Startup Lisboa is a key incubator in Portugal’s capital, established in 2012 as a public-private initiative to boost entrepreneurship in the city. Situated in downtown Lisbon’s Baixa district in renovated historic buildings, Startup Lisboa provides mentorship, workspace, and networking for early-stage startups across sectors.
It was launched with backing from the Lisbon City Council, bank Montepio, and IAPMEI (the Portuguese SME agency), reflecting strong civic support. Over an incubation period of up to 3 years, startups receive guidance on refining their business model, access to strategic partners, and help connecting with investors. Office space is a big draw: Startup Lisboa offers subsidized offices and co-working spots to dozens of startups, easing a major burden in early stages.
The incubator runs several vertical programs, including dedicated tracks for tourism, social innovation, and fintech in partnership with corporates. Lisbon’s booming tourism industry spurred Startup Lisboa to create initiatives for travel-tech and “Smart Tourism” – alumni in this space include Unbabel (AI translation for customer service, now a scaleup with $90M+ raised). Other success stories from Startup Lisboa’s portfolio are EatTasty (food delivery, expanded to Madrid) and Hole19 (a golf app with millions of users).
Besides incubation, Startup Lisboa manages events like the Lisbon Challenge (an international acceleration program) and interfaces with Portugal’s Startup Visa program to attract foreign founders. They also collaborate with Web Summit (the major tech conference hosted in Lisbon) to showcase local talent. A distinctive project is the “Made of Lisboa” community brand, which Startup Lisboa spearheads to unite the city’s tech scene.
The incubator has supported over 300 startups, which have created an estimated 3,000+ jobs. Startup Lisboa also played a role in rejuvenating Lisbon’s downtown, turning it into a lively startup hub. With Lisbon now on the map as a startup-friendly city (helped by initiatives like €200M VC fund of funds from the government), Startup Lisboa continues to be at the heart of it – fostering new companies in an open, founder-centric environment, and solidifying Lisbon’s reputation as a launchpad for international startups in Southern Europe.
Lisbon, Portugal
Incubator
/portugal/incubator/startup-lisboa
Bandora is an AI-powered virtual facility manager that integrates with existing building management systems to optimize energy efficiency, reduce costs, and maintain comfort in commercial buildings. The startup has reported about USD 1M-1.5M in pre-seed/seed backing and won the CTA CEO Summit startup pitch in Lisbon, earning a complimentary exhibit space at CES 2026 in Las Vegas.
Bloop is a social shopping network launched in Portugal in 2025 that combines social sharing and e-commerce while rewarding users with platform credit for product reviews. The company has reported EUR 2M in total investment and built its marketplace stack with Marketplacer plus Checkstep moderation tooling for EU DSA-aligned compliance workflows.
Class of Wonders is an impact-focused edtech startup building gamified classroom tools and inclusive learning experiences, including language-learning adaptations for migrant children. Through Lisboa Innovation for All, the team presented MAGOS for All, and it has also participated in ecosystem initiatives such as Techstars Startup Weekend in Viseu.
Comudel develops a business operating system that automates workflows, legal contract handling, and AI-assisted financial operations for companies. Founded in 2022, it is associated with Unicorn Factory Lisboa and Instituto Pedro Nunes, operates from The Fintech House in Lisbon, and participated in the SPRINT accelerator focused on compliance and enterprise operations.
DOJO AI is an AI marketing operating system for challenger brands, unifying strategy, content, SEO, and paid media workflows through agent-based automation. The company announced a USD 1M pre-seed round led by HEARTFELT with participation from COREangels and Axel Springer Porsche, and reports more than 20 clients across the US and UK including PensionBee, Unbabel, and Amplemarket.
Lyzer is a Logistics-as-a-Service platform for retail and e-commerce operations, covering order management, warehouse picking optimization, and last-mile orchestration. In July 2025, the company announced a EUR 10M Series B and reported over EUR 160M in GMV plus more than 500,000 fulfilled orders across the Iberian peninsula.
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