Intellectual property group Frontier IP PLC (LON:FIPP) has inked a deal with the Universidade NOVA de Lisboa, Portugal to assist with its spin-off and licensing activities emerging from research programmes.
The partnership is Frontier IP's second in Portugal.
Chief executive of the AIM firm Neil Crabb said: "We are delighted that FCT NOVA has chosen us as its commercialisation partner.
"This agreement gives us access to FCT NOVA's excellent research base and builds on the strong relationships with the industrial partners and academic institutions which we have already established in the region.
"We are looking forward to working with FCT NOVA to further develop and commercialise its strong intellectual property portfolio."
FCT NOVA is an active research collaborator, both within Portugal and internationally, and its partners, among others, include Massachusetts Institute of Technology (MIT), the University of Carnegie Mellon and the University of Texas at Austin.
The signing of the agreement was attended by Her Majesty's Ambassador to the Portuguese Republic, Mrs Kirsty Hayes.
Frontier IP shares gained almost 8% on the day to 35.75p.