Increase in European Industry Investment in Research and Development (R&D)

In 2023, European industry recorded a 9.8% increase in investment in Research and Development (R&D), surpassing the average global growth. This progress highlights European companies’ commitment to strengthening innovation and maintaining a competitive position in the international market.

Portugal, as part of the European Union, benefits from this growth context, with national companies intensifying efforts to modernize processes, create new products, and adopt emerging technologies. This scenario is particularly relevant for entrepreneurs seeking to explore new market opportunities and differentiate through innovation.

The rise in R&D investment is driven by strategic sectors such as technology, healthcare, and renewable energy, aiming to address global challenges like energy transition and digitalization. For Portuguese entrepreneurs, this means greater access to international partnerships, European funds, and tax incentives aimed at innovation.