News
10 start-ups graduated from Fit 4 Start #13 and calls are now open for Fit 4 Start #14
30-06-2023
The Graduate Showcase 2023 of the Fit 4 Start programme highlighted 10 start-ups. The calls are now open for Fit 4 Start #14.
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Executive Director's blog
22-06-2023
Over the years, bilateral ties between Luxembourg and the GCC countries have gradually expanded. The focus is on the trade of goods and services, boosting FDI, and collaborating across sectors including ICT, health, logistics, and space.
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Luxembourg 8th most attractive European country for foreign direct investment
19-06-2023
11% of investors rank Luxembourg as one of the top three countries in Europe that are most attractive for foreign direct investment according to the EY’s Luxembourg Attractiveness Survey 2023. While investment is primarily driven by the financial sector, the digital economy is expected to be a significant driver of growth.
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New capital injection into Luxembourg's Digital Tech Fund
16-06-2023
On 15 June 2023, Minister of the Economy Franz Fayot announced that the Luxembourg state is investing alongside a group of investors in the creation of a new compartment of the Digital Tech Fund. The aim is to continue responding to the funding needs of innovative companies in their start-up phase and further consolidate the development of the Luxembourg start-up ecosystem.
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Luxembourg has 2nd highest level of tertiary education in the EU
14-06-2023
The European Union has set the target that at least 45% of the population aged 25-34 years should have attained tertiary education by 2030. Luxembourg already significantly exceeds this target and currently ranks 2nd among the EU countries.
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Supporting innovations that help other companies grow
13-06-2023
Fabien Amoretti, a successful serial entrepreneur, is the brains behind well-known Luxembourg companies such as Farvest Group, Great Place to Work Luxembourg, and Datapunk – the company that runs Hubfinance, a connection platform for finance experts. The French-Luxembourgish entrepreneur believes that Luxembourg offers an ideal ecosystem for launching martech and fintech firms and is an ideal place for data storage.
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Join the Humanitarian Innovation Accelerator pitching session
06-06-2023
On 29 June 2023, Luxembourg will host the final pitching session of the Humanitarian Innovation Accelerator call for projects launched by the World Food Programme to promote innovative solutions responding to global humanitarian needs. Innovative entrepreneurs from 14 countries will present their solutions and pitch for support, mentorship and funding.
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Echternach hopping procession: intangible UNESCO heritage
01-06-2023
Anyone passing through the Luxembourg town of Echternach on Whit Tuesday might have seen a curious sight: thousands of people, mainly dressed in black and white, hopping through the town’s medieval streets to a polka melody. This tradition, whose roots go back to the 15th century, has been recognised as an Intangible World Cultural Heritage by UNESCO.
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Executive Director's Blog
31-05-2023
Luxembourg is a highly advanced country in Western Europe with a strong and stable economy and a favorable business environment. The country has been actively promoting innovation and sustainability...
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Why choose Luxembourg for business? Discover our new video
31-05-2023
Have you ever considered benefitting from Luxembourg as the launch pad to the European market for your international company? Join us in our innovative virtual studio to discover why you should!
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Webasto invests in new production line in Luxembourg
26-05-2023
Automotive supplier Webasto has been present in Luxembourg since summer 2022 and is turning the facility here into its global centre of competence for smart glazing. The company is now investing in a new Luxembourg-based production line for high-tech glass. The ground-breaking ceremony was held on 24 May 2023.
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House of Sustainability opens in Luxembourg
23-05-2023
The House of Sustainability, which officially launched on 21 April 2023 as a one-stop shop for all sustainable development solutions in Luxembourg, offers and guides companies toward an all-inclusive service offering available in Luxembourg to support their sustainable transition. Companies of all sizes and from all sectors can benefit from a vast ecosystem of sustainable solution providers based in Luxembourg.
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Two Luxembourg start-ups supported by WomenTechEU
15-05-2023
In the framework of the WomenTechEU programme dedicated to innovative deep-tech projects led by women, two Luxembourg companies, supported by Luxinnovation, have received European financial aid.
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Luxembourg: Exceptionally open to business
15-05-2023
In April 2023, Adrian Trömel, Luxembourg’s Foreign Trade Advisor in Texas, co-organised a visit to Luxembourg for a group of Houston-based venture capital, private equity and real estate firms to explore how the Grand Duchy could help them reach the European market. The similar economic interests, including Luxembourg’s openness to business, services and resources for funds and companies looking to grow left a lasting impression on the delegation.
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Innovative companies in Luxembourg are supported by “a strong network”
10-05-2023
Maxime Delmée, Belgian CEO and co-founder of AM 4 AM, a startup specialised in the development of new materials for additive manufacturing and a graduate of the Fit 4 Start acceleration programme in Luxembourg, discusses his entrepreneurial experience in Luxembourg. He explains that Luxembourg’s openness to innovation and its support for startups was crucial to his company’s development.
