By the Managing Director Technology Lead at Accenture Portugal, Paula Francisca Fernandes
Portugal Business News - Portugal has emerged as one of the main centers of tech talent in Europe.
Portugal: The Small Country with Huge Talent
Portugal has emerged as one of the main centers of technological talent in Europe. With an increasingly skilled, flexible and innovative workforce, the country has attracted the interest of large technology and non-technology companies from all over the world.
I invite you to explore the reasons why the TECH market in Portugal continues to flourish, from the quality of higher education to the unique cultural characteristics that shape local professionals:
Flexibility and the "Uncluttered" Mind
One of the most distinctive characteristics of Portuguese professionals is their adaptability and flexibility. The famous "resourcefulness" is a term that is unique to the Portuguese mindset, and it describes the ability to find creative solutions to problems in real time. In the technological world, where rapid change and problem solving are the norm, this ability is a valuable asset. Global companies recognize this trait as a competitive advantage of Portuguese talent, especially in agile work environments.
Fluency in English: An Attraction Factor
The high level of fluency in English among Portuguese professionals is another attraction factor. Studies show that around 90% of young Portuguese speak English, which makes the country one of the most proficient in the language in Europe. In a globalized technological world, communication skills are crucial, and Portugal offers a base of workers ready to interact with colleagues and customers from anywhere in the world.
Excellence of Portuguese Universities
Portugal has world-class universities, recognized for their quality of teaching in technological areas. Institutions have invested heavily in computer science, engineering and innovation programs, training highly qualified professionals who respond to the needs of the global market.
Labor Cost as a Competitive Differential
Besides quality, the competitive cost of labor is another factor that has attracted international companies to the Portuguese market. Compared to other Western European countries, Portugal offers a highly skilled workforce with significantly lower costs. This combination of excellence and economy allows global companies to obtain high value from their investments in talent, by reducing operating costs without compromising the quality of work.
Global Companies Attracted to Portugal
The characteristics of Portuguese talent, combined with excellent academic preparation, are great attractions for international companies. According to the 2023 report of CBRE Tech Cities, cities like Lisbon and Porto have been highlighted as growing technological hubs.
Another highlight is the Portugal Tech Visa, a program that facilitates the arrival of highly qualified foreign workers, complementing local talent and making the country an even more attractive destination for companies looking to expand their operations.
Conclusion
The Portuguese tech market combines a unique range of factors that make it highly attractive for global companies: From the adaptability and innovation of professionals, through high fluency in English, to the quality of training at the country’s best universities and competitive labor costs, Portugal has proven to be a center of excellence in the technological sector. Favorable policies and a competitive business environment only strengthen this position, consolidating the country as one of the most promising technology hubs in Europe.
Author: Paula Francisca Fernandes, Managing Director – Technology Lead at Accenture Portugal
About Paula Francisca Fernandes: Portuguese woman among winners of Microsoft Power Women Awards
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