Annual Report 2024

20 startups selected for the Fit 4 Start #16 Programme

At the conclusion of the third edition of the Luxembourg Venture Days – the flagship event of the startup ecosystem organised by Luxinnovation on 22 and 23 October, with the support of the LPEA – the names of the 20 startups that will take part in the 16th edition of the Fit 4 Start acceleration programme in early 2026 were officially revealed. The Minister of the Economy, SME, Energy and Tourism, Lex Delles, also announced the launch of a new tailor-made programme to help startups go beyond the seed stage.

24/10/2025

Generative AI ecosystem - Technology at a Glance

Generative AI is rapidly emerging as one of the most transformative technologies of our era, evolving from research labs to widespread adoption at unprecedented speed. Powered by advanced machine learning models, it can produce text, images, code, designs, reshaping the way people work, create, and innovate.

17/09/2025

AI ecosystem - Technology at a Glance

Artificial intelligence (AI) has become the defining technology of the digital age, evolving from academic research into a foundational driver of transformation across industries. From narrow, task-specific systems to the vision of human-like general intelligence, AI continues to expand its reach, redefining how we work, learn, and interact.

17/09/2025

Luxembourg AI startups and scaleups

Luxembourg has emerged as a vibrant hub for AI innovation, fostering a dynamic ecosystem of startups and scaleups that leverage artificial intelligence to drive technological advancements across various sectors.

28/08/2025

Startup and scaleup policy watch

The European Commission is launching a bold startup and scaleup strategy aimed at empowering innovative companies and reinforcing the Union’s competitiveness, resilience and strategic autonomy.

22/08/2025

AI adoption in Luxembourg

A recent study by Luxinnovation and FEDIL shows that AI is increasingly used by Luxembourg companies, but that challenges related to data maturity, skills and governance remain.

21/07/2025

Luxembourg agri-food ecosystem

Last update: July 2025

17/07/2025

Luxembourg agri-food ecosystem - Facts & Figures

Last update: July 2025

17/07/2025

Luxembourg defence ecosystem

Last update: June 2025

19/06/2025

15 startups graduate from the Fit 4 Start #15 programme

The Fit 4 Start Graduation Night, held at Luxexpo The Box alongside the Nexus Luxembourg 2025 event, celebrated the successful graduation of 15 startups from the 15th edition of Luxembourg’s flagship acceleration programme, managed by Luxinnovation.

17/06/2025

Luxembourg Defence Capabilities catalogue

Designed to facilitate the setting up of international partnerships, the third edition of “Luxembourg Industry and Research Capabilities for Security & Defence” highlights the capabilities of Luxembourg industry and research organisations active in the field of security and defence.

16/06/2025

Understanding Europe’s new roadmap for competitiveness

The European Commission’s recent strategic communication, “A Competitiveness Compass for the EU,” marks the EU’s most comprehensive economic policy reorientation in over a decade.

14/05/2025

2024: Our Year in Figures

Overview of Luxinnovation's key figures in 2024

05/05/2025

Understanding The Clean Industrial Deal

The Clean Industrial Deal represents a major shift in EU industrial and environmental policy, aligning economic growth with climate neutrality.

24/04/2025

Christian Tock appointed new board chair of Luxinnovation GIE

The Board of Directors of the national innovation agency Luxinnovation unanimously voted to appoint its new board chair, Christian Tock, Deputy Director General for Industry, New Technologies and Research at the Ministry of the Economy.

27/02/2025

Mario Grotz appointed new CEO of Luxinnovation

The Board of Directors of Luxinnovation, the national innovation agency, has unanimously decided to appoint Mario Grotz as CEO from 1 March 2025. He will succeed Sasha Baillie, who will take up her post as Marshal of the Court on that date.

06/12/2024

20 startups selected for the Fit 4 start #15 programme

The names of the 20 startups that will participate in the 15th edition of the Fit 4 Start acceleration programme at the beginning of 2025 were officially announced during the Luxembourg Venture Days, the flagship event of the Luxembourg startup ecosystem. The Luxembourg Venture Days, which attracted more than 2,600 people to Luxexpo The Box, were organised on 16 and 17 October jointly by Luxinnovation and the Luxembourg Private Equity Association, under the aegis of Startup Luxembourg.

17/10/2024

Supercomputing and AI: 2024 Key Trends

The brochure, based on a study by the Market Intelligence department at Luxinnovation, and done in the context of the EuroCC project, breaks down key developments in supercomputing and AI, both in Luxembourg and globally.

