“This project is underway and I really hope, more or less before the next Web Summit, that we can already physically have this Unicorn Factory in the place that is now the Hub do Beato, but already with a structure in a building that is currently being just built”, said the mayor of Lisbon, Carlos Moedas (PSD).

The Unicorn Factory, also known as Fábrica de Empresas, an idea that was part of the electoral program of the “Novos Tempos” coalition (PSD/CDS-PP/MPT/PPM/Aliança) in the 2021 municipalities, will be located in the Factory space at the Creative Hub do Beato and the idea is to allow large companies to help small companies grow and for Lisbon to be an “innovation capital”.

“We are building and implementing, as quickly as possible, the works in this area of ​​the Hub do Beato, for this Factory of Companies to be born there, which I often provocatively call a Unicorn Factory”, declared the mayor of Lisbon, noting that the works may have some delays, but the ambition is for the project to materialise later this year.