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Luxembourg is an attractive location for innovative startups, with a significant increase in incorporations over the past decade. The country is home to a lively community of startups active in areas such as digital, fintech, healthtech, creative industries, space and indutech.
Most founders are international entrepreneurs, choosing Luxembourg as a showcase market to understand customer needs and develop their offering for the wider EU market. The reasons for this are many, including:
Luxembourg differentiates itself from other larger hubs by offering personalised support to each startup. Young companies in Luxembourg benefit from a close-knit ecosystem where various players work seamlessly together and guide them to a wide range of specialists who can advise them at every stage of their journey.
The local ecosystem also facilitates connections with large companies, investors, specialised advisors and other valuable partners.
From virtually nothing to a thriving community in less than two decades – the development of Luxembourg’s startup ecosystem exemplifies the country’s “can-do” attitude and open-mindedness toward entrepreneurship. Luxembourg's public initiative "Startup Luxembourg" represents and unifies all the players of the ecosystem. The Dealroom platform provides detailed information on Luxembourg startups and connects them with investors
A number of incubators and accelerators are joint initiatives between private businesses and public bodies. The public-private model is the cornerstone of Luxembourg’s vision for its startup ecosystem. Instead of competing, incubators work together and are open to help each other’s startups when needed.
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