08/10/2024

Luxembourg Venture Days to unite investors, startups and innovators on 16 and 17 october 2024

The second edition of the Luxembourg Venture Days will gather investors, startups, and innovators in a joint summit on 16 and 17 October 2024 at Luxexpo The Box. The annual event is organised by Luxembourg’s innovation agency Luxinnovation and the Luxembourg Private Equity and VC Association (LPEA) under the umbrella of Startup Luxembourg, the country’s network to promote its startup ecosystem. This event offers a unique opportunity for investors and startups to connect and explore new partnerships and investment opportunities.

12/07/2024

Lex Delles and Sasha Baillie announce simplification of "Fit 4" programmes and support for artificial intelligence at presentation of Luxinnovation annual report

On the sidelines of the presentation of Luxinnovation's 2023 annual report at Fours Hein, Lex Delles, Minister of the Economy, SMEs, Energy and Tourism, and Sasha Baillie, CEO of Luxinnovation, announced the standardisation of the "Fit 4" programmes and the launch of a new programme: Fit 4 Digital – AI, dedicated to artificial intelligence. At the same time, the Minister announced the introduction of a new SME package focusing on artificial intelligence.

04/07/2024

15 start-ups graduate from the Fit 4 Start #14 programme

The 2024 Fit 4 Start Graduate Showcase, held at Luxexpo The Box alongside the Nexus 2050 event, celebrated 15 startups that successfully completed the 14th edition of the startup acceleration programme managed by Luxinnovation.

26/06/2024

Presentation of the 3rd edition of the "Luxembourg Industry and Research Capabilities for Security & Defence" catalogue

On the occasion of the international Eurosatory exhibition for land and air defence and security, where Luxembourg has a national pavilion, the third edition of the "Luxembourg Industry and Research Capabilities for Security & Defence" catalogue was unveiled. This publication was produced by Luxinnovation, in collaboration with the Directorate of Defence.

19/06/2024

Luxembourg research capacities in the field of energy transition

Luxembourg research capacities supporting the energy transition are distributed among the Luxembourg Institute of Science and Technology (LIST), the University of Luxembourg and the Luxembourg Institute of Socio-Economic Research (LISER).

02/05/2024

Yuriko Backes, Lex Delles and Stéphanie Obertin launched a call for joint R&D projects in the field of defence

On 18 March 2024, Yuriko Backes, Minister of Defence, Lex Delles, Minister of the Economy, SME, Energy and Tourism, and Stéphanie Obertin, Minister for Research and Higher Education, launched a joint call for research and development (R&D) projects in the field of defence.

19/03/2024

Annual Report 2023

Addressing global challenges through innovation

01/03/2024

The three start-ups of the scale-up pilot programme are now known

The scale-up support pilot programme initiated by the Ministry of the Economy and managed by Luxinnovation has been designed to support advanced-stage start-ups which are on an accelerated growth trajectory and have plans for international expansion. The programme reached a key milestone with the selection of three start-ups that will participate in this first pilot edition.

14/12/2023

Launch of Schengen-X and Data Summit Luxembourg

The maiden edition of Schengen-X co-organised by five Gaia-X hubs from 4 to 5 December 2023 at the European Convention Centre will coincide with the inauguration of the Luxembourg National Data Service (LNDS) and its first-ever Data Summit Luxembourg.

29/11/2023

20 Startups selected for the Fit 4 Start #14 programme

In parallel with the Luxembourg Venture Days, the flagship event of the ecosystem organized from17 to 19 October by Luxinnovation, the names of the 20 start-ups that will participate in the 14th edition of the Fit 4 Start acceleration program in early 2024 were officially unveiled.

20/10/2023

Luxinnovation supporting ukrainian startups

Luxinnovation, the national innovation agency, is a member of the consortium selected by the European Commission to support the Ukrainian innovation community

25/07/2023

10 startups graduated from the Fit 4 Start #13 programme

The Graduate Showcase 2023 of the Fit 4 Start programme highlighted, in the presence of the Minister of the Economy Franz Fayot, the 10 start-ups that successfully completed the 13th edition of the start-up acceleration programme run by Luxinnovation.

