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According to the 2019 edition of the Global Innovation Index, Switzerland is the world’s most innovative country. Sweden, the United States, the Netherlands and the United Kingdom complete the top 5. Luxembourg ranks 18th among the 129 economies in the study.

The study is based on 80 indicators, ranging from traditional measurements like research and development investments and international patent and trademark applications to newer indicators including mobile-phone app creation and high-tech exports.

Strong creative outputs

Firmly placed among the 20 most innovative countries, Luxembourg ranks 2nd in the world in the category “Creative outputs”. The country also ranks high in the category “Business sophistication”, where it is in 8th place.

According to the study, Luxembourg’s efforts are focused on five key areas: infrastructure, skills, government, ecosystem and policy. In particularly it mentions the country’s strategies for data-driven innovation and artificial intelligence. It also highlights that Luxembourg prioritises the exploitation of public sector information and open data to spur innovation.

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Entering the metaverse market

02-02-2023

Often considered as the next iteration of the internet, the metaverse is expected to play a key role in the digital transformation of the economy. But is it just hype, or a trend with real substance? We spoke to Arnaud Lambert, Director Digital Transformation, and Sara Bouchon, Director Market Intelligence at Luxinnovation, to find out more.
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Launch of the Humanitarian Innovation Accelerator call for projects

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From today on, the call for projects of the Humanitarian Innovation Accelerator (HIA) will be open to national and international applications in order to promote innovative solutions in support of the global humanitarian sector. Applications can be submitted until 1 March 2023.
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“Break down the diversity barriers”

30-01-2023

Opening a first European office is a big step for many international companies that do not only need to handle business aspects, but also cultural and linguistical challenges. Toshihiko “Toby” Otsuka, CEO of Rakuten Europe, shares how this Japanese company managed to overcome such barriers when establishing its European headquarters in Luxembourg.
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“Revalidate your assumptions”

23-01-2023

Argentine digital health company ViewMind opened its European office in Luxembourg a few years ago. Mark Edwards, CEO, and Matias Shulz, COO of ViewMind, share their insights into key points to keep in mind for international companies that target the European market.
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Two first Luxembourg start-ups receive EIC Accelerator funding

19-01-2023

The European Commission recently announced that Arspectra and Circuli-ion have been awarded funding from the European Innovation Council (EIC) Accelerator. This is the most prestigious funding available for start-ups from the EU’s Horizon Europe programme. Luxinnovation supported the first-ever EIC Accelerator winners from Luxembourg during the application process.
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