madeira.
- Espaço Co-Work (Co-Work Space) Shared-workspace solution inside the incubator that lets entrepreneurs rent a workstation, reducing initial project-implementation costs. Includes a commercial address, 24/7 building access, shared office, internet, printing allowance, 5h meeting-room time, shared support room, telephone answering, message taking, client reception, correspondence management, maintenance/cleaning, and electricity. Priced at €80/month subject to availability; targets early-stage entrepreneurs and micro-businesses that need a workspace but not a private office.
- Escritório Virtual (Virtual Office) Provides a commercial address at the Funchal headquarters without the costs of a physical office, plus access to common facilities, Wi-Fi internet, printing allowance, 5h of meeting-room time, shared support room, telephone answering, message taking, client reception, correspondence management, maintenance/cleaning, and electricity. Priced at €45/month subject to availability and only available with the 'Virtual' registered address of the Funchal headquarters. Targets founders who need a registered business address without leasing a physical office.
- startNOW Startup accelerator program run by Startup Madeira. The 7th edition opened for registrations on 1 June 2026. Targets early-stage founders seeking structured acceleration support, mentoring, and ecosystem connections in the Madeira region.
- startWEB Talent-hunt competition across programming, design, IT, and management aimed at innovative web-based ideas (new software, games, applications, online sales platforms). Winning teams can receive support exceeding €15,000 to implement their idea. Targets developers, designers, and web entrepreneurs in Madeira.
- rs4e — Road Show for Entrepreneurship School-based entrepreneurship awareness program that introduces students aged 6–25 in Madeira and Porto Santo to entrepreneurship through 'learning by doing'. Activities are tailored to age and delivered across elementary, secondary, vocational, and higher-education institutions. Targets students and education administrators.
- Oficina do Empreendedor (Entrepreneur Workshop) Mentoring and capacity-building program stimulating entrepreneurship by helping aspiring entrepreneurs acquire basic business knowledge and turning ideas into business opportunities. Free to attend (subject to a €20 refundable deposit); limited to 50 participants per edition. Co-financed by FEDER through Madeira 14-20 / Portugal 2020 under the Madeira +e project. Targets aspiring entrepreneurs aged 18+ with a business idea.
- Oficina de Startups (Startup Workshop) Mentoring and capacity-building program for new companies (up to 3 years) and entrepreneur teams implementing business ideas. Covers Business Model Innovation, Customer Development, Startup finances, and Leadership/Talent Management. Limited to 12 companies/teams with up to 5 participants each; €50 refundable deposit per company/team. Co-financed by FEDER. Targets early-stage companies and entrepreneur teams.
- Oficina do Empreendedor Digital (Digital Entrepreneur Workshop) Online mentoring program covering digital launches, personas, content, online advertising, landing pages, and email structures, with thematic mentorship groups (Traditional Businesses, Online Stores, Online Services, Digital Influencers). Limited to 100 participants per edition. Co-financed by Madeira 14-20 under Madeira +e. Targets current and potential digital entrepreneurs implementing ideas or businesses from Madeira.
- NXT Step Entrepreneurs One-to-one mentoring program delivered inside the participating company, designed to accelerate processes and increase maturity of regional companies up to 5 years old. Includes a diagnostic phase and an intervention plan of up to 4 sessions. Co-financed by Madeira 14-20 under Madeira +e. Targets regional SMEs with product/service ready for commercialization.
- Madeira Innovation Challenge (MIC) Customized consultancy program supporting up to 10 SMEs in their digital transition toward environmental sustainability, aligned with the Smart Islands Hub's axes on circular economy, environment/sustainability, and energy. Combines a Think Tank (14–15 June 2023) and Hands On (20 June 2023) sessions. Co-financed by Portugal's PRR under TD-C16-I03, measure 013 – 'Digital Innovation Hubs'. Delivered with Ana Umbelino (MindSurfing) and José Soutelinho. Targets regional SMEs needing digital transition support.
