Mayor Rio highlights Braga’s excellent progress regarding innovations


Mayor of Braga Ricardo Rio participated in the second edition of the Startup Capital Summit, which was held at Convento São Francisco, in the Portuguese city of Coimbra last week.

He spoke on a panel with José Manuel Silva, president of the Coimbra Municipal Council, and Ricardo Valente, councilor of the Porto Chamber, on the topic of “How to Build Local Innovation Hubs.”

The event, which took place for the first time in 2019, brought together over 100 national and international professionals and over 1000 attendees, including startups, entrepreneurs, policymakers, investors, researchers, and students, Braga City Council stated on social media. The initiative serves as a hub for networking and discussion about Portugal’s future in terms of innovation, entrepreneurship, technology transfer, and venture capital.

Mayor Rio stated: ‘’We have an entrepreneurial capacity installed over the last few years, a diversified business world with some of the most innovative companies in our country and, above all, centres of knowledge production and training of highly qualified senior staff – such as the University of Minho, INL, IPCA or the Catholic University – which are the main foundations for attracting and retaining talent.”

According to mayor Rio, the Municipality of Braga has attempted to utilize the advantages of its region in order to promote itself as a “natural destination” for those seeking to create and innovate. Rio cited the success of Bosch Car Multimedia in Braga, which has become one of the most innovative companies in the country and worldwide in recent years, having established two research and development centers.

“More than a productive unit, Bosch now develops new technologies from Braga, in a process that creates synergies, benefits all our economic fabric and supports the growth of jobs and export volume,” mayor of Braga Ricardo Rio also stated.

Braga’s thriving startup scene has helped it become a major innovation hub not only in Portugal, but in this region of Europe in general, over the last decade. (photo credit: