News
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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Gaining a foothold in Europe: The keys to success
04-05-2023
The time has come for your company to expand globally and get a footprint in Europe. But how do you succeed? What are the pitfalls, the steps that are easily overlooked and the main success factors? Four Luxembourg-based experts with decades of experience share their insights on how to make the ride to Europe as smooth, speedy and successful as possible.
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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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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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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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Fortress, history, identity
10-03-2023
Art and history lovers can find their heart’s desire in Luxembourg City by walking along the so-called MuseumSmile, which is home to no less than seven museums.
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University of Luxembourg ranks 4th worldwide for its high international outlook
09-03-2023
The University of Luxembourg was ranked among the top 250 universities in the world in the Times Higher Education World University Rankings 2023. The multicultural and research-oriented university in Luxembourg, comprised of over 50% of foreign students, was ranked fourth in the world for its international outlook.
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Luxembourg bags world’s best in talent attraction twice in a row
03-03-2023
Luxembourg’s reputation as the world’s top talent magnet has once again been acknowledged in the 2022 Global Talent Competitiveness Index. For the second year in a row, the Grand Duchy retained its no. 1 position for attracting talents and was ranked 11th out of 133 countries assessed in the index, making it one of the top performers globally.
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Luxembourg’s AAA credit rating affirmed by Fitch and Scope
27-02-2023
Luxembourg retained its AAA rating with a stable outlook in the most recent Fitch and Scope ratings. Both credit rating agencies based their conclusions on Luxembourg’s high economic resilience, good governance indices, and robust public finances. Key takeaways from the rating agencies’ evaluation are detailed below.
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Artec 3D inaugurates new production facility in Luxembourg
21-02-2023
Luxembourg-based 3D scanning solutions manufacturer, Artec 3D, expands its presence in the grand duchy with the opening of a new production facility in Senningerberg.
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“Find a place you love”
15-02-2023
When international companies choose the location for their European office, there are a number of factors to take into account. Fedor Antonov, CEO of continuous fibre 3D printing specialist Anisoprint, highlights a range of considerations not to overlook, and recommends company executives to give priority to spending time in their new location.
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Connectivity is key
14-02-2023
The Luxembourg Trade and Investment Offices (LTIOs) are key relays for international companies interested in expanding their business to Europe through Luxembourg. We spoke to Tania Berchem, Executive Director of LTIO Taipei, about challenges, success factors and how she and her team can help.
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A very innovative country
09-02-2023
Charlotte Pedersen, Non-Executive Director and company owner of Pegasus Consilium, came to Luxembourg from Denmark in 2009. She shares her experience of what it is like to do business and live in Luxembourg.
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Top-level security standards for Luxembourg supercomputer
07-02-2023
As LuxProvide, the company in charge of Luxembourg’s supercomputer MeluXina, expands its cooperation with companies, it is implementing an advanced security system to ensure that customers can process their data in a climate of complete trust.
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Entering the metaverse market
02-02-2023
Often considered as the next iteration of the internet, the metaverse is expected to play a key role in the digital transformation of the economy. But is it just hype, or a trend with real substance? We spoke to Arnaud Lambert, Director Digital Transformation, and Sara Bouchon, Director Market Intelligence at Luxinnovation, to find out more.
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Launch of the Humanitarian Innovation Accelerator call for projects
01-02-2023
From today on, the call for projects of the Humanitarian Innovation Accelerator (HIA) will be open to national and international applications in order to promote innovative solutions in support of the global humanitarian sector. Applications can be submitted until 1 March 2023.
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“Break down the diversity barriers”
30-01-2023
Opening a first European office is a big step for many international companies that do not only need to handle business aspects, but also cultural and linguistical challenges. Toshihiko “Toby” Otsuka, CEO of Rakuten Europe, shares how this Japanese company managed to overcome such barriers when establishing its European headquarters in Luxembourg.
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“Revalidate your assumptions”
23-01-2023
Argentine digital health company ViewMind opened its European office in Luxembourg a few years ago. Mark Edwards, CEO, and Matias Shulz, COO of ViewMind, share their insights into key points to keep in mind for international companies that target the European market.
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