Start-ups: Financial Times compares Lisbon to San Francisco

Lisbon and San Francisco share many physical attributes: both spread in hills, have a suspended electrical & Red Bridge. Now, the Portuguese capital is adopting the entrepreneurial spirit of the twin city when it comes to becoming a global centre for start-ups.

In an article published yesterday, the Financial Times (FT) writes about the similarities of the two cities and gives examples of young entrepreneurs who launched their start-ups in the Portuguese capital. According to British newspaper, Lisbon is a multicultural city thanks in no small part to the imperial past of Portugal. The FT gives as an example the Mayor of Lisbon, born in Lisbon but with roots in Goa.

In addition to the similarities, the paper highlights the good quality of life, with beaches 10 minutes from the Centre and the cost of living that is "much smaller than in other European capitals". The FT notes that the support for early-stage companies are increasing, supported by funding from private companies and the Government, as well as skilled labour, in particular at the level of engineering, which is formed of the schools of Lisbon.

Foto: gromgull/Creative Commons

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