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Luxembourg kicks off European precision medicine initiative Clinnova
05-05-2023
Clinnova, an international project involving clinicians and researchers from Luxembourg, France, Germany and Switzerland, was officially launched in Luxembourg on 27 April 2023. The initiative is aimed at realising the benefits of precision medicine for treatment decisions through data federation, standardisation and interoperability.
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Connecting US businesses with Luxembourg
04-05-2023
Paul Binsfeld, Luxembourg’s Honorary Consul to Arizona and New Mexico, is passionate about connecting businesses in the US with Luxembourg, and vice versa. We caught up with the experienced entrepreneur and company executive during a recent trip to Luxembourg to speak about what the Grand Duchy can offer American companies and how he can help.
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Astroport establishes European subsidiary in Luxembourg
02-05-2023
US-based space construction and materials manufacturing company Astroport Space Technologies has established a European subsidiary in Luxembourg. This announcement was made during the European Space Resources Week from 19 to 21 April 2023.
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A passion for steep climbs
01-05-2023
Often referred to as Luxembourg's Little Switzerland, the Mullerthal region in eastern Luxembourg is renowned for its hilly landscape, forests and, most of all, unique sandstone rock formations. An interesting challenge for rock climbers.
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“We are lucky to have Luxinnovation’s support”
27-04-2023
Since its creation in 2017, SolarCleano has developed an impressive range of remotely guided and autonomous solar panel cleaning robots. Conducting all its R&D activities in-house, the highly innovative company has worked with Luxinnovation’s support to find funding for consecutive R&D projects, get in contact with new partners and suppliers, and implement new IT tools through the agency’s Fit 4 Digital programme.
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Executive Director's Blog
19-04-2023
In the introduction to this month’s newsletter, I would like to emphasize the key points made in an excellent article “How to succeed with your expansion into Europe”. It contains 13 tips from company executives.
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How to succeed with your expansion into Europe: the company executives’ top tips
12-04-2023
International companies that decide to expand to Europe generally base their decision on thorough analyses of market potential, competition and so on. However, there are other key points that might make the difference between failure and success. We spoke to four executives of companies that use Luxembourg as their base for growing in Europe, and highlighted 13 essential factors that can help you get it right from the very beginning.
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Luxembourg Future Fund 2 to support diversification and sustainable development
06-04-2023
The Luxembourg government has recently launched a new equity investment fund, the Luxembourg Future Fund 2. With €200 million in total financing commitments between Luxembourg state bank SNCI (up to €160 million) and the European Investment Fund (up to € 40 million), the LFF 2 provides additional firepower in support of innovative projects in Luxembourg.
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Luxembourg among the world's 10 happiest countries
05-04-2023
Luxembourg confirms once again its position as one of the world's happiest countries. It ranks 9th in the 2023 World Happiness Report.
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Visit the Luxembourg pavilion at the International Cybersecurity Forum in Lille
30-03-2023
More than 600 exhibitors will be heading to the 15th edition of the International Cybersecurity Forum in Lille (FIC) from 5 to 7 April 2023. Luxembourg has been present at previous FIC editions and will have a strong presence at the forum this year with approximately 30 companies and research organisations represented at the Luxembourg pavilion.
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University of Luxembourg inaugurates fintech centre of excellence
29-03-2023
On 29 March 2023, the University of Luxembourg inaugurated its National Centre of Excellence in Financial Technologies. The interdisciplinary centre will focus on the technological challenges and opportunities of the financial industry.
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Executive Director Blog
28-03-2023
In 2022, the EU-UAE trade in goods increased by an impressive rate (28%) from EUR 39.3 Billion in 2021 to EUR 49.6 Billion in 2022 out of which the EU export was EUR 35.7 Billion.
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Year-on-year inflation lowest in Luxembourg
28-03-2023
Luxembourg recorded the lowest annual inflation rate in member states in January 2023, according to the figures published on 23 February by the statistical office of the European Union, Eurostat. The flash estimates for February released on 2 March also show that Luxembourg maintained the eurozone’s lowest inflation record.
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Mission to Latvia presents potential business opportunities
21-03-2023
A high-level business delegation comprising of 20 Luxembourg companies participated in the three-day official trade mission to Latvia, where an intensive economic and business programme was unpacked, with over 90 B2B meetings taking place on the side-lines. Luxinnovation’s Head of International Relations, Jenny Hällen Hedberg, underscored the effective collaboration between the organisers of the mission and key areas of interest that were identified as a result of interactions between Luxembourg-Latvian counterparts.
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How to succeed with your expansion into Europe: the experts’ top tips
14-03-2023
Some success factors for international companies wanting to expand into the European market are quite obvious: having the right product/market fit and an offering that suits the culture and behaviour of European customers and finding the right business partners, for example. Others are less evident, but can be at least as important. We put together 9 key points from Luxembourg-based experts with decades of experience of advising international businesses about their entry to Europe.
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