The accelerator, managed by AICEP Portugal Global and the global open innovation company SOSA, will support Portuguese scale-ups in their expansion goals in the United States.
– Uzi Scheffer, CEO of SOSA
NEW YORK CITY, NEW YORK, United States, November 11, 2021 /EINPresswire.com/ – Following the growing momentum of Portuguese innovation and entrepreneurship, AICEP Portugal Global and SOSA are launching Portugal Tech NYC, a program accelerator to equip the Portuguese upscaling tech companies with the necessary tools to gain a foothold in the respective US tech ecosystems and advance their further expansion goals.
AICEP Portugal Global, the Portuguese Trade and Investment Agency, announces its first accelerator with SOSA in New York; the first cohort includes technology companies at the forefront of innovative financial technology and insurance solutions in lending and credit, omnichannel banking, regtech, digital travel as a service, automation data capture and low-code / no-code conversational AI.
The latest Portugal Fintech Report 2021 highlighted the country’s upward trajectory as an international hub for entrepreneurship. Portugal’s vibrant tech ecosystem is primarily attributed to its international nature, high concentration of talent, growing international capital flows, and proximity to mature local investors. As a result, the country currently has five unicorns (more than Spain, Italy and Greece combined), is the 4th technology leader in the European Union, and is home to strategic organizations such as the Web Summit and the European Startup. Nations Alliance (ESNA).
AICEP’s partnership with SOSA will allow five innovative Portuguese tech companies to first immerse themselves in New York City’s tech ecosystem, intensely equipping them to expand in the United States and beyond. target markets. Tech companies will participate in a series of scale-focused workshops and mentoring sessions held to develop a successful fit between the product and the U.S. market, as well as significant business and investment growth opportunities. In New York, the four-month accelerator will end with a demonstration day that coincides with the Portugal Economic Forum 2022.
Selected companies include:
– ebankIT is an omnichannel digital banking solution, helping organizations to deploy dynamic banking services for both their clients and their internal team.
– DocDigitizer helps businesses automate their manual, labor-intensive, document-based workflows.
– ITSCREDIT offers an omnichannel digital lending platform for the entire credit life cycle.
– VISOR.AI provides a low-code / no-code conversational AI platform for businesses looking to reduce frequent and unhelpful interactions within their contact centers.
– LOQR provides a fully compliant end-to-end platform for banks and other financial institutions to take the next step towards a digital, customer-centric banking experience.
“This initiative is a clear sign of our commitment to foster the growth of Portuguese companies in international markets. The Portugal Tech NYC program is an integrated response to the needs and challenges of these technology companies to succeed in a highly competitive market such as the United States “, as mentioned by João Mota Pinto, American director of AICEP – l Portuguese Agency for Trade and Investment.
“The demand for innovative fintech solutions is growing exponentially across the world, as traditional industries transform. Through our partnership with AICEP and our deep visibility into market needs, SOSA will support Portuguese fintech scale-ups as they seek to consolidate their fit between the product market and the US market, “says Uzi Scheffer , CEO of SOSA.
About AICEP Portugal Global:
The Portuguese Trade and Investment Agency is a government entity focused on attracting productive investment, increasing exports and internationalizing Portuguese businesses to boost its economy. AICEP is a “one-stop-shop” agency and the ideal partner for those looking to invest in Portugal or to establish new strategic partnerships to develop their business.
With offices in Portugal and abroad, AICEP supports international companies investing in Portugal through project analysis, selection of site facilities and human resources advice. With a global network present in more than 50 markets, AICEP oversees the internationalization and exports of Portuguese companies, supporting them throughout these processes by investing in research and development of products and services.
For more information visit portugalglobal-northamerica.com
SOSA is a global open innovation company that builds strong relationships within the technology ecosystem and even stronger cross-cutting open innovation programs. By identifying advanced technological solutions and innovative models, SOSA works with businesses and public entities to implement solutions that lead to business growth and successful digital transformation.
Since opening the doors of SOSA Tel Aviv’s headquarters in 2015, the company has established locations in New York and London to support global open innovation activities. SOSA partners include multinational companies such as HP, Schneider Electric, SwissRe, RBC, Rafael, Tokio Marine and government entities such as the Australian government, CNI (National Confederation of Industry in Brazil) and the Basque government.
For more information, visit www.sosa.co
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