A catalyst for structural change in Northern Portugal

A catalyst for structural change in Northern Portugal
Description

The Science and Technology Park of the University of Porto (UPTEC) is a key part of the university's strategy to build on its significant capacity for knowledge creation and the development of human capital. By fostering start-up companies and innovation centres, supported by academia, this ecosystem plays an important role in the sustainable development of Portugal's Norte (North) Region – not least the creation of around 800 jobs.

Results

Overall, UPTEC is designed to drive long-term structural change in the Norte Region's innovation system. However, it has already achieved a number of impressive results in terms of creating firms and highly qualified staff. In total, it has resulted in some 110 firms, including 95 start-ups, five large companies and five private innovation centres. These statistics highlight UPTEC's potential for entrepreneurship and its impact as a beacon and attractor for foreign direct investment (FDI) to the region. Of the 800 jobs created, 13% are at PhD level, 23% at master level, and 59% are college graduates.UPTEC is considered innovative for its multi-poles conception, its open stance on internationalisation, and above all its focus on capitalising on Norte Region's key assets. The project is now being scaled up, possibly to include a fifth pole, bringing further added value to the region. It is a member of several regional and national networks or partnerships for entrepreneurship and incubators, including Spinpark and Portuspark, and works internationally with MIT, Carnegie Mellon, Texas Austin, and Microsoft.

Programme name
European Structural and Investment Funds
EC’s priorities
Jobs, Growth and Investment
EU contribution
€15 400 000
Project location
Portugal
Time frame
2007 to 2013
Project webpage

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