As temperatures rise across Europe, startups are feeling the heat, not just physically, but financially. The effects go far beyond discomfort: a global study of 17,000 companies found that days above 30 °C lead to an average 8.4% drop in daily revenue and a 26% hit to operating profits. Another analysis of 2.7 million firms across 23 countries revealed that just 10 days above 35 °C can reduce annual labour productivity by 0.3%, with even a typical 5-day heatwave cutting it by 0.2%.

Startups are especially vulnerable. With fewer resources for cooling infrastructure, remote setups, or flexible policies, teams lose momentum fast. Ironically, climate-tech founders find themselves caught between exposure to the risk and opportunity to solve it. But here’s the upside: the growing demand for climate adaptation - whether it’s heat-monitoring tools, smart infrastructure, or sustainable work environments - is driving a new wave of innovation. If you’re building in energy efficiency, agri-tech, or urban resilience, heat isn’t just a threat, it’s a market signal.

This is more than a wake-up call for operational planning, it’s a product roadmap. And Portugal’s climate-tech scene is stepping up: from EV infrastructure and renewable energy to circular economy platforms. Startups like Windcredible, Powerdot, Cleanwatts, Raiz Vertical, Inductiva, Seedsight, Oceano Fresco, Wisecrop, and PFX Biotech, just to name a few, are turning environmental challenges into investment-ready solutions.

As we ease into summer, the calendar is heating up too. July’s event lineup is looking stronger, a sign that our ecosystem is not slowing down. There’s plenty of room to check Adamastor calendar and catch a talk, make new connections, and still sneak away to one of our beautiful beaches or a cool spot with A/C and cold drinks.

• 🚨 last call to apply for the SWitCH Dev and SWitCH QA programme powered by Porto Tech Hub

• 🚨 ready to drive innovation in urban mobility? apply for the EIT Urban Mobility Strategic Innovation Open Call

• 🚨 call for speakers for lisbonai.xyz

✍ Quote of the week

Decarbonizing the economy is the greatest investment opportunity of our lifetime… the next thousand unicorns will be startups that help the world decarbonize and make the energy transition affordable for all consumers.”
— Larry Fink, CEO of BlackRock

Week highlights go to:

🔷 Prémios Santander X Portugal, 4th edition. Applications are open with two different categories: University & Startups

• 🔷 FutuRegion Summercamp happens next week at Univ. Aveiro

• 🔷 ENTAMA Local initiatives that grow thanks to EDP. Apply until friday

Check out Adamastor calendar

Congrats

• 👏 STAMP and Intriq are the winners of Spring Batch Demo Day

• 👏 Volograms, Amelia, and Verbo are the winners of MEO 5G Challenge

Something to read, listen and watch

• 📚 Porto Digital bate recorde com investimento

• 📚 Portugal continua a ser um destino atrativo para hubs

• 📚 The Next Great Distribution Shift by Brian Balfour

• 📚 Why 2025 Is the Best Year to Start a Startup

• 📚 The Gentle Singularity by Sam Altman

• 🎧 The life of an ethical hacker

• 🎧 Defense Tech Lisbon Podcast with Maria Vilar, Founder of Immersiv Studios

• Looking for your next spark of inspiration or connection?

  Discover what’s happening in the ecosystem—check out the 'Adamastor Events Calendar and find the perfect event that fits your goals, your vibe, and your stage. From founder meetups to investor talks, there’s something for everyone.