Opinion
🧠Why the Startup Voucher Matters — And Why You Should Apply Now
Fernando Fraga is the founder of Fx2 Group and an entrepreneur, with a track record of launching his own ventures, supporting other founders in building successful startups, and advising on public policy related to entrepreneurship and innovation.
4 min read
Talking about public programs for entrepreneurs often leads to one of two extremes: either we pretend they’re magical tools that turn ideas into unicorns, or we dismiss them as useless bureaucracy. Neither is true. Somewhere between ambitious goals and practical limitations, a few programs actually work — quietly, without headlines. The Startup Voucher, promoted by IAPMEI, is one of them — and applications are open.
It won’t write your business plan. It won’t get you customers or a perfect model. But it can give you what most young people with good ideas don’t have: time, money to survive, and someone on the other side asking how you’re progressing. And sometimes, that’s enough.
📌 What Is the Startup Voucher?
The Startup Voucher is a Portuguese public program for young people up to 29 years old who want to launch a business. You don’t need to have a company already — just a solid idea.
Selected participants receive:
A €900/month grant per person, for up to 9 months.
A €1,500 bonus at the midpoint and a €2,000 final prize if a company is created.
Mentoring and technical support from certified partners.
A maximum of two beneficiaries per team can receive the grant.
More than money, what this program offers is time and space to build something — not after hours, not while freelancing on the side, but with real focus.
⏳ Applications Are Closing on August 5th at 6PM
Applications are open now via IAPMEI’s platform. The current call is ongoing, and while future editions may happen, there is no official confirmation yet. If you’ve been hesitating, this may be the time to act .
We are just a few hours away. Don’t let hesitation cost you a year. And don’t let someone else take your spot because you were still drafting your pitch.
🎤 Interview with Inês Cunha
The program didn’t guarantee success. But it gave me the chance to take myself seriously.
To understand what this program really does, I spoke with Inês Cunha, who joined the Startup Voucher with her project Diabetics Market at age 27. She created the company, went through the full experience — extended to 12 months due to COVID — and eventually closed it. Still, she sees it as one of the most defining professional decisions she ever made.
Here’s our conversation:
Where did the idea for Diabetics Market come about?
It was personal. I’ve had type 1 diabetes since I was a child, so I knew the problem first-hand. Over the years I realized how difficult it is to find suitable products, reliable nutritional info, or even just safe online options. The idea was to build a curated marketplace — a platform that made life easier for people with diabetes.
What made you apply for the Startup Voucher?
I believed in the project, but I didn’t have the financial means to test it or invest in it properly. The Startup Voucher gave me the space to work on it full-time — without worrying about how to pay the bills in the meantime.
How was the application process?
The process was quick and manageable — I handled it myself. Honestly, I was surprised. It was the first time I felt that the public system was backing a project I created.
What was your experience during the program?
I worked from home, built the platform, tested solutions, and did user interviews. The structure helped a lot. I had regular check-ins with my mentor, which kept me accountable. It wasn’t pressure — but it gave rhythm and direction to my weeks.
Why did the company eventually close?
COVID accelerated online shopping, but it also opened up access to many suppliers that consumers couldn’t reach before — including international ones. That made our value proposition less relevant. We tried to adapt, but we weren’t fast enough. That was the lesson: timing matters, and adaptation is everything.
Did you feel like the experience was worth it?
Absolutely. The company didn’t survive, but I don’t consider it a failure. I had the chance to apply everything I learned in my degree to a real project. That experience later helped me get hired by a private company, and today I work as a consultant at a leading consultancy firm. None of that would have happened without the Startup Voucher.
What would you say to someone considering applying?
Just apply. Don’t wait to feel “ready.” You won’t ever feel completely ready. If you have an idea you care about and you want to take it seriously, this program gives you that shot. Worst case, you’ll learn a lot. Best case, you’ll build something real.
đź§ Final Thoughts
Portugal has no shortage of talent. What it lacks, often, is structured opportunities to let that talent try and fail with dignity. The Startup Voucher doesn’t promise results. It promises time. And if you’re in that early, critical moment when you just need someone to believe in your idea long enough for you to test it — this is that belief, in policy form.
You won’t get many chances like this. Apply before someone else does — and shuts the door on your timing.
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