Porto Scaleup Report
Has our ecosystem developed in a way to support the scaleup process?
Through ScaleUp Porto and in collaboration with a wide network of partners, the city of Porto has been implementing a strategy to support the sustainable development of the entrepreneurship ecosystem, with a special focus on the scaleup process.
After publishing Re:think | Re:build | Re:load, a study that aimed at characterizing the ecosystem in the region, it is time to put the scaleup process under the magnifying glass.
This Porto Scaleup Report was developed using the first work and data collected as a basis. The analysis was extended to 2012-2018, in contrast to the previous one (2015-2018), in order to understand the evolution of dynamics between two periods: 2013-2015 vs 2016-2018.
2016-2018 was a phase of turnover and job creation growth, at a rate twice higher than the previous period.
During this period, more and younger companies reached the scaleup level.
vs SIMILAR COMPANIES
IN THE REGION
According to several sources, focusing on the scaleup process has proved to be more effective when compared to strategies focusing on earlier stages.
Even if a big amount of startups that survive are unable to scale their growth, the small portion that does, the scaleups, tends to make a very relevant contribution to economic development. The integration of scaleups in an entrepreneurial ecosystem, promotes a set of positive effects, direct and indirect. These companies generate jobs in a high rate, with high productivity, which has a consequent increase of production, and an impact on the aggregate productivity of the economy.
Involving support entities, public and private, in the development of measures to support the establishment and development of high-growth potential companies, allows to mitigate the challenges that come with growth. The support to this specific phase, according to several sources, has proved to be more effective.
Working strategies for growth implies a holistic approach, which has to include the several stakeholders in an entrepreneurship ecosystem, a vision that has been guiding ScaleUp Porto’s activity.
Porto Scaleup Report 2012-2018
Supplement to Re:think | Re:build | Re:load, that characterizes the entrepreneurship ecosystem in the region
Full Version (in PT)
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