We are proud to announce that FootAR has been recognized as one of the top 25 most promising Startups in Portugal, according to the Scaleup Portugal Report 2024 by BGI and EIT Digital.
What makes this achievement even more remarkable is that FootAR is the only Startup from Madeira Island to earn a spot on this prestigious list — a true milestone for our island and a testament to the incredible talent and ambition thriving here.
Leading the Way in AR and VR Innovation
The report analyzed 334 Portuguese tech Startups, generating a combined total revenue of €188 million in the past year. Among these, the 25 highlighted companies collectively generated €87 million. We are thrilled to be part of this elite group, especially in a country that continues to foster innovation and entrepreneurial spirit.
FootAR’s recognition reflects not just our rapid growth, but also the growing importance of AR and VR solutions in shaping the future of industries like sports. Being the sole representative of Madeira among 334 analyzed Portuguese tech Startups is a proud moment for us and showcases the island’s capability to compete on a national level. Check the full article here.
A Bright Future for FootAR
As we continue to scale and expand our impact, FootAR is committed to driving further growth and innovation in the AR and VR space. The future looks bright, with Portugal’s digital economy showing consistent growth, especially in the tech sector. According to the report, startups in Portugal have contributed a remarkable €61 million in gross added value in 2023 alone, reinforcing the role of startups in shaping the future of the digital economy.
We are excited to be part of this journey, contributing to a growing sector that positions Portugal as a key player in the global digital economy.
Looking Ahead
FootAR is excited to be part of this vibrant and evolving ecosystem, and we look forward to the opportunities that lie ahead in the coming years. Stay tuned for more updates as we continue to innovate and grow!