Many tech startups all over the world have chosen Lisbon as a tech hub, when they wanted to expand their tech centers.

In fact, Lisbon is emerging as one of the fastest-growing tech ecosystems across the globe, with a growth rate of 30 percent every year since 2016, double the average across the rest of Europe, and worth a whopping €21 billion as of 2022, up 26 times since 2016.

Susan Armstrong, says inclusively that it could be Europe’s answer to Silicon Valley.

Did you know that Portugal has launched more unicorns than Spain, Italy and Greece combined?

It’s certainly not by chance that since 2016, it has been the location chosen by Paddy Cosgrave to hold the annual event Web Summit (the largest of its kind in the world).

What makes Lisbon unique?

Lisbon has several ingredients that make it a unique and efficient tech ecosystem.

The quality of life, the security, the  incentives designed to attract foreign entrepreneurs and the fact that the country has a very high quality of engineering talent at a competitive cost.

There’s also easy air links to other large tech hubs, Portugal’s fibre optic network coverage (ranked 11th in the world), and there are 300 days of sunshine every year. It’s hardly surprising Lisbon is now home to the world’s largest digital nomad community.

With its rich array of tech talent, not to mention the rewarding tax conditions for multinational companies, it makes sense that some of the world’s biggest corporations – Google, Siemens, IKEA, Cisco, Unilever, Nestle, Volkswagen and Mercedes-Benz – have all established tech hubs in the Lisbon area in recent years.

Lisbon, breathes a coworking atmosphere

Lisbon as a tech hub, breathes an active coworking atmosphere, which has resulted in a perfect match for entrepreneurs, founders, freelancers, and tech talent to come together.

Hundreds of tech events and meet-ups are held in Lisbon.  The city is a hive of innovation and collaboration, ready to birth many more new start-ups that may one day turn into unicorns.

And speaking of unicorns, Portugal has created seven to date: Farfetch, Talkdesk, Feedzai, Remote, Sword Health, Anchorage Digital, and Outsystems.

Portugal counts almost double the unicorns of neighbouring Spain, which has four, and triple those of Italy, which has two. In fact, the country is amongst the top five unicorn-creating countries in the world as measured by unicorns per capita.

Like the Mayor of the City of Lisbon, Carlos Moedas, once said on the opening night of Web Summit 2022, “Innovation is not an idea, innovation is a process".

Joyn Group is scaling up

Joyn Group, with headquarters in Lisbon, is a startup incubator, that has already brought to market two successful startups (Dogdigitizer and Evolut Green).

The backbone of the Joyn Group in Lisbon as a Tech Hub, are consolidated companies in the market with years of experience and a diversified client portfolio ranging from the public sector to NGOs, from Banking and Insurance to Civil Protection, from the sale of business solutions to nearshore software factories.

There are years of experience, many hours of programming, and even more specialized consulting for clients spread across all continents. 

Together, we form Planet Joyn and we are ready to help you.

By Ricardo Barros – Chief Customer Success Officer @Uniksystem