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Luxembourg’s strategy for data-driven innovation is aimed at making the country the most trusted data economy in Europe. The strategy has three focus areas:

  • Continuing the investments in the country’s top-notch digital infrastructure
  • Supporting businesses in the adoption of innovative digital technologies
  • Creating a favourable legal and financial environment

The strategy targets in particular six sectors: Industry 4.0, ecotechnologies, health technologies, logistics, space and financial services. Information and communication technologies (ICT) are at the very centre. The country offers a number of advantages to companies interested in using it as a base for developing and launching digital products and services for the European market.

Multi-sector digital economy support

Luxembourg is home to a dense network of organisations willing and open to helping companies fine-tune their products and services in fields ranging from fulfilling cybersecurity requirements to optimising artificial intelligence algorithms. They include several public research organisations, such as the ICT-oriented Interdisciplinary Centre for Security, Reliability and Trust (SnT) and the bioinformatics specialist Luxembourg Centre for Systems Biomedicine (LCSB), which both are part of the University of Luxembourg, the IT for Innovative Services department of the Luxembourg Institute of Science and Technology (LIST) and the Luxembourg Institute of Health (LIH).

Other key partners include the Luxembourg Digital Innovation Hub that supports companies’ digital transformation, cybersecurity online source SECURITYMADEIN.LU, LuxProvide that manages Luxembourg’s business-oriented high performance computer, the European Space Resources Innovation Centre (ESRIC) and the GovTech Lab, which aims at stimulating the digital transformation of the public sector. Together, they help companies find the right partners to work with and the right projects to develop their business.

Dynamic start-up ecosystem

Luxembourg’s start-up ecosystem has really taken off over the past ten years and is now made up of a wide range of players. Young local and international companies can count on institutional start-up support organisations, incubators and accelerators run by companies or public-private partnerships, networking initiatives, high-profile start-up events and dedicated start-up programmes, including the well-known coaching and funding programme Fit 4 Start.

Legal framework for the digital economy

Whereas in many jurisdictions innovation tends to be slowed down by legislation that is not adapted to the data economy, the Luxembourg government is able to understand technology and put in place laws that drive innovation. One example is the law on data reversibility, which guarantees access to data in case of bankruptcy of cloud service providers. Luxembourg is fast to implement EU legislation, so companies that fulfil the requirements here can be confident that their offering is compliant in other European countries.

Luxembourg is now exploring the idea to create a national data exchange and interoperability platform, which would ensure that data from various producers would be usable, interoperable, accessible, reliable and GDPR compliant for data consumers.

Know-how in digital transformation and ICT expertise

Luxembourg is successful in attracting ICT talent: according to EUROSTAT, the country has the third highest density of ICT experts in the EU. It ranks 2nd in the world for its ability to attract and retain talent (World Talent Ranking) and has the highest share of high-skilled workers in the world (Statista, 2015). The international mindset, stable economy and high quality of life also contribute to the continuous growth of Luxembourg’s multilingual and multicultural workforce.

State-of-the-art infrastructure

The digital sector in Luxembourg can count on the country’s outstanding digital infrastructure. It notably includes smart, redundant electricity grids, the highest density of Tier IV certified datacentres in the world and the best connectivity in Europe.

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Two Luxembourg start-ups supported by WomenTechEU

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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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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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Franz Fayot and Sasha Baillie present the 2022 Annual Report of Luxinnovation

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On 24 April 2023, Minister of the Economy Franz Fayot and Sasha Baillie, CEO of Luxinnovation, presented the 2022 annual report of the national innovation agency. Hosted by SolarCleano, a company that has benefitted from Luxinnovation’s support, the presentation focused on key actions undertaken during the first year of implementation of Luxinnovation’s 2022-2025 strategy.
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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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16 June 2023

Episode 3 – Transforming data into information (1/3): Good practises on data collection and the appropriate use of IoT devices and related standards

How can manufacturing companies collect and derive value from their data? In this first part of three webinars on the topic of collecting and combining data from shop floors and other environments, we will focus on data sources, technologies and other components such as IoT devices that are needed to collect data from your production processes and other IT systems. Read more

29 > 30 June 2023

Visit us at ICT Spring 2023

Luxembourg (Luxembourg) - Onsite

ICT Spring is a global tech conference offering the participants a unique opportunity to deepen their digital knowledge, and primarily focusing on startups, scaleups and SMEs. Read more

14 July 2023

Episode 4 - Transforming data into information (2/3): Easy steps towards business intelligence

Building a data-driven culture within your organisation can boost your efficiency once the right data is made available to the right people at the right time. Join our webinar for an insight into the combination of tools, technologies, applications and practices that help businesses transform raw data into meaningful and actionable information. Read more

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