News | Trade and Invest

Space opportunities: An investor’s point of view

05-07-2021

Venture capitalists looking for promising investment opportunities are increasingly turning their attention to the new space industry. Pierre Festal, Partner at Promus Ventures, spots the trends and points to opportunities in the field.
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Europe’s premier space resources innovation centre

30-06-2021

As of November 2020, Luxembourg is home to the European Space Resources Innovation Centre (ESRIC) – the only innovation centre in the world exclusively focused on space resources utilisation. Fully aligned with the country’s global space policy, the centre stands out for its strong orientation towards industry cooperation.
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Commercial space hub for Europe

24-06-2021

Space is high on the agenda in Luxembourg. Five years after launching the SpaceResources.lu initiative aimed at promoting the exploration and utilisation of space resources, the country has become a confirmed hub for commercial space activities where business can flourish and benefits spill over to other sectors.
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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.
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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.
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Luxembourg inaugurates its high performance computer

07-06-2021

Luxembourg’s new high performance computer MeluXina was inaugurated on 7 June 2021. Ranked among the top 30 supercomputers in the world, MeluXina has been designed to meet business needs and is available for use by start-ups and SMEs as well as large international groups.
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Crossroads Magazine: Turning data into value

03-06-2021

Luxembourg is on the road to becoming one of Europe’s most sustainable and trusted data economies. The new edition of Crossroads Magazine takes a deep dive into the opportunities generated for businesses in the new data economy. It also provides an insight into Luxembourg’s role as a European hub for the commercial space industry.
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Fit 4 Start #11: 15 companies selected

02-06-2021

15 start-ups from 8 different countries have been selected for participation in the 11th edition of the Fit 4 Start acceleration programme. They will benefit from 6 months of coaching, pre-seed funding and networking activities aimed at facilitating the market launch of the products and services developed by the participants.
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Enabling space ambitions

25-05-2021

Founded in 2006, microsatellite and integrated services specialist LuxSpace is a pioneer in the Luxembourg space sector. While its top-notch products enable a variety of space missions, the company thrives in the dynamic Luxembourg space ecosystem where public and private organisations cooperate to make space business happen.
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CONTEC raises series B funding and announces global ground station expansion

27-04-2021

South Korean CONTEC, a specialist in the design, development and integration of ground systems in space and defence applications, recently announced it raised approximately $11 million from top banks and VC investors for its series B investment round. The company is benefiting from its European HQ in Luxembourg to seek new business partners in the EU.
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Fit 4 Start: 2 more days to apply

13-04-2021

Promising ICT and space start-ups can still apply to accelerator programme Fit 4 Start and compete for 20 weeks of personalised coaching and grants of up to €150,000. The deadline for applying is 15 April 2021.
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Fit 4 Start is back! Calls for applications are now open

15-03-2021

Start-ups in the ICT and space technology sectors are invited to participate in the 11th edition of Luxembourg's acceleration programme Fit 4 Start. Successful candidates will benefit from 20 weeks of personalised coaching and grants of up to €150,000. The calls are now open until 15 April 2021.
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Green hydrogen, moon mining, anti-scam technology: Luxembourg’s innovative approach

22-02-2021

Luxembourg is known for audacious moves to develop its economy – building one of the world’s leading financial centres from scratch is perhaps the most well-known example. The Financial Times reports on other initiatives focusing on renewable energy, space technology and cybersecurity.
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LIST-Gradel joint lab to produce ultra-lightweight structures for space

27-01-2021

The Luxembourg Institute of Science and Technology (LIST) has announced a new partnership venture with Luxembourg company Gradel to research and produce ultra-lightweight structures for the aeronautics and space industry. The joint lab will produced parts for three European giants in satellite construction: Thales Alenia Space, Airbus Defence and Space, and OHB.
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5 things to know about cybersecurity in Luxembourg

