TERINOV - Science and Technology Park

What TERINOV - Science and Technology Park does

TERINOV - Science and Technology Park is a non-profit, public-private innovation facility located on Terceira Island in the Azores archipelago of Portugal, founded around 2019 and operated under the governance of the Regional Government of the Azores, the University of the Azores, and the Câmara do Comércio e Indústria de Angra do Heroísmo. The organization provides physical and programmatic infrastructure for technology-based startups and entrepreneurs through four principal service lines: an Incubation Program for early-stage ventures, a Business Development Program for established companies, a CoWork Program offering 24/7 flexible workspace, and a Virtual Incubation offering for remote participants. These are complemented by an Innovation Centre that leases private and shared laboratories, offices, meeting rooms, an auditorium, and field parcels — with lab facilities co-managed alongside research partners IITAA and the Biotechnology Centre of the Azores (CBA).

The park pursues four strategic verticals — Agribusiness, Cultural and Creative Industries (CCI), Green Economy, and Information and Communication Technologies (ICT) — and operates a portfolio of own brands (IEP, Hack2Emerge, Flash IDea, TALKS, Business Episodes, YOUR BUS NOW) that drive programming such as hackathons, pitch competitions, speaker series, and business content. Commercial revenue is derived from subscription-style recurring leasing of Innovation Labs and coworking spaces, supplemented by grants and institutional support from regional and European partners including FCT, ESA, EU SST, Fraunhofer Portugal, and AIR Centre. Tenant companies span gaming (Redcatpig Studio, E2Tech), robotics (Thius Europe), biotechnology (Biotech Synergy), agri-food (Dom Azores), data centers (@Depth), space (RFA Azores), and tourism technology (Ideastation), reflecting deliberate vertical diversity within the Azores' innovation ecosystem.

Governance is exercised through a Board of Directors, Fiscal Council, and Steering Committee, with Executive Director Duarte Pimentel leading operations. The organization is intentionally small — six employees — reflecting a model that depends on partner institutions, university researchers, and chamber-of-commerce networks to deliver programming rather than on large in-house teams. Financial and activity statements are published annually but specific revenue figures are not publicly disclosed, consistent with a hybrid public-private funding structure typical of regional science and technology parks in outermost EU territories.

Name

TERINOV - Science and Technology Park

Legal name

TERINOV - Science and Technology Park

Website

https://terinovazores.pt

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

TERINOV is a non-profit science and technology park on Terceira Island, Azores, offering incubation, business development, co-working, and virtual incubation programs plus lab leasing for technology-based startups in Agribusiness, CCI, Green Economy, and ICT, anchored by the Regional Government and University of the Azores.

Ownership category

akta.pro rank

Product category

Startup Incubation & Innovation Park Services

akta.pro industry

PRIMARYBPAIAAAK

Science, Technology & Innovation Administration (National R&D Policy)

Business & Public Services/Public Sector & Government Administration/Central/Federal Government Administration

SECONDARYEDAHAEAH

Technical Universities with Entrepreneurship & Incubation Focus

Education/Higher Education (Colleges & Universities)/Technical & Polytechnic Universities

SECONDARYEDAMALAL

Entrepreneurship, Business & Innovation Camps

Education/Supplemental & Enrichment Programs (Arts, STEM, Language)/Summer & Holiday Enrichment Camps (Multi-Activity, Academic)

Keywords

• Startup incubation services
• Business acceleration programs
• Co-working space rental
• Technology park management
• Innovation center services

Headquarters

HQ city

Terra Chã, Angra do Heroísmo

HQ country

Portugal

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel

Revenue model

1. Innovation Centre Space Leasing: TERINOV generates revenue by leasing private laboratories and fully equipped shared Innovation Labs to tenants and partners. Spaces include furniture, electricity, ventilation, telecommunications, and equipment necessary for innovative work.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

TERINOV operates a science and technology park offering four core programs — Incubation, Business Development, CoWork, and Virtual Incubation — for technology-based startups and entrepreneurs. The Innovation Centre provides physical infrastructure including private and shared laboratories, offices, meeting rooms, an auditorium, and field parcels, with laboratories co-managed with research partners IITAA and CBA. The park supports ventures in strategic sectors of Agribusiness, Cultural and Creative Industries, Green Economy, and ICTs across the Azores region.

