From cakes to tech, bold startups defy Portugal crisis
date:Dec 26, 2012
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CHALLENGING OLD WAYS

The debt crisis has hammered the economy, depriving it of easy bank loans and state funding, but it is also helping to drive change, forcing entrepreneurs to come up with clever, detailed business plans to be noticed by precious few investors, who typically pick just 1-5 deals from 100 proposals.

These ideas are slowly beginning to challenge the traditional way of doing business in Portugal that is often criticised as too near-sighted and lacking a
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