The Luxembourg Trade & Invest year in review

As 2024 draws to a close, it is the perfect moment to reflect on a year filled with milestones, innovation and partnerships. Let’s review some of the highlights from Luxembourg Trade & Invest’s activities in 2024 and celebrate the connections and achievements that marked our journey.

5 key events

From hosting high-profile gatherings to representing Luxembourg on the global stage, our 2024 events calendar aimed to foster international business. These are five standout moments that captured attention both onsite and across social media:

• State visit to Belgium (April): Over 125 Belgian and Luxembourg companies engaged in an ambitious economic programme to strengthen cross-border business and innovation partnerships
• Trade mission to Japan (June): Luxembourg companies deepened their connections with Japan, while Japanese businesses discovered Luxembourg as a prime springboard to Europe
• Seoul Business Forum (July): Coinciding with the inauguration of Luxembourg’s embassy in Seoul, this event brought together South Korean and Luxembourg participants to explore dynamic collaboration opportunities
• Nexus 2050 (July): Held in Luxembourg, this major tech event attracted international companies seeking opportunities to expand their European footprint
• Luxembourg-Portugal Business Forum (November): This event opened new doors for partnerships and further strengthened bilateral business relations

5 much-read articles

Our articles in 2024 aimed to inspire and inform businesses interested in Luxembourg. Here are five of those that resonated the most with our readers:

• Xavier Bettel’s vision: The new Minister of Foreign Affairs and Foreign Trade shared his plans for promoting Luxembourg as a strategic hub for international companies
• South Korean innovation: The incorporation of smart window specialist Vsion showcased Luxembourg’s appeal as a tech-driven business location
• Living and thriving in Luxembourg: Former Talkwalker CEO Lokdeep Singh shared why he considers Luxembourg not just a great place to do business but a fantastic place to live
• Sustainable composite materials: New solutions for transport equipment manufacturers developed by the Luxembourg Institute of Science and Technology
• Pony.ai’s partnership: This California-based mobility company launched a collaboration with Luxembourg to continue its global expansion

5 incorporations in Luxembourg

This year, we had the pleasure of interviewing several innovative companies that chose Luxembourg as their European hub. Here are five of them:

• Flylab: An agritech startup with roots in Asia, now operating its global HQ in Luxembourg
• Codepresso: A South Korean pioneer in skills assessment and management software
• Teraki: A German company focusing on AI-driven solutions for autonomous vehicles
• WEDOS: The Czech cybersecurity specialist relocated its global HQ to Luxembourg
• Thermalytica: A Japanese startup innovating in insulation technologies for terrestrial and space applications

5 key announcements

2024 also brought a host of exciting announcements aimed at reinforcing Luxembourg’s position as a business and innovation hub. Here are five that shaped the year:

• Dataspace 4 Health: A groundbreaking health data ecosystem designed for secure and compliant exchanges in Luxembourg and beyond
• Joining the DIANA network: NATO’s accelerator and test centres network fostering dual-use innovation for defence and security
• The lunar economy accelerator: The launch of the world’s first business accelerator focused on the lunar economy, spearheaded by the Luxembourg-based European Space Resources Innovation Centre (ESRIC)
• Quantum computer: Plans to establish a quantum computer for both research and industrial use
• Automobility incubator launch: A new home for cutting-edge mobility companies

Photo credits: Image by StockSnap from Pixabay