Jean Michel Ludwig
Start up Accelerator
Pierre Marcolini
Owner of
Pierre Marcolini
chocolatier
Michael Van Custem
Social entrepreneur
Piet Colruyt
Business Angel
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Business Trends
in Luxembourg
Capacity to adapt
1839
Agriculture
Emigration
1870
Industrialisation
Steel
1980
Banks
Services
2000
Knowledge
R&D
Yesterday Today Tomorrow…
Much more than just a financial center
A dynamic economy
INDUSTRY
MEDIA & E-COMMERCE
LOGISTICS
EUROPEAN INSTITUTIONS
SERVICES
Luxembourg Economy by sector
Employment Turnover
(Billion EUR)
Turnover Annual
Growth Rate
(2009 – 2015)
6.600
15.500
44.400
42.000
18.000
850
23.800
32.300
700
2,5
2,9
92,9
3,8
14,2
0,1
4,9
8,7
2,0
3,2%
3,3%
12,1%
5,4%
16,1%
n.a
4,7%
2,6%
9,6% *
*
Manufacturing industry
Space technologies
Automotive
components
Eco technologies
(excluding construction)
Finance & insurance
Healthcare
ICT, media &
e-commerce
Life sciences
Logistics & transport
ESCH-BELVAL: Science Park
Key
business
sectors
Automotive
Clean
Technologies
ICT, Media &
e-Commerce Life Sciences
Space
Technologies
Finance
Logistics
Manufacturing
Industry Maritime
Creative
Industries Start-ups Skilled CraftsWood
Luxembourg Cluster Initiative
Innovation
Business
development
Cross-sector
cooperation
Stronger competitiveness of cluster members
and the Luxembourg economy
AutoMobility Cluster
Main focus areas
Automotive Campus
Competence
mapping,
competence creation
Operational excellence Recruitment,
training &
education
Business development
BioHealth Cluster
Support Luxembourg’s fields of excellence
Personalised
medicine
Digital
health
Neurodegenerative
diseases
Molecular
diagnostics
Immune-
oncology
EcoInnovation Cluster
Circular economy
Identify – Connect – Realise
Sustainable cities &
Smart technologies Sustainable mobility
Flagship projects
National Composite Centre
Industry-oriented
collaborative research
Additive Manufacturing
Centre
Key technology priority
Flagship projects
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Connected Mobility
Cross-border testbed Luxembourg –
France – Germany
Simulator project
Driving simulator for developing cars
and car components
Flagship projects
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PlastiPET
Competitive value chain for
plastic bottle recycling
City Hotspot Wiltz
Implementing the circular
economy
A VIBRANT START-
UP ECOSYSTEM
Linking the Start-up
Ecosystem (Not
Exhaustive View)
Private Accelerator
Non-profit Incubator
Corporate
Incubator/Accelerator
Sectoral
Pre-Seed
€200 – 500K
Start-up
1st VCRound
Growth
2nd VC Round
€1 – 5M €5 – 10M
ExpansionSeed
€10 – 50M
Seed Fund
Aids for ICT
start-ups
Private
Actors
Public
Actors
LFF
€50 – 200K
Improving the financing ecosystem for ICT start-ups in Luxembourg
JEI AID
Max €800K
Digital Tech Fund
Luxembourg Future Fund
Start-up Financing
Ecosystem
€50K + €100K
Ministry of the Economy State aids for R&D
Family
Offices
LFF mission: support innovative SMEs
Purpose:
Diversification and sustainable development of the Luxembourgish economy
Attract innovative businesses in their development phase
Indirectly develop the Luxembourgish venture capital ecosystem
Luxembourg Future Fund split into 3 compartments:
Co-investments with VC Funds
Co-Investments with Business Angels & Family Offices
Venture Capital Funds
Example:
€20 million commitment to Paladin European Cyber Fund
Luxembourg Future Fund
(120 mio €) (30 mio €)
 LFF
(150 mio €)
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Some of promising companies
Health
Tech
Creative
Industry
EcoTech
Space
FinTech
Indu
Tech
(e.g.
Industry
4.0)
ICT
(Big Data / AI/Telco
Cyber)
Thank
you!
www.luxinnovation.lu
Luxinnovation
@Luxinnovation
@InvestinLux
@Luxinnovation
@Invest_in_Lux
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Jean-Michel LUDWIG
Director
LUXINNOVATION GIE
5, avenue des Hauts-Fourneaux
L-4362 Esch-sur-Alzette
T (+352) 43 62 63 - 873
M (+352) 621 138 170
jean-
michel.ludwig@luxinnovation.lu
²
FundingSupportingOrienting
44
SME: POLYGONE
LE: BGL BNP Paribas – LuxFuture Lab
START-UP: Leko Lab: sustainable construction
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After party - Chivas Venture Belgium