02-12-2020

A strong national cybersecurity ecosystem is a key pillar for developing Luxembourg’s trusted and secure data-driven economy. A new study by SECURITYMADEIN.LU and Luxinnovation provides five key insights into the strengths and unique characteristics of Luxembourg’s cybersecurity ecosystem.
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Luxembourg teams up with ESA to create a unique European Space Resources Innovation Centre

18-11-2020

Luxembourg just entered a strategic partnership with the European Space Agency (ESA) to create a European Space Resources Innovation Centre (ESRIC). Unique of its kind, ESRIC aims to become an internationally recognised centre of expertise for scientific, technical, business and economic aspects related to the use of space resources for human and robotic exploration, as well as for a future in-space economy.
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Facilitating data exchange for innovation

16-10-2020

Data is one of the most precious assets in today’s information society. In a keynote address given at the final of the EU Datathon competition on 15 October 2020, Luxinnovation’s CEO Sasha Baillie spoke about the enormous value that can be derived from data and the need for establishing accessible, high-quality, secure data exchange platforms.
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New Fit 4 Start graduates and participants announced

15-10-2020

Minister of the Economy Franz Fayot and Sasha Baillie, CEO of Luxinnovation, announced on 15 October the names of the 20 start-ups that have been selected for participation in the 10th edition of the Fit 4 Start acceleration programme. The minister also summarised the results of the programme, 5 years after its launch.
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Luxembourg among the first signatories of the Artemis Accords

14-10-2020

Luxembourg became a founding member of the Artemis Accords when Minister of the Economy Franz Fayot signed the Accords on behalf of the country. The objectives of the NASA-led programme include sending the first woman and next man to the surface of the Moon in 2024.
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Finding business partners for the European market

01-10-2020

Over 30 international start-ups recently participated in ICT Spring, one of Luxembourg’s largest tech events, with support from the international network of Luxembourg Trade & Invest. A great opportunity to meet new customers and partners and enter into the European market.
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Luxembourg acquires petascale high performance computer

30-09-2020

On 29 September 2020, Prime Minister Xavier Bettel and Minister of the Economy Franz Fayot announced the acquisition of Luxembourg's high performance computer (HPC). Named MeluXina, it will become part of the European HPC network.
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LIST: Towards greener hydrogen

18-09-2020

In partnership with the French company 3D-Oxides, the Luxembourg Institute of Science & Technology (LIST) is working on a research project designed to make hydrogen production easier, cheaper and more environmentally friendly.
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Launch of first high-performance microsatellite of its kind produced and assembled in Luxembourg

03-09-2020

The ESAIL microsatellite for tracking ships worldwide was launched on 2 September 2020. ESAIL is the first satellite of its kind produced and assembled in Luxembourg by LuxSpace, involving a large number of European small and medium-sized enterprises.
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Luxembourg will host European space resources innovation centre

11-08-2020

A cooperation agreement was signed between the Luxembourg Space Agency (LSA) and the Luxembourg Institute of Science and Technology (LIST) aimed at creating a European Space Resources Innovation Centre (ESRIC) in Luxembourg by the end of 2020.
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Using space power technology for clean energy on Earth

06-07-2020

Maana Electric has developed a revolutionary technology for producing solar panels from sand. Attracted to Luxembourg by the country’s drive to support the new space sector, the start-up is developing a cost-effective and clean way of producing solar energy that can be used on Earth as well as in space.
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European DESI Index: Luxembourg in 10th position

12-06-2020

The Digital Economy and Society Index (DESI), measured by the European Commission since 2014, is a good indicator of the progress made by Member States in the digital domain. Luxembourg is well above the European average, particularly in the area of connectivity where it ranks 3rd.
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Combining technology and insurance for a better life

28-04-2020

A graduate of Luxembourg’s start-up acceleration programme Fit 4 Start, OKO combines satellite data and mobile phone technology to provide affordable and accessible crop insurance to farmers in Africa. An innovative business model that promotes both climate resilience and financial inclusion.
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