Luxembourg, major hub of business, research and innovation | Trade & Invest
search

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.

Dig deeper

Stay up to date

Latest news

An internet portal for the circular economy

22-06-2021

At the initiative of four ministries, the www.economie-circulaire.lu portal was officially launched on Tuesday 22 June 2021.
Read more

New Luxembourg roadmap for a competitive and sustainable economy

21-06-2021

On 21 June 2021, Minister of the Economy Franz Fayot presented a new roadmap for supporting the transformation of the Luxembourg economy until 2025. The roadmap notably focuses on accelerating digitalisation, facilitating the transition to a circular economy, developing strategic, resilient value chains and fostering a safe, trusted data economy.
Read more

A nation-wide digital twin

18-06-2021

Digitalisation is key to building a smarter and more resilient Luxembourg. Researchers at the Luxembourg Institute of Science and Technology are working on the ambitious project of building a digital twin of the whole country.
Read more

Data ecosystem building blocks

16-06-2021

Luxembourg’s ecosystem supporting the data economy stands out for its completeness and the seamless interaction between its various components. A snapshot of some of the key initiatives.
Read more

Resources all news

Meet us

Upcoming events

14 > 15 September 2021

ICT Spring Europe 2021

Luxembourg (Luxembourg)

ICT Spring is a global tech conference hosting an array of international professionals. The yearly event held in Luxembourg City is dedicated to exhibiting and demonstrating the latest relevant trends and innovations and discuss their impact on society and the working world. Read more

23 September 2021

L-DIH Talks I Episode 5: Human centric digitization: the Employee Experience

Online

Industry 4.0 means digitization, which means job losses. Not quite. Let’s learn from our panelists about the true impact of digitization on employees. Read more

21 October 2021

L-DIH Talks I Episode 6: Industry 4.0 and Cybersecurity

Online

Industry 4.0 means digitalization and therefore cyber risk. Am I more exposed if I undergo a digital transformation? Learn from the experts and your peers on the panel. Read more

All events

Subscribe to our monthly newsletter Crossroads

Stay in the know: Latest business news and opportunities in Luxembourg

Other business sectors

Cleantech
Luxembourg start-up ecosystem
Finance
Skilled Crafts
Logistics
Automotive and smart mobility
Maritime
Creative Industries
Health Technologies
Manufacturing
Wood
Space

Cleantech

Promoting clean technologies and the transition towards a circular economy is a priority in Luxembourg. The country offers an attractive economic environment for entrepreneurs who are looking to create value whilst reducing pollution, waste and energy consumption.

See all business sectors

Luxembourg start-up ecosystem

Are you looking for a gateway to the European market, a testbed for a new service/product or a strong industrial/academic partner? Luxembourg is the perfect place to start or scale your entrepreneurial adventure.

See all business sectors

Finance

Long established as a world leader in the twin sectors of fund administration and private banking, Luxembourg is the eurozone's leading financial centre and # 12 in the world. It is the second largest for investment funds globally thanks to its pre-eminent role in the European market and as service provider in Asia, the Middle East and South America.

See all business sectors

Skilled Crafts

Supporting innovation in SMEs is a main objective of the government's economic diversification policy.

See all business sectors

Logistics

Located in the heart of Europe, Luxembourg provides global companies with many strategic advantages for conducting their business successfully in, from and to Europe.

See all business sectors

Automotive and smart mobility

Luxembourg is one of the leading business hubs for automotive innovation and smart mobility. With its exceptional business environment, Luxembourg is the ideal location for developing and testing next generation mobility solutions for the European market.

See all business sectors

Maritime

Thanks to a strong political will to diversify the economy and an overall favourable business climate, Luxembourg has become, over the years, an attractive location for shipping businesses.

See all business sectors

Creative Industries

Luxembourg has almost 2,200 companies active in the creative industries, employing more than 6,300 people.

See all business sectors

Health Technologies

The Health Technologies sector is expanding in Luxembourg and attracting start-ups from across the globe. The sector vision leverages the investments and know-how developed through the rapid growth in the ICT sector.

See all business sectors

Manufacturing

Composites, multifunctional materials and highly customised production technologies are at the heart of Luxembourg’s manufacturing sector.

See all business sectors

Wood

Being a typical model for circular economy, the 'wood' sector is a source of varied economic activities in Luxembourg with great development potential.

See all business sectors

Space

In just three decades, the Luxembourg space sector has grown from nothing into probably the most dynamic in Europe. With the SpaceResources.lu initiative, the country has established itself as a European hub for commercial space activities.

See all business sectors
Fermer