July 2023 ISSUE #66

“A future-oriented strategy”

Japan’s ambassador Tadahiro Matsubara took up his appointment in Luxembourg in October 2022 and has already gained a good insight into the Grand Duchy’s economy and business environment. We had the privilege of speaking to him about what Luxembourg can offer Japanese companies and about his experience of interacting with the local ecosystem.

Fit 4 Start #14 call for applications open

	Infinite Reality announces metaverse innovation at Luxembourg tech event John Acunto, CEO of global metaverse leader Infinite Reality, announced a pioneering solution that enables anyone to create their own metaverse. He spoke at tech event ICT Spring in Luxembourg, where the company is creating its hub for growing business across Europe. Read more
	New capital injection into Digital Tech Fund The Luxembourg state is investing alongside investors in the creation of a new compartment of the Digital Tech Fund. The aim is to continue responding to the funding needs of innovative companies in their start-up phase and further consolidate the Luxembourg start-up ecosystem. Read more
	Luxembourg: International, connected, open for business A great number of international start-ups, supported by the Luxembourg Trade & Invest network abroad, benefitted from tech event ICT Spring 2023 to explore Luxembourg as their springboard to Europe. We spoke to some of them about how they envisage their future in Europe. Read more
	Luxembourg startups capture the attention of foreign delegations Delegates from around 15 countries met with Luxembourg startups, incubators, investors, research and business institutions ahead of the ICT Spring conference. They also got an insider's view of what makes the Grand Duchy so appealing to international companies. Read more
	10 start-ups graduated from Fit 4 Start #13 and calls are now open for Fit 4 Start #14 During the Fit 4 Start #13 Graduate Showcase event that featured 10 successful graduates, Minister of the Economy Franz Fayot announced the opening of the call for applications for Fit 4 Start #14. Startups in the digital, healthtech and space sectors can apply until 14 August 2023. Read more

Luxembourg 8th most attractive European country for FDI

11% of investors rank Luxembourg among the three countries in Europe that are most attractive for foreign direct investment, says EY’s Luxembourg Attractiveness Survey 2023. The digital economy is expected to be a significant driver of growth.

Luxembourg has 2nd highest level of tertiary education in the EU

The European Union has set the target that at least 45% of the population aged 25-34 years should have attained tertiary education by 2030. Luxembourg already significantly exceeds this target and currently ranks 2nd among the EU countries.

Luxembourg is the natural home of the metaverse. If offers the security, infrastructure and government support needed and is home to a community that wants to do the next big thing. And we want to be part of this.

John Acunto, CEO of Infinite Reality

Luxembourg living

Biking is one of the most popular sports in Luxembourg and an excellent means for discovering the beautiful landscapes and hidden gems to be found all over the country. Between 29 July and 27 August 2023, 12 different “Vëlosummer” routes covering more than 500 kilometres in 58 towns and villages will be available for cyclists to explore the country in complete safety.

Photo: © Bram de Vrind De Fietsjournalist