Government Announces Fund and Reforms to Grow Madeira’s Tech Market
The Regional Government of Madeira is taking steps to strengthen the island's technology market. Today, the Regional Secretary for Economy and Digital Transformation, Eduardo Jesus, announced a plan to reorganize business support systems and launch a financial fund for new companies.
Secretary Eduardo Jesus Announces New Venture Capital Fund
During a presentation of the 2026 action plan for Startup Madeira, the regional government confirmed the creation of a venture capital fund. This tool will provide direct support to entrepreneurs and established businesses looking to grow. The fund is part of a strategy to help the island transition toward a digital hub in the Atlantic.
The Economy Secretariat will take on the venture capital, that is, it will be a partner in a venture capital that will be essential for financing companies, and specifically startups
Miguel Albuquerque, SAPO.pt
By providing this capital, the government aims to solve funding problems that small technology projects face early on. Officials noted that these funds are essential for businesses that require investment before they become profitable. The initiative focuses on high-potential projects that can improve the region's economic variety.
Regional Government Will Reform Incubation Centers to Better Assist Startups by 2026
The second part of the announcement involves the redesign of the region’s incubation centers. Eduardo Jesus explained that the current model for supporting businesses needs to change to stay relevant. The government will reform centers to provide better physical space and mentorship for digital entrepreneurs.
This change ensures that startups have a better environment to develop products. The new centers will offer specific resources for tech innovation. The Secretary stated that this reorganization is necessary to match the modern needs of businesses.
Startup Madeira Manages Two Main Incubation Spaces in Funchal in 2026
Startup Madeira currently operates two physical locations designed to help new businesses. These spaces are strategically placed to connect entrepreneurs with the university and the city’s business district.
Campus da Penteada: Located near the University of Madeira, this center focuses on technical projects and academic research.
Funchal City Center: These offices are used by digital companies and participants in international programs like the Madeira Startup Retreat.
Sources: JM-Madeira, ECO
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