Remenue receives European Union funding through Centre for Economic Development, Transport and the Environment (ELY) for a project concentrating on market research for cardiac services business in Portugal
Remenue has received an EU funding of 16 663€ through Centre for Economic Development, Transport and the Environment (ELY) which represents 60% of the total budget of the project. The project is focused on exploring the market opportunity of initiating and expanding a cardiac arrhythmia reporting service business in Portugal and estimating the potential to expand the business from Portuguese market into other European markets in the future. Portugal has been chosen as the primary market to focus the research as it is a compact, good size market to launch operations with its manageable cost level, good availability of skilled labour and a growing demand for new clinical services such as cardiac arrhythmia analysis and reporting services.
Through this market research Remenue will evaluate the possibility to establish international business in the Portuguese market based on the current competitive situation of the market, the current needs and demands of the market and overall market potential. The duration of the project is 6 months, started on the 31st of March 2025 and ending on the 30th of September 2025.
