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Corvo establishes business incubator to boost innovation

The municipality of Corvo, in the Azores, is launching a business incubator to foster innovation on the island, prioritizing local residents.

25 August 2026Tagblick Newsdesk

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Archive photo: Corvo establishes business incubator to boost innovation — Archive photoPhoto: Wikipedio02 · Wikimedia Commons · CC BY-SA 4.0

The municipality of Corvo, located in the Azores, has initiated the project to establish a business incubator aimed at promoting innovation on the island. This project seeks to support the development of new business initiatives while revitalizing the historic center of the locality.

The Corvo City Council is investing over 411,000 euros in the refurbishment and adaptation of a building in the historic center, which will house the new incubator. Construction work has been underway since February.

The mayor of the municipality stated that the incubator will prioritize 'corvinos', the island's residents, but does not exclude the possibility of accepting companies from outside. This approach aims to encourage both local creativity and the attraction of external investment.

This project is seen as an opportunity to boost the local economy by offering support to new entrepreneurs and diversifying the island's economic activities.

Local authorities emphasize the importance of the initiative for the community, aiming to create a more conducive environment for innovation and revitalization of Corvo's business fabric.

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