Softinsa, a subsidiary of global tech giant IBM, has announced plans to open an innovation and technology centre in the northern Portuguese town of Vila Real, creating up to 300 highly-skilled jobs by 2025.
The project is a partnerhip between Vila Real city council, the Regia Douro Park science and technology park , Universidade de Trás-os-Montes e Alto Douro (UTAD), IBM Portugal and Softinsa and will particularly focus on developing “smart city” concepts.
In a first phase starting this year, work will take place at the Regia Douro Park and also on the UTAD campus, with the aim of enhancing connections between academia and the world of business.
Rui Santos, president of Vila Real city council commented: “This partnership with a global brand validates the strategy we have been following to enhance the profile of our area. It’s path of success that we want to continue to follow together with our regional partners”.
IBM president Ricardo Martinho added: “This centre, Softinsa’s fifth in Portugal, will plug into our network of international centres, taking advantage of important synergies and serving customers both in Portugal and overseas”.