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Portugal Blue / Growth Blue I — Blue Economy VC Vehicle

Portugal Blue / Growth Blue I — Blue Economy VC Vehicle

Funds Portugal's blue economy through an equity vehicle co-backed with public partners and deployed by venture teams.

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Portugal Blue / Growth Blue I is a €28 million blue-economy venture capital vehicle co-financed in March 2023 by Fundo Azul acting as a limited partner alongside the European Investment Fund (EIF) and Banco Português de Fomento (BPF). Fundo Azul is an autonomous patrimony entity within Portugal's Ministry of Economy, administered by the Secretaria-Geral da Economia, whose statutory mandate is to s

Anchor LP equity commitment by Fundo Azul into the Portugal Blue / Growth Blue I blue-economy venture capital vehicle, co-financed with the European Investment Fund and Banco Português de Fomento, deployed via Portugal Ventures.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.
Project durationiHow long the funded work is expected to run.
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Equity
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.

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Last verified: 22 Jul 2026Source: oceans-and-fisheries.ec.europa.eu