Fundos SIFIDE (Selo de Idoneidade)

As with any investment, the company is selling a percentage of its business in exchange for capital.

SIFIDE Funds are investment funds that benefit from tax credits for investing in startups that are recognized as innovative. For a company to be eligible to be invested in by one of these funds, it must obtain a Selo ID: Reconhecimento de Idoneidade awarded by ANI (National Innovation Agency). Given that very few startups in Portugal have the Selo ID: Reconhecimento de Idoneidade, those that do substantially increase their chances of receiving investment.

Important: Granter will help you prepare the application for the Selo ID: Reconhecimento de Idoneidade. The company will then have to apply for SIFIDE Funds directly and go through the fund's normal due diligence.

Eligibility criteria:

• Residency:

  • Companies that are resident in Portugal, or
  • Non-resident companies with a permanent establishment in Portugal.
  • Foreign companies with a presence in Portugal for less than one year may use their home country's R&D investment history as proof of their innovative activity.

• Condition 1 – R&D Investment:

  • A minimum R&D investment of 7.5% of the previous fiscal year's turnover is required.
  • Proof must be provided via the IPCTN data (which gathers information on companies' R&D activities and investments) or, for companies not covered by the IPCTN, via a declaration from the Certified Public Accountant/Certified Accountant.
  • Recognition may be conditional for newly created companies that, at the time of application, do not have consolidated R&D teams or cannot present the previous fiscal year's financial report.

• Condition 2 – Incubated Innovative Companies:

  • Companies with up to three years of activity that are incubated in an incubator certified or recognized by IAPMEI (or a competent entity), as evidenced by a substantiated proposal from the incubator.