Portugal has caught the eye of many companies that seek quality tech development in Europe. At the same time, a number of entrepreneurs are also coming to Lisbon to build their start-ups here for better-value development costs. Besides its beaches and surfing points, this sunny country has now become the symbol of software development. Here are four reasons why this is happening: 

1. The education system 

Portugal's excellent education system fills the country’s tech scene with young and qualified talent. The country’s universities produce many engineering students and entry-level professionals each year. Portuguese youth are choosing to study in Portugal as fresh graduates and hunting for jobs due to the booming economy. Their language skills, such as English, are also of the highest order. 

2. The attractive lifestyle and quality 

The cost of living in Portugal is relatively affordable, and the quality of life is high, thanks to its weather and welcoming locals. Portugal attracted numerous skilled engineers and boomed the tech scene.  

3. Government support

The Portuguese government focused on developing the current startup ecosystem, funding opportunities, and internationalization as a strategy to encourage entrepreneurship. Investments are also coming from outside the country from those who foresee the vast potential in the market. Big tech brands like Amazon are welcomed to the country and have created a dynamic ecosystem. 

4. The networking 

Portugal’s tech industry has a culture of networking and cooperation. The industry thrives off a competitive spirit in a friendly environment where companies recognize the value of sharing knowledge and connecting people. Regular tech conferences and networking events like Web Summit were organized and helped grow the tech scene in Portugal over the last ten years.

All the factors together make Portugal the new exciting tech hub that offers development services to companies worldwide. It has become a center where networking is happening, technology is developing, and people have a work-life balance. We are excited to be part of it!