29/06/2023

A new platform for the Luxembourg startup ecosystem

Luxinnovation launches the Luxembourg start-up platform powered by Dealroom. This database, available on the Startup Luxembourg portal will serve both companies and prospective investors through its real-time data-driven insights about start-up activity and venture trends in Luxembourg

19/06/2023

Luxembourg joins the European Startup Nation Alliance

On the sidelines of the Vivatech trade fair, where Luxembourg's start-up ecosystem will be represented in a national pavilion, Minister of the Economy Franz Fayot announced that Luxembourg has joined ESNA, the European Startup Nation Alliance, which aims to improve the European entrepreneurial ecosystem. The national innovation agency, Luxinnovation, will represent the country within this European alliance.

14/06/2023

A new brochure presenting the Creative industries

The General Directorate for Small and Medium-Sized Enterprises presented a new brochure featuring Luxembourg’s creative industries at an event of the Luxembourg Creative Industries Cluster hosted by 1535° Creative Hub Differdange. Developed by Luxinnovation in close collaboration with the General Directorate for Small and Medium-Sized Enterprises, the publication highlights the importance of the creative industries for the country and promotes the matchmaking platform just made available to Luxembourg’s creative industry stakeholders.

12/06/2023

Sustainability at the heart of the 6th edition of the Smart Manufacturing Week

From June 6 to 9, 2023, the 6th edition of the Smart Manufacturing Week will take place in Luxembourg, organised by the national innovation agency, Luxinnovation. This event will focus on strategic approaches to smart and sustainable manufacturing processes. Through concrete examples, this cross-industry conference will show good practices that can lead companies towards "Net-Zero".

01/06/2023

European digital healthtech hubs meet for the first time in Luxembourg

On 16 and 17 May 2023, Luxembourg will host a conference aimed at bringing together European digital healthtech hubs. This first edition focuses on how national and regional healthtech hubs can optimise their support to help companies successfully launch new digital medical devices on the market.

15/05/2023

Franz Fayot and Sasha Baillie present the 2022 annual report of Luxinnovation

On 24 April 2023, Minister of the Economy Franz Fayot and Sasha Baillie, CEO of Luxinnovation, presented the 2022 annual report of the national innovation agency. Hosted by SolarCleano, a company that has benefitted from Luxinnovation’s support, the presentation focused on key actions undertaken during the first year of implementation of Luxinnovation’s 2022-2025 strategy.

24/03/2023

Luxembourg Digital Innovation Hub gets new European dimension

The designation as European Digital Innovation Hub (E-DIH) broadens the scope of the Luxembourg Digital Innovation Hub (L-DIH) as a one-stop-shop for the digital transformation of the Luxembourg manufacturing sector by providing additional channels and financial resources for more impact in Luxembourg and Europe. With Luxinnovation, the national innovation agency, continuing its role as coordinator, four additional partners now join the L-DIH consortium to considerably extend its service offer.

23/03/2023

Luxinnovation and LIST sign MoU to develop the Sustainable Composite Materials Centre

On 4 April, Luxinnovation and the Luxembourg Institute of Science and Technology (LIST) signed a memorandum of understanding (MoU) regarding the development of the recently inaugurated Sustainable Composite Materials and Manufacturing Innovation Centre (SCMM). This cooperation agreement aims to strengthen business development activities, build community engagement, foster interactions between several stakeholders and improve knowledge-sharing.

05/03/2023

Annual Report 2022

Preparing our economy for the future

01/03/2023

Annual Report 2021

Empowering companies to innovate

01/03/2022

Luxembourg artificial intelligence ecosystem

Last update: June 2025

Luxembourg AI ecosystem - Facts & Figures

Latest update: April 2025

AI policy watch

The European Union and its member states, including Luxembourg, are developing comprehensive frameworks of policies and guidelines to ensure that artificial intelligence serve people, society and democratic values. These acts aim to promote innovation while safeguarding fundamental rights, security and ethical standards.

Luxembourg sustainability enabler ecosystem mapping

Last update: January 2023 Finding and adopting the right products, services, solutions and technologies can help companies innovate to become more sustainable.

Luxembourg automobility ecosystem mapping

Last update: June 2022

Luxembourg creative industries ecosystem mapping

Last update : April 2021

Luxembourg wood ecosystem mapping

Last update: October 2023

Luxembourg manufacturing ecosystem mapping

Last update: October 2024

Entering the metaverse market: key players in Luxembourg

The metaverse is seen as a “disruptive technology -constantly changing, while simultaneously changing everything it touches” . The metaverse market is expected to reach $996 billion in 2030.

Sustainability framework

Becoming more sustainable is a matter of protecting the planet – but not only.

