Portugal invests in Science and Technology Parks to drive innovation

Portugal is investing in Science and Technology Parks through Tecparques to establish innovation hubs as platforms for a new strategic economic model. These parks aim to drive competitiveness by integrating new economy sectors with traditional industries through innovation and knowledge-based solutions.

The initiative seeks to foster collective efficiency by aggregating regional capabilities to compete on a global scale. Key to this strategy is the involvement of leading companies and the coordination of foreign direct investment with universities and competence centers. The goal is to shift the national economic development model toward global value creation, creativity, and employment growth.