Skaphandrus

Sep 24, 2015

Portugal Ventures has opened another edition of FIAEA - its Investment Fund to Support Entrepreneurship in the Azores, and applications may be submitted until 30th June. Asinus Atlanticus and Skaphandrus are the latest companies to receive investments from the fund. FIAEA aims to contribute to the sustained development of the economy of the Azores through the stimulation of entrepreneurship and the valorisation of innovative projects, the driving force behind development and employment. The fund supports companies in their initial phase - early stage, start-ups and spinoffs – which have potential for high growth and valorisation, either with a unique technology or an innovative component, as well as companies at a stage of growth and expansion that have an innovative characteristic when it comes to tradable goods and/or which encourage the strengthening of the Azores’ export capacity. Projects from the Information and Communications Technologies, Life Sciences, Endogenous Resources and Tourism sectors may submit applications, and investment may reach €100,000.00 per year, with a minority share capital participation. For more information, visit the Portugal Ventures website and read the documents related to this initiative, namely the Rules and Regulations and the FAQs. The most recent investments made by FIAEA were in Asinus Atlanticus and Skaphandrus:    Asinus Atlanticus combines the production, processing, packaging and exportation of lyophilized (freeze-dried) donkey milk, and hopes to contribute to the preservation of biodiversity through the asinine species, which faces extinction. Skaphandrus is an app that allows users to log marines species, shipwrecks, dive sites, and underwater photographs, and is aimed at the general public, as well as biologists, archaeologists, photographers, amongst others. This programme to support entrepreneurship is an initiative led by the Society for Business Development in the Azores (Sociedade para o Desenvolvimento Empresarial dos Açores, EPER) and by Portugal Ventures, and aims to bolster the entrepreneurial ecosystem of the Azorean economy and thus promote the development of a more modern economy, open to the world, based on knowledge, innovation, qualified human capital, and with a strong entrepreneurial spirit. Share