Luxembourg cybersecurity ecosystem

Cybersecurity is a key pillar of the Luxembourg strategy for a sustainable and competitive economy

The Wood Value Chain: A key for the economic diversification of Luxembourg

The presence of the complete value chain on Luxembourg’s territory is a key asset for the development of a more sustainable and competitive economy.

How does the Luxembourg wood value chain contribute to the sustainable development goals?

Luxembourg wood value chain

Supercomputing Market Trends

This market trends report focuses on the market situation as it was in 2021 and the supercomputing market forecasts for the next 5 to 10 years. It analyses the growth of market segments by components, by form of deployment, by application dynamics and by geographical location.

Post Covid-19 Market Trend

Governments’ first priorities in tackling the COVID-19 pandemic have been to overcome the health emergency and to implement rapid economic rescue measures.

Aid for environmental protection

The Ministry of the Economy and Luxinnovation have just published a guide to raise awareness among businesses about environmental protection measures and to encourage them to use the available assistance to alleviate the financial burden that may result.

Digitalisation of the health sector: Market trends

The Covid-19 crisis has put the spotlight on our health ecosystems. As for other sectors, COVID-19 is expected to have major long-term consequences on the healthcare industry.

Luxembourg Cybersecurity Ecosystem - Key Insights

Digitalisation is at the heart of the Luxembourg strategy for a sustainable and competitive economy

What is the size of your company ?

SME... Acronym for small and medium-sized enterprise. But precisely, what are the defining criteria?

Fit 4 Digital - Kevin Urbing, Den Mobilen Handwierker

Luxinnovation’s Fit 4 Digital programme helps SMEs to take the next step toward digital transformation. Watch the testimonial of Kevin Urbing de Den Mobilen Handwierker

Fit 4 Digital - Bruno Silva, BEXEB

Luxinnovation’s Fit 4 Digital programme helps SMEs to take the next step toward digital transformation. Watch the testimonial of Bruno Silva, BEXEB

Fit 4 Digital - Alain Heck, Xatico

Luxinnovation’s Fit 4 Digital programme helps SMEs to take the next step toward digital transformation. Watch the testimonial of Alain Heck, Xatico.

Fit 4 Digital - Michael Schulzen, SM Paint

Luxinnovation’s Fit 4 Digital programme helps SMEs to take the next step toward digital transformation. Watch the testimonial of Michael Schulzen, SM Paint

Fit 4 digital - David Poveromo, Aquatechnic

Luxinnovation’s Fit 4 Digital programme helps SMEs to take the next step toward digital transformation. Watch the testimonial of David Poveromo, Aquatechnic.

Data policy watch

Data is the lifeblood of the digital and green transitions. It fuels innovation, enables artificial intelligence and powers new solutions across every sector — from healthcare and energy to mobility and manufacturing. But unlocking the full potential of data requires clear rules on how it can be accessed, shared and used responsibly.

Panorama of Luxembourg's construction ecosystem

Last update: November 2025

Panorama of Luxembourg's construction ecosystem - Facts & Figures

Last update: November 2025

Construction ecosystem - Prefabrication report

Last update: November 2025

Luxembourg healthtech ecosystem - Facts & Figures

Last update: September 2025

Startups and scaleups - Facts & Figures

Luxembourg has rapidly emerged as a dynamic hub for startups, combining a supportive business environment with strong international connections. Last update: October 2025

Luxembourg healthtech ecosystem

Last update: September 2025

Generative AI ecosystem - Market applications

Generative AI has quickly shifted from research to a transformative technology reshaping industries. By creating text, images, code, and more, it drives innovation, automation, and personalisation, helping organisations accelerate development, improve experiences, and optimize operations.

Quantum technologies - Policy watch

The European Union and its member states, including Luxembourg, are developing comprehensive frameworks of policies and guidelines to ensure that quantum technologies serve people, society and democratic values. These acts aim to promote innovation while safeguarding fundamental rights, security and ethical standards.

Quantum communication - Tech at a Glance

Quantum communication is more than a scientific breakthrough: it is a strategic frontier that will define the future of secure digital infrastructure. By harnessing the strange and powerful laws of quantum mechanics, quantum communication enables entirely new ways to protect information, making eavesdropping and interception virtually impossible.

Quantum communication - Market applications

Quantum communication is moving rapidly from theory to practice, and its potential market applications are beginning to take shape. Built on the principles of quantum mechanics, this technology promises unprecedented levels of security but its value goes far beyond protecting data.

Browse through our annual report below

Annual report 2024