Product overview

TERINOV - Science and Technology Park operates as a multi-service innovation ecosystem on Terceira Island, Azores, offering a platform-plus-services architecture. The core offerings include four main programs: Incubation Program, Business Development Program, CoWork Program, and Virtual Incubation. These are complemented by the Innovation Centre providing physical infrastructure (offices, laboratories, meeting rooms, auditorium) and an own-brands portfolio including IEP, Hack2Emerge, Flash IDea, TALKS, Business Episodes, and YOUR BUS NOW. The park focuses on strategic areas: Agribusiness, Cultural and Creative Industries (CCIs), Green Economy, and Information and Communication Technologies (ICTs).

Differentiator

Problem solved

Functional benefit

Brands

• IEP: Innovation and Entrepreneurship Program - supports startups and entrepreneurs with mentorship and resources
• Hack2Emerge
• Flash IDea
• TALKS
• Business Episodes
• YOUR BUS NOW

Products and services

• Incubation Program Accelerates the successful development of entrepreneurial projects and companies through business support resources and services for innovative technology-based startups. Targeted at founders of new technology-based companies seeking mentorship, infrastructure, and ecosystem support.
• Business Development Program Supports established companies in accelerating growth and success through strategic resources, mentoring, and business support services. Targeted at existing technology-based companies seeking growth acceleration.
• CoWork Program Provides flexible co-working spaces and facilities for entrepreneurs, startups, and remote workers with 24/7 access and shared resources. Targeted at individual founders, early-stage teams, and remote workers needing flexible workspace.
• Virtual Incubation Remote incubation program supporting entrepreneurs who do not require physical presence at the Science and Technology Park facilities, extending TERINOV's support beyond Terceira Island to the broader Azores and Portuguese innovation ecosystem.
• Innovation Centre Provides common and private spaces including offices, meeting rooms, an auditorium, field parcels, and laboratories co-managed with research partners IITAA and CBA. Innovation Labs are leased with furniture, electricity, ventilation, telecommunications, and necessary equipment. Targeted at startups, scale-ups, and scientific entities needing physical research and collaboration infrastructure.

Named customers9 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature1 record

Partnerships

15 partnerships are on record, tiered core, major and minor.

• IITAA (Institute of Agricultural and Environmental Research and Technologies)coreStrategic or Co-development PartnerCo-managed research partner for Innovation Centre. Organic unit of University of Azores conducting research on Agricultural Sciences and Environment, sustainability, applied climatology, global change effects, animal and agricultural science, food science, and bioactivity of natural products.
• CBA (Biotechnology Centre of Azores)coreStrategic or Co-development PartnerCo-managed research partner for Innovation Centre. Fosters fundamental and applied scientific research to develop new knowledge and technological innovation, promoting innovation, entrepreneurship, and competitiveness in agrarian, environmental, and bioindustrial sectors.
• AIR CentrecoreStrategic or Co-development PartnerInternational science and technology distributed network developing shared capacities and partnerships to provide innovative solutions to global Atlantic scale challenges, creating sustainable local value.
• EU SST (Space Surveillance and Tracking)majorTechnology or IntegrationEuropean program ensuring capacity for monitoring, characterizing, and tracking movements of space objects orbiting Earth.
• Universidade dos AçorescoreStrategic or Co-development PartnerUniversity of the Azores as founding partner providing academic research support, talent pipeline, and scientific expertise to the ecosystem.
• Governo Regional dos AçorescoreStrategic or Co-development PartnerRegional government of the Azores as founding partner providing institutional support, funding, and policy framework for the science and technology park.
• Câmara do Comércio e Indústria de Angra do HeroísmomajorStrategic or Co-development PartnerChamber of commerce providing business networking, mentorship connections, and support for entrepreneurship development in the region.
• EURYO (European Rural Youth Observatory)minorStrategic or Co-development PartnerResearch-oriented association focused on European rural youth, composed of scholars, third-sector representatives, public services providers, youth workers, and rural young people.
• ACDA (Associação para a Ciência e Desenvolvimento dos Açores)minorStrategic or Co-development PartnerAssociation promoting production and dissemination of science, boosting exchange of information between members and professionals from different institutions, fostering collaboration between universities, companies, and public administration.
• Fraunhofer PortugalmajorTechnology or IntegrationInternational research organization partnership providing technology transfer and applied research capabilities.
• FCT (Fundação para a Ciência e a Tecnologia)majorStrategic or Co-development PartnerNational science and technology foundation providing funding support and research coordination.
• ESA (European Space Agency)majorTechnology or IntegrationEuropean Space Agency partnership for space-related research and technology development.
• Startup AngramajorGTM or Marketing PartnerLocal startup ecosystem partner providing collaborative workspace, networking events, and startup community connections.
• NonagonminorGTM or Marketing PartnerTechnology park partner in the Azores ecosystem for regional collaboration.
• Tec ParquesminorGTM or Marketing PartnerPortuguese technology parks association for networking and best practice sharing.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ESA BIC Portugal: European Space Agency Business Incubation Centre in Portugal, providing incubation and acceleration for space-tech startups. Comparable in the space-domain and as an ESA-affiliated incubator; TERINOV's ESA partnership and RFA Azores tenant put it in overlapping territory.
• Taguspark: Major Portuguese science and technology park located in Oeiras, Lisbon region. Comparable as a multi-tenant innovation campus with incubation, lab, and event programming, though larger and more corporate-tenant oriented.
• Biópolis: Portuguese technology park in Cantanhede with incubation and lab infrastructure focused on biotech, agri-food, and forestry. Comparable as a sector-specialist regional tech park with university ties.
• Parque Tecnológico de Cantanhede (BIOCANT Park): Biotechnology-focused technology park in central Portugal, hosted by the Cantanhede municipality. Comparable as a municipality/university-backed life-sciences and innovation park with incubation offerings.
• UPTEC — University of Porto Technology Park: Portugal's leading university-anchored science and technology park, hosting incubators, co-working, and lab space across multiple sectors. Closely comparable business model—university-linked incubation, sector-spanning tenants, and branded programs—but operating at significantly larger scale on the mainland.
• IPN — Instituto Pedro Nunes: University of Coimbra-linked technology park and incubator with labs, business acceleration, and tech-transfer programs. Comparable as a Portuguese university-anchored incubation cluster with research-to-commercialization focus.

Others

• AIR Centre — Atlantic International Research Centre: International distributed science and technology network focused on Atlantic-scale challenges, formally partnered with TERINOV. Comparable as a thematic partner rather than direct competitor—operates a network model rather than a physical park.

Regional players

• Startup Angra: Local startup ecosystem partner in Angra do Heroísmo, hosting the Pitch Tank event jointly with TERINOV. Comparable as a regional startup community/incubator in the Azores, though much smaller and lacking the lab infrastructure.
• Cardiff Medicentre / Cardiff Capital Region Innovation Park: UK science park located in a non-capital region, serving as an incubator and lab space for early-stage ventures. Comparable as a regional innovation park operating in a geographically peripheral but EU-adjacent context.
• Nonagon: Science and technology park also located in the Azores (São Miguel), focused on technology and ocean economy. Directly comparable as a fellow Azores-based regional tech park with similar public-private governance and incubation programs, though serving a different island.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/terinov

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TERINOV - Science and Technology Park