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Government
meco.gouvernement.lu

Investments

3

Partners & Customers

1

About Luxembourg Ministry of Economy

Luxembourg Ministry of Economy is a government entity of Luxembourg.

Headquarters Location

Luxembourg

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Latest Luxembourg Ministry of Economy News

Looking Back: The Luxembourg Tech Ecosystem In 2022

Dec 28, 2022

Looking Back: The Luxembourg Tech Ecosystem In 2022 December 28, 2022 Silicon Luxembourg looks back at some of the highlights of 2022 for Tech startups. Luxembourg achieved a global reach as trade fairs and conferences returned to in-person events while local startups found their voice with the creation of the Luxembourg Startups Association. If, like us, you are still nostalgic for 2022, check out our photo flashback of the year’s highlights. January: Ministers Franz Fayot and George Engel kicked off the new year with a visit to the House of Startups . The pair visited the newly hosted maison de l’économie social et de l’innovation sociale (MeSIS) and listened to the pitches of the promising and innovative startups. (Photo © Luxembourg Ministry of Economy) February: Esch 2022 launched with a light display projected onto the old steelworks depicting a rocket lifting off. (Photo: Stephanie Jabardo) March: International women’s day– photo of girls asking questions  Young people had a chance to join the debate on gender inclusion in fintech at a LHoFT/Knowthybrand event to mark International Women’s Day. (Photo: House Of Startups) April: University students Clémentine Offner and Ivo Silva scooped the Young Enterprise final prize for their startup WeConnect , connecting students and elderly homeowners to provide an affordable housing solution. (Photo: Stephanie Jabardo/Silicon Luxembourg) May: Luxembourg vowed to do more to strengthen economic ties with Portugal during an economic mission in May. Pictured above are Grand Duke Henri and Grand Duchess Maria-Teresa (Photo: Stephanie Jabardo/Silicon Luxembourg) June: Luxembourg took a stand at Europe’s biggest tech fair, Vivatech in Paris , providing a platform for 10 selected. In addition, some 40 Luxembourg representatives attended the Paris tech show as part of an accompanied visit from the chamber of commerce. (Photo: Stephanie Jabardo/Silicon Luxembourg) June: Parc Hotel Alvisse hosted ReSmart , the first real estate technologies fair for the grand duchy and greater region (Photo: Stephanie Jabardo) July: One of the highlights of this year’s ICT Spring conference at Luxexpo was the talk from French-American former basketball player Tony Parker. Parker talked about the projects he has worked on to nurture the basketball community. (Photo: Stephanie Jabardo) July: “Move fast and build things” was the advice of economy minister Franz Fayot at the official launch of the Luxembourg Startups Association , a platform created by founders for founders. (Photo: Stephanie Jabardo) CTO and co-founder of Next Gate Tech Semin Ibisevic shared insights into the technical  challenges of revolutionising the fund industry, when he spoke at the first Silicon Luxembourg Summer Talk at Cloche d’Or’s beach chalet. (Photo: Stephanie Jabardo/Silicon Luxembourg) September: The Dudelange Innovation Hub opened its doors to the public to showcase the work of its startups . During the visit, mayor Dan Biancalana said that the hub will expand its space by 50% over the next 6 months and double in size within two years, thanks to growing demand from greentechs. (Photo: Stephanie Jabardo/Silicon Luxembourg) October: Luxembourg inaugurated its House of Cybersecurity (LHC) , a meeting place for ecosystem players to replace SECURITYMADEIN LU. Among the guests at the inauguration was HRH Prince Guillaume. (Photo: SIP) November: E-mpact Pharma won €10k to invest in their startup when they scooped the top prize at the University of Luxembourg Incubator and Entrepreneurship Programme Ideation Camp. (Photo: Stephanie Jabardo/Silicon Luxembourg)

Luxembourg Ministry of Economy Investments

3 Investments

Luxembourg Ministry of Economy has made 3 investments. Their latest investment was in Compellio as part of their Grant on December 12, 2020.

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Luxembourg Ministry of Economy Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/9/2020

Grant

Compellio

$0.72M

Yes

1

5/15/2020

Grant

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$99M

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10

1/1/2020

Grant

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$99M

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10

Date

12/9/2020

5/15/2020

1/1/2020

Round

Grant

Grant

Grant

Company

Compellio

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Amount

$0.72M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

Luxembourg Ministry of Economy Partners & Customers

1 Partners and customers

Luxembourg Ministry of Economy has 1 strategic partners and customers. Luxembourg Ministry of Economy recently partnered with Startup Genome on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/16/2022

Partner

United States

Ministry of the Economy Assesses and Benchmarks Luxembourg's Startup Ecosystem. Startup Genome and the Ministry of the Economy Launches a Study to Assess and Benchmark the Luxembourg Startup Ecosystem in Sight of Its Further Development.

Startup Genome , a leading research and policy advisory organization specialized in the analysis of startup ecosystems was chosen to carry out this assessment and benchmarking in close collaboration with the dedicated team at the Ministry of the Economy and at Luxinnovation .

1

Date

5/16/2022

Type

Partner

Business Partner

Country

United States

News Snippet

Ministry of the Economy Assesses and Benchmarks Luxembourg's Startup Ecosystem. Startup Genome and the Ministry of the Economy Launches a Study to Assess and Benchmark the Luxembourg Startup Ecosystem in Sight of Its Further Development.

Startup Genome , a leading research and policy advisory organization specialized in the analysis of startup ecosystems was chosen to carry out this assessment and benchmarking in close collaboration with the dedicated team at the Ministry of the Economy and at Luxinnovation .

Sources

1

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