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

The Luxembourg economy faced several challenges in 2022, notably due to the unstable geopolitical situation, the energy crisis and the increasingly visible climate crisis. “Innovation is often key to overcoming major challenges. As the national innovation agency, Luxinnovation has an important role to play in supporting our companies in becoming more competitive and resilient through innovation,” said Minister of the Economy Franz Fayot. “With decades of experience in supporting innovation, the agency has over the past years also become a catalyst for digitalisation and digital innovation. In addition, in 2022 it boosted its ability to support companies in becoming more sustainable through innovation.”