Investment & Fund Management
million in investments into
Full Credential Description
The EIF and the Portuguese national promotional institution, Banco Português de Fomento (BPF), launched the PORTUGAL BLUE initiative, a 50 million equity partnership aimed at supporting Portuguese companies in the blue economy sector. Each organization contributed 25 million to this program, which is projected to catalyze over 75 million in investments into funds and beneficiary companies. The initiative seeks to attract additional resources from private investors and aims to commit funding to up to two funds that focus on blue economy projects with climate impact and sustainable development objectives.
PORTUGAL BLUE is designed to foster the Portuguese blue economy ecosystem by providing funding to start-ups, SMEs, and midcaps at various stages of development, facilitating access to early-stage, venture, growth, and expansion equity capital. Additionally, the initiative aims to build local capacity by supporting emerging fund managers who invest significantly in companies operating within blue economy sectors in Portugal. Selected venture capital and private equity funds involved in this initiative will also be based in Portugal, enhancing the local investment landscape. This partnership is part of a broader collaboration under the EIF-NPI Equity Platform and the Investment Plan for Europe, which includes co-financing from the Portuguese Ministry of Sea through resources from Fundo Azul.