Business Angels point out flaws in the State Budget for not investing in private investment in start-up

Portuguese business angels have expressed concerns that the 2021 State Budget lacks sufficient support for private investment in startups. The National Federation of Business Angels Associations (FNABA) and the Portuguese Business Angels Association (APBA) proposed tax and legislative incentives to promote private investment without increasing state expenses. They argue that such measures are essential for job creation, exports, and overall economic competitiveness. Without these, Portugal risks losing ground in fostering innovation. They stress that support for private investment is crucial for sustainable economic growth.