Banco Português de Fomento

Banco Português de Fomento (BPF) is the national development bank of Portugal, established in 2020 through the merger of several state-owned financial institutions. The bank's primary mission is to support the economic and social development of Portugal by providing financing solutions to small and medium-sized enterprises (SMEs) and mid-caps. BPF manages various financial instruments, including credit lines, guarantees, and equity investments, often acting as an intermediary for European structural funds. While not a healthcare company, it plays a critical role in the Portuguese life sciences ecosystem by funding biotech startups and healthcare innovation through specialized venture capital programs and the Recovery and Resilience Plan (PRR). The institution aims to address market failures in the financial system and promote internationalization and sustainability within the Portuguese economy.