The Indico Acceleration Program 
The Leading ICT Acceleration Program in Portugal that selects the best pre-seed Portuguese startups and helps them to build and scale-up world-class digital businesses.
Applications
The first edition of the accelerator started in July 2020 after a screening of over 140 candidate companies.
Batch Size
Our team has selected less than 5% of the applicants. We are currently working with these 7 teams on product and business development.
Investement per Company
We have invested 100 thousand Euros per company and the fund will invest every year in a batch of new companies.
Accelerator Batches
We run one Accelerator program per year and we select Portuguese startups targeting global markets that have the potential to become global category winners.
Why Indico The leading institutional independent VC firm based in Portugal investing in global and sustainable technology companies.
Top-Notch Team
A dedicated and hands-on team with +50 years of combined investment and startup experience.
Deal Flow Preferential Access
A strong brand allows for preferential access to the best pre-seed opportunities in Portugal. Indico has screened over 1700 startups in the last two years.
Proven Track Record
Attractive returns in the current fund and high quality initial pre-seed portfolio (2020 batch).
Google for Startups Partners
The program provides companies with access to best of Google - its technology, network and people.
Portuguese Market Dynamics
Excellent market momentum, with high-quality deal-flow and lack of smart-money financing.
Wide International Network
Indico is the preferred co-investment partner in Portugal for several Top international VCs.
Fully Dedicated Superior Investment and Company Development Team
Stephan Morais
Managing General Partner Former CEO and entrepreneur with 20+ years of investment, entrepreneurship and management experience.
Ricardo Torgal
General Partner Investment experience in multiple environments, including backing the most prominent local startups.
Cristina Fonseca
Venture Partner Founder, entrepreneur and angel investor, passionate about technology.
Rui Rodrigues
Principal Investor and consultant with previous experience in Private Equity and Venture Capital.
João Martins
Program Manager Previously Senior Marketing Manager; 15+ years of Asian experience.We are Fully Compliant With the Portuguese Golden Visa Program
Enjoy the benefits of the Portuguese GV Program: no taxes on foreign income, full family residency, flexibility with a low residency requirement and a potential EU citizenship after 5 years of residency.
We Issue the necessary documentation for the Golden Visa application. All investors are previously subject to KYC procedures by Indico Capital. Indico Capital complies with the main international financial reporting requirements, namely FATCA (US) and CRS (remaining OECD countries). The Fund is audited by an international audit firm (Baker Tilly). No hidden fees charged by Indico Capital.