- Requalificar +DIGITAL Reskilling program run by Startup Madeira, Secretaria Regional da Economia, and Universidade da Madeira that requalifies working-age people with higher-education degrees into programming. Two 8-month courses: .NET (C# / ASP.NET Core) and Fullstack OpenSource (PHP/JavaScript). 5 months classroom + 3 months curricular internship at partner companies. Certificate issued by UMa. Partner companies include Anturio, INSC, Unipartner Madeira, ACIN, Nearsoft Solutions, See Health, WOW Systems, and XIS Group. Targets degree-holders seeking programming careers and regional tech SMEs needing talent.
- InsertaTIC INTERREG MAC 14-20 project promoting knowledge transfer from research centers to SMEs in the Macaronesia region, using recently graduated professionals and ICT. Includes an online learning platform covering customer service, marketing, complaints management, and ICT skills (operating computers, spreadsheets, word processing, internet use). Co-financed by FEDER and INTERREG MAC 2014-2020. Targets SMEs in Canarias, Madeira, Senegal, and Mauritania.
- DigiMAC 2020 INTERREG MAC 14-20 cross-border project to help SMEs in the Canary Islands, Madeira, Senegal, and Mauritania boost international digital-market sales through diagnostics, specialized advisory, and ICT training. Co-financed by INTERREG MAC 2014-2020. Targets SMEs in Macaronesia and West Africa seeking digital transformation support.
- Gestão da Inovação (Innovation Management) Consultancy program supporting 8 regional companies per edition in assessing innovation positioning, identifying gaps, and implementing corrective measures across selection, framework, preparation, diagnostic, intervention, and implementation phases. Targets regional SMEs in Madeira seeking to formalize and improve their innovation management practices.
- Erasmus para Jovens Empreendedores (Erasmus for Young Entrepreneurs) Promotion of the EU Erasmus for Young Entrepreneurs exchange program in the Autonomous Region of Madeira, in partnership with the Secretaria Regional da Economia Turismo e Cultura. Funds 1–6 month stays for new entrepreneurs with experienced host entrepreneurs in other participating EU countries. Targets aspiring and early-stage entrepreneurs seeking international exposure.
- Industrial Property Support Service (Propriedade Industrial) Support service offering preliminary prior-art research, instruction and liaison with Official IP Agents, and clarifications on the various Industrial Property modalities — trademarks, logos, designations of origin, geographical indications, patents, utility models, and designs/models. Targets founders and SMEs needing IP protection guidance.
- Venture-Capital Referral Service (Capital de Risco) Referral service that links eligible companies with venture-capital partners — primarily Portugal Ventures and Indico Capital — under Shareholder Agreements (Acordo Parassocial) that typically involve minority temporary positions held for 3–7 years. Targets high-growth companies seeking equity investment.
- Financing and Incentives Referral Service (Financiamento e Incentivos) Referral service that directs companies and entrepreneurs to financing and incentive entities in Madeira, including IDE (Instituto de Desenvolvimento Empresarial, secondary/tertiary sector), IEM (Instituto de Emprego da Madeira, employment programs), and SRA (Secretaria Regional de Agricultura e Desenvolvimento Rural, primary sector). Targets regional businesses seeking public financing and incentives.
- Web2Sales Incubator Specialized incubator program under the Startup Madeira umbrella branded 'Web2Sales', with a dedicated sign-in area on the website. Targets web-to-sales oriented ventures and digital commerce startups in Madeira.
Quantifiable outcome
- 87.88% employability rate for Requalificar +Digital finalists (previous edition)
- +4 more outcomes
Companies that use Startup Madeira
Customer profileSegments8 records
Ideal customer profiles7 records
Startup Madeira technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Startup Madeira partnerships and signals
Strategic signalPartnerships
28 partnerships are on record, tiered flagship, core and minor.
- IDE - Instituto de Desenvolvimento Empresarial (IDERAM)flagshipPublic regional entity that manages support programs for the secondary and tertiary sectors of the Madeira regional economy. Listed on Startup Madeira's Financing and Incentives page as the primary financing partner. (Official site: http://www.ideram.pt/)
- IEM - Instituto de Emprego da MadeiraflagshipPublic regional institute that promotes employment creation programs. Listed on Startup Madeira's Financing and Incentives page and referenced in Requalificar +Digital for hiring incentives available to participating companies. (Official site: https://www.iem.madeira.gov.pt/)
- SRA - Secretaria Regional de Agricultura e Desenvolvimento RuralcoreRegional secretariat that promotes support to the primary sector (agriculture) of the regional economy. Listed on Startup Madeira's Financing and Incentives page. (Official site: https://proderam2020.madeira.gov.pt/)
- SBI ConsultingcorePortuguese consulting firm responsible for delivering the methodology of the Entrepreneur Workshop (Oficina do Empreendedor) and Oficina de Startups. Program-promoted by the Regional Government through Startup Madeira with delivery support from SBI Consulting team.
