University of Algarve launches the 7th edition of the "Ideias em Caixa” Competition

The University of Algarve, through the Entrepreneurship and Technology Transfer Division - CRIA, in partnership with the Algarve Region Business Association (NERA) and the National Association of Young Entrepreneurs (ANJE), is organising the 7th edition of the “Ideias em Caixa” competition.  Applications are open until 14 May 2021 and can be submitted at

This initiative, which aims to stimulate entrepreneurship and the creation of new companies in the region, is offering prizes worth 5,000 euros to the winners, making a total of 30,000 euros, in the following six categories: I&DT - Caixa Geral de Depósitos Award, Cultural and Creative Industries (ICC) and Information, Communication and Electronic Technologies (TICE), Agri-food, Health and Well-being, Renewable Energies and the Sea.

The competition has three distinct phases. The last one culminates last with the presentation of business models to the jury.  Until the final stage, all participants in this contest will have access to a set of maturation seminars and workshops, where they will develop their business ideas through specialised consultancy in the different areas of business creation and management, marketing, finance, obtaining financing, and other topics.

Since its first edition, this initiative has registered more than 400 applications, having supported the creation and consolidation of more than 40 companies in the region, thus contributing to the creation of value for the entrepreneurial ecosystem of the Algarve region.

This initiative is one of the core activities of the Restart Algarve project: Regional Entrepreneurship Support Network, co-financed by the Support System for Collective Actions - Promotion of Entrepreneurship, of the Regional Operational Programme of the Algarve 2014-2020 (CRESC Algarve 2020). The project is developed in partnership with the Business Association of the Algarve Region (NERA) and the National Association of Young Entrepreneurs (ANJE).

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