Portuguese crowdfunding: Exploring new entrepreneurial shores

Portugal currently faces economic challenges that require a boost in productive activity to generate the outcomes its people deserve.

“Access to finance is essential to enhance the competitiveness and growth potential of small and medium enterprises,” said European Commission Vice President Antonio Tajani, responsible for industry and entrepreneurship, in December 2011. “In the context of the current crisis, marked by a fall in lending to the real economy, it is increasingly difficult for such companies to access loans.”

Portugal has experienced the fastest growth in innovation performance among EU member states as per the European Union’s 2010 Innovation Scorecard, and now requires innovative alternatives to funding mechanisms and sources to potentiate its innovation capability, according to a report in crowdsourcing.org.  >>More here

SOURCE:  crowdsourcing.org

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