- Bnext1 - Web ConsultingminorWeb consulting firm that delivered/dynamicized the Oficina do Empreendedor Digital program on behalf of Startup Madeira. Program promoted by the Regional Government through Startup Madeira, executed by Bnext1.
- Mindsurfing (Ana Umbelino)coreConsulting firm founded by Ana Umbelino in 2006, specialized in leadership and team development. Delivers the methodology of the Madeira Innovation Challenge together with co-facilitator José Soutelinho. Has collaborated with Startup Madeira for several years on innovation, strategy, and team performance.
- Universidade da Madeira (UMa)flagshipPublic university in Funchal, Madeira, co-deliverer of the Requalificar +Digital program with Startup Madeira and the Secretaria Regional da Economia. Issues the participation certificate, conducts candidate selection, and provides the academic framework (CTESP, Licenciatura, Mestrado, Doutoramento in Engenharia Informática).
- Secretaria Regional da Economia (Governo Regional da Madeira)flagshipRegional secretariat of the Madeira Government that co-promotes the Requalificar +Digital program with Startup Madeira and UMa, and is the institutional backer of the broader 'Startup Madeira – More Than Ideas' initiative. Secretary Eduardo Jesus is quoted as the public spokesperson for the 2016 CEIM → Startup Madeira rebranding.
- Fundación Universitaria de Las Palmas (FULP)flagshipLead partner of the DigiMAC 2020 consortium (INTERREG MAC 14-20). Las Palmas-based university foundation with expertise in innovation, employment, international project management, and training. Co-implements DigiMAC digital diagnostics, advisory and SME training services across Canarias, Madeira, Senegal and Mauritânia.
- PROEXCA - Sociedad Canaria de Fomento Económico, S.A.corePublic Canary Islands company under the Gobierno de Canarias supporting internationalization of regional companies and attracting investment to Canarias. Partner in the DigiMAC 2020 consortium led by FULP.
- Fundación General de la Universidad de La LagunacoreCanary Islands foundation that bridges Universidad de La Laguna with Canarian society, generating talent and channelling it to the regional business fabric. Partner in the DigiMAC 2020 consortium.
- ADEPME - Agence de Développement et D'Encadrement des Petites et Moyennes Entreprises (Senegal)coreSenegalese agency that contributes to strengthening the SME ecosystem and competitiveness of Senegalese companies. Partner in the DigiMAC 2020 consortium led by FULP.
- EFPTIC - Ministère de l'Emploi, de la Formation Professionnelle et des Technologies de l'Information (Mauritania)coreMauritanian government entity under the Ministère de l'Emploi promoting coherent information treatment and diffusion systems compliant with international standards. Partner in the DigiMAC 2020 consortium.
- Instituto Tecnológico de Canarias (ITC)coreCanary Islands public company under the Ministry of Economy, Industry, Trade and Knowledge focused on R&D+i. Partner in the InsertaTIC project (INTERREG MAC 14-20), which promotes knowledge transfer from research centers to PMEs in the Macaronesian region using ICT.
- École Supérieur Polytechnique Dakar (ESP)corePolytechnic school in Dakar, Senegal, training senior technicians across engineering disciplines including IT and telecommunications. Partner in the InsertaTIC project consortium.
- Escola Agrícola da MadeiraminorMadeira-based agricultural school co-hosting the 'Workshop > ferramentas digitais para empreendedores agrícolas' with Startup Madeira (December 2-4, 2020). Located at Estrada 25 de Agosto n.º 6, São Vicente, Madeira. The workshop aimed to equip regional agricultural entrepreneurs with digital marketing, social media, SEO, and SEM skills.
