Productive Innovation - Portugal 2020

FINAO BIOTECH is a SME, created in July 2010 and headquartered in the BioBIP incubator at the Polytechnic Campus of Portalegre and is currently dedicated to licensing and marketing health products. With this project, the company seeks a more active position in the value chain of medical devices and health products, becoming a producer/manufacturer of medical devices (pharmaceutical preparations) and food supplements.

To achieve these goals, the company will build an industrial unit at the Industrial Park of Portalegre. This plant will produce solid, semi-solid and capsule medical devices and health products. The range of products to be produced involves gel, hydrogel to be impregnated in dressings, olive oil emulsions and açaí solutions.

Project title | Productive Innovation
Project code | ALT20-01-0853-FEDER-046348
Objectives of the operation | Strengthening the competitiveness of SME
Intervention region | Portalegre, Portalegre, Alentejo
Beneficiary | Finao Biotech, Lda
Incentive System | European Regional Development Fund

Approval date | February 25, 2020
Start date | February 1, 2020
Conclusion date | January 31, 2022
Total eligible cost | 544 527,30 euros
European Union financial support | 326.716,38 euros