According to the Dengun marketing manager, Jorge Cabaço, the companies will have, at the event scheduled for January 30, the opportunity to try to attract up to 300 thousand euros of investment from a panel of investors.

This Dengun program is designed to “transform” technology startups into high-growth companies by offering participants “free access to valuable resources,” the official added.

The twelve companies that will be in Albufeira come from Portugal, the United States of America, Canada, Spain, France, and the United Kingdom and were selected from around 400 initial competitors from around the world.

The Dengun Founders Program is aimed at entrepreneurs from any country, regardless of the stage their project is at, covering sectors such as Artificial Intelligence, among others, according to a press release.

In addition to practical support, participants receive three months of free office space in the Algarve, “integrating themselves into a dynamic ecosystem of innovation”, the note reads.

Dengun also offers assistance in obtaining visas in the European Union (EU), thus facilitating the growth of startups in Europe, he adds.

The Dengun Founders Program has a partnership with institutions such as the University of Algarve and received co-financing from the EU, through the Recovery and Resilience Plan (RRP).

The international startup acceleration program will culminate with an in-person pitch day, which will take place on January 30, 2025, at Le Club, in Albufeira, starting at 9:30 am.