- Formar+ (Roberto Macedo Alves)minorProfessional training company co-founded by Roberto Macedo Alves (licensed in Computer Engineering from Instituto Superior Técnico). Delivered the digital tools workshop for agricultural entrepreneurs at Escola Agrícola da Madeira in partnership with Startup Madeira.
- Governo Regional da Madeira (Regional Government of Madeira)flagshipInstitutional backer of Startup Madeira – More Than Ideas, Lda. Its logo is displayed on the Startup Madeira website footer (https://www.madeira.gov.pt). Startup Madeira's activities are framed as part of the Regional Government's broader entrepreneurship and innovation strategy, including the 'Brava Valley' project.
- EUBIC / EBN (European Business and Innovation Centre Network)minorEuropean network of Business and Innovation Centres. Startup Madeira displays the EUBIC logo on its site footer, indicating membership/affiliation with the network (https://ebn.eu/about-ebn/).
- Instituto Nacional da Propriedade Industrial (INPI)corePortuguese National Institute of Industrial Property, the official body administering trademarks, patents, utility models, designs, designation of origin, and geographical indications in Portugal. Startup Madeira provides information about INPI's protection modalities and links users to Official IP Agents for instruction on applications.
- Anturio Business SoftwarecoreMadeira-based IT specialist company operating in 9 countries, expert in consulting, development and implementation of PHC management software. Partner company in the .NET course of the Requalificar +Digital program — provides internship placements and hiring opportunities for course finalists.
- INSC - Informática, Serviços e Consultadoriacore30-year-old Portuguese IT solutions, support and consulting firm serving public administration, construction, accounting, education, hospitality, industry, retail and services. Partner company in the .NET course of Requalificar +Digital.
- Unipartner MadeiracoreSystems integration and consulting firm specialized in Microsoft technologies for public sector, banking/insurance, and large national/international enterprises. Partner company in the .NET course of Requalificar +Digital. Has a Madeira office.
- ACIN (Grupo ACIN)corePioneer in cloud technology solutions with 20+ years in the market, comprising 4 companies, 12 software platforms, ~200 employees, and 270,000 customers worldwide. Partner company in the Fullstack OpenSource course of Requalificar +Digital.
- Nearsoft SolutionscoreFounded in 2017, specialized in IT consulting and information systems for international and national clients (digital banking, fintech, e-Government, integrations). Partner company in the Fullstack OpenSource course of Requalificar +Digital.
- See HealthcorePortuguese company focused on public health monitoring, incorporating scientific research and technological tools in digital health transformation via software engineering, UX/UI design, multi-platform applications, and quality control. Developed projects such as Madeira Safe and My eHealth. Partner in the Fullstack OpenSource course of Requalificar +Digital.
- WOW SystemscoreFounded in 2008, a UK-based IT company specialized in media projects and solutions for international brands like Real Madrid and McDonald's. Provides software development services (mobile, web, augmented reality, IoT), IT consulting, research, and UX/UI design. Partner company in the Fullstack OpenSource course of Requalificar +Digital.
- XIS Groupcore25-year-old Funchal-based group composed of multiple companies (XGT, In-formar, Silverspheres, Floating Particle, Power of Touch Technologies) operating in systems engineering, software development, technology consulting, professional training, and research. Partner company in the Fullstack OpenSource course of Requalificar +Digital.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Startup Madeira competitors and assessment
Company assessmentDirect peers
- Startup Lisboa: Portuguese national startup incubator based in Lisbon, operating a public-backed model comparable to Startup Madeira's role in the Madeira regional ecosystem. Both run ideation-to-acceleration programmes, provide co-working infrastructure, and connect founders to venture capital; Startup Lisboa operates at national scale whereas Startup Madeira operates regionally.
- UPTEC – Science and Technology Park of the University of Porto: Portuguese university-affiliated technology park offering incubation, acceleration, and connection to industry and investors. Directly comparable to Startup Madeira's incubation + acceleration + reskilling (via University of Madeira) model, though anchored in Porto and tied to a different public university.
- Beta-i: Lisbon-headquartered innovation and entrepreneurship organisation running accelerators (incl. corporate programmes), education initiatives, and large-scale events (such as Web Summit involvement). Comparable to Startup Madeira in mission and programme design, with significantly larger scale and event-driven GTM.
