The Portugal Finlab is a communication channel between entrepreneurs and the Portuguese financial authorities. Through this channel, the regulators give guidelines to the projects submitted to them. The purpose of the Portugal Finlab is to support the development of projects and companies that are genuinely innovative.
It is the result of a partnership between Portugal Fintech, Banco de Portugal, CMVM, and ASF. By joining forces with the Portuguese financial authorities, we are able to create a better environment for the development of fintech businesses and projects and follow the global growth trend of this sector.
Through Portugal Finlab, the entrepreneurs will be able to receive an opinion about the regulatory issues that may arise from the implementation of their projects. The opinion comes in the format of a single document where all the regulators state their concerns and signal regulatory red flags to the candidates in order to enlighten them about the limits imposed by the Portuguese legislation.
The Innovation Hub is divided in two batches.
The applications deadline for the first batch are open between September 10th and October 7th.
The applications made during the first batch will be analysed by the regulators. The results of the analysis and selection process will be released on October 29th.
This process will take place for the second batch.
The application process will start on November 5th and end on December 3rd. The analysis and selection phase will occur until 24th of December.
Both bathes will end, respectively on January 21st and February 18th, with the communication of the regulator’s opinion to the participants.
FinLab's 1st edition