- Instituto Pedro Nunes (IPN): Coimbra-based technology and incubation institute linked to the University of Coimbra. Runs incubation, acceleration, IP support, and tech-transfer programmes — directly comparable to Startup Madeira's full-stack service model, including its differentiated IP support service tied to INPI.
- Startup Braga: Portuguese municipal/regional startup incubator aligned with the national 'Startup Portugal' branding wave that Startup Madeira joined in 2016. Comparable service stack: incubation space, acceleration programmes, and intermediation to venture capital and EU funding, but anchored in northern mainland Portugal rather than an island region.
Regional players
- Fundación Parque Científico Tecnológico de Las Palmas de Gran Canaria (ULPGC): Canary Islands science and technology park partnering with Startup Madeira in INTERREG MAC projects (DigiMAC 2020, InsertaTIC). Directly comparable as a Macaronesian regional innovation intermediary, but serving a different national jurisdiction (Spain) with overlapping Macaronesia scope.
Emerging players
- ANJE – Associação Nacional de Jovens Empresários: Portuguese national association for young entrepreneurs offering training, mentoring, and networking — overlapping with Startup Madeira's ideation programmes (Oficina do Empreendedor) and youth-oriented (rs4E) missions, but member-based rather than operating physical infrastructure.
Broad incumbents
- Barcelona Activa: Barcelona's municipal economic development agency running incubation, acceleration, training, and internationalisation programmes for entrepreneurs and SMEs. Comparable in mission and breadth of services, but at metropolitan scale in a different Spanish regional market.
- IAPMEI – Agência para a Competitividade e Inovação: Portuguese national public agency for SME competitiveness and innovation, providing financing and incentive programmes that complement Startup Madeira's intermediation to IDE/IEM/SRA. Overlaps in the financing-and-incentives value chain but does not operate incubation space or accelerators.
- Wayra (Telefónica Open Innovation): Global corporate accelerator operated by Telefónica. Comparable in delivering startup acceleration programmes and acting as a corporate-backed gateway to capital, but pan-European/global in scope rather than regionally anchored like Startup Madeira.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Startup Madeira social profiles
Digital presenceStartup Madeira financial estimates
Financial estimateRevenue estimate
Valuation estimate
Startup Madeira leadership team
Management profileNumber of profiles
Profiles2 records
Startup Madeira funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Startup Madeira M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Startup Madeira
What does Startup Madeira do?
Startup Madeira is a regional business incubator and entrepreneurship promotion organization that sells physical incubation offices (Incubação Física), co-working workstations (Espaço Co-Work), and virtual office services (Escritório Virtual) at Madeira Tecnopolo in Funchal, alongside a portfolio of ideation, acceleration, mentoring, and reskilling programs for early-stage entrepreneurs, SMEs, students, and regional tech companies. The company also acts as an intermediation layer connecting eligible companies with venture capital and public financing partners in the Madeira region.
Is Startup Madeira a public or private company?
Startup Madeira is a private company. It is classified as state government owned and is currently operating.
When was Startup Madeira founded?
Startup Madeira was founded in 1997. It employs 11 to 50 people.
Where is Startup Madeira based?
Startup Madeira is headquartered in Funchal, Portugal, in the Europe region.
How does Startup Madeira make money?
Five revenue lines are on record. Physical incubation rental is the primary driver. The others are co-Work space rental, virtual office service, european & regional co-financing grants and prize/award funding for winners.
Who are Startup Madeira's main competitors?
Direct peers on record are Startup Lisboa, UPTEC – Science and Technology Park of the University of Porto, Beta-i, Instituto Pedro Nunes (IPN) and Startup Braga. Fundación Parque Científico Tecnológico de Las Palmas de Gran Canaria (ULPGC) is listed as a regional player. ANJE – Associação Nacional de Jovens Empresários is listed as an emerging player. Broad incumbents are Barcelona Activa, IAPMEI – Agência para a Competitividade e Inovação and Wayra (Telefónica Open Innovation).
Does Startup Madeira have an API?
No public API is recorded for Startup Madeira.
What industry is Startup Madeira in?
Startup Madeira's product category is Business Incubation Services. Its primary akta.pro industry code is EDAMAHAC, Youth Business Incubators & Accelerators. Its NAICS code is 81399.