Luxembourg, a small yet prosperous country in the heart of Europe, has emerged as a vibrant and dynamic hub for startups. Luxembourg provides a fertile ground for innovation, development, and success due to its advantageous economic climate, strong government backing, and robust entrepreneurial culture. With a variety of support programs, the ecosystem offers assistance to meet the needs of entrepreneurs at all stages of their journey. In this article, we have compiled a comprehensive list of Luxembourg's startup incubators and accelerators. They have been subdivided into applicability for startups in their 'ideation', 'launch', or 'growth' stages, so you can take a pick at one that suits you best!
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FULL LIST OF STARTUP INCUBATORS AND ACCELERATORS IN LUXEMBOURG
Ideation Stage Startup Incubators in Luxembourg
The complete list of ideation phase incubators in Luxembourg:
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Environment, UrbanTech, Construction / Real Estate, Retail, Tourism, Logistics
Founded in 2017, the Luxembourg-City Incubator is a startup incubator founded by the Chamber of Commerce with the City of Luxembourg as its primary sponsor. By recruiting and supporting local and international entrepreneurs, the incubator hopes to assist and enhance the city's and country's economic and social dynamics. To accommodate these startups, the incubator provides workstations in private offices as well as open-space coworking facilities. The incubator helps entrepreneurs at all stages of development and in a variety of industries by offering them the tools, mentorship, and networking opportunities they need to succeed.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: FinTech
The LHoFT Foundation, otherwise known as Luxembourg House of Financial Technology Foundation, is a non-profit organization dedicated to encouraging innovation and digitization in Luxembourg's financial services business. Its goal is to bring together domestic and international communities to address difficulties and capitalize on opportunities, assuring the industry's competitiveness. The foundation supports the fintech community through training and research, as well as by assisting fintech enterprises in establishing and developing. Furthermore, the foundation collaborates with partners and stakeholders to foster collaboration and innovation in the fintech ecosystem.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: GreenTech
The Innovation Hub Dudelange is a startup innovation center that is specifically built to foster the growth of technological and innovative firms, with an emphasis on environmental technology and ecotechnology. The center is co-funded by the Ministry of Economy and overseen by Luxinnovation and Technoport. The hub provides a variety of amenities and services to its tenants, including assistance with fundraising, marketing, and information exchange.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Industrial Technologies, Industry 4.0, EnergyTech, CleanTech, Robots & Artificial Intelligence, Smart Construction, Smart Safety, Mining & Resources Management, Advanced Logistic & Sustainable Mobility, Advanced Manufacturing, Smart Engineering & Processes
Paul Wurth's InCub is a corporate incubator dedicated to supporting Industrial Technologies (InduTech) entrepreneurs. The goal of the incubator is to expand industrial innovations in Luxembourg and the market. They want to help entrepreneurs by providing international knowledge and exploring new business prospects. The incubator provides a variety of InduTech-related services, initiatives, partners, and activities. They host frequent InduTech Meetups to promote networking and collaboration within the industry.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
The University of Luxembourg Incubator is a dynamic and supportive platform that nurtures and empowers business initiatives. It acts as a link between academic research and innovation, offering a variety of tools and services to assist entrepreneurs in bringing their ideas to life and achieving commercial success. The incubator provides customized mentorship and advice to startup initiatives, ensuring that entrepreneurs receive the assistance they require at every stage of their journey. The incubator also provides access to significant networks and knowledge that help expedite the growth and development of businesses.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sustainable Construction
The Neobuild Innovation Center is a cutting-edge technological center dedicated to sustainable construction. Neobuild acts as a platform for project creation and innovation in the construction sector, with a particular emphasis on connecting members with the newest innovations. The center offers its members assistance and resources, as well as access to a large network of partners and specialists. One of its primary services is a cutting-edge laboratory with over 100 distinct materials, products, and systems, allowing innovators to test their innovations and products in real-world settings.
Launch Stage Startup Incubators and Accelerators in Luxembourg
The complete list of launch phase incubators and accelerators in Luxembourg:
Who is it for: Early startup with a team / Mature startup with a team
Need to have an idea: Yes
Focus: AI
Intema Accelerator is a program launched by INTEMA for developers of generative artificial intelligence technologies. The initiative seeks and supports entrepreneurs developing various AI solutions. Participants will have access to technological resources, computing power, big data, mentorship from experts, and the opportunity to test their ideas and business hypotheses in a corporate setting. The program provides paid pilots with firms, fundraising support of up to $10 million in investment, and the opportunity to sell technologies or enterprises to corporations.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Multiple Sectors
Gener8tor is a venture capital firm and accelerator that invests in companies and supports entrepreneurs, investors, corporations, artists, and job seekers in order to build wealth and jobs in communities. Investment accelerators, free accelerators, skills accelerators, creative accelerators, and sustainability accelerators are among the programs available. The investment accelerators provide capital and mentorship support through a 12-week investment-for-equity program. The free accelerators offer coaching support to help startups identify, build, and grow. Gener8tor also works with businesses to help them grow their corporate venture capital or innovation practices.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Multiple Sectors
OrangeFab is a global accelerator program founded by Orange, a major telecommunications company. The program's goal is to assist early-stage entrepreneurs by providing them with resources, experience, and connections. OrangeFab is present in a number of countries, including Luxembourg. Startups may receive access to a variety of benefits through the OrangeFab program. This includes mentorship from experienced Orange experts, aid in product development, marketing, and sales strategies, opportunities for important collaborations, pilot projects, and future investment with Orange, and exposure to Orange's consumer base.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Technology, Digital Space, HealthTech
Fit 4 Start is a highly-regarded business acceleration program in Luxembourg that supports digital ventures with innovative technologies, with dedicated tracks for healthtech and space startups. The program provides selected entrepreneurs with intense coaching, equity-free investment, and access to essential networks to help them develop and scale their firms successfully.
Growth Stage Accelerators in Luxembourg
The complete list of growth stage accelerators in Luxembourg:
Who is it for: Early startup with a team / Mature startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
The EYnovation™ Program is a 6-month comprehensive startup and scaleup coaching and mentoring program by EY. They support the Luxembourg government policy around startups through the EYnovationTM program, which brings their in-house expertise of dedicated multidisciplinary EY professionals and international network to ambitious entrepreneurs. Selected entrepreneurs may participate in their tailored seminars on high-priority subjects led by professionals from all EY service areas.
Who is it for: Mature startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
PwC Accelerator is an international market growth platform offered by PwC. The accelerator offers a variety of services geared to certain sectors and challenges, which enables businesses to design and implement tailored, responsive, and resilient programs that accelerate businesses for growth, market access, and international expansion. The accelerator specializes in alternative investments, asset and wealth management, banking, government and public services, industry and services, and insurance.
Who is it for: Mature startup with a team
Need to have an idea: Yes
Focus: Technology
Tomorrow Street is an innovation center formed as a joint venture between Vodafone and Technoport, Luxembourg's technology incubator. Its mission is to advance cutting-edge technology through supporting later-stage firms. Tomorrow Street assists scaleups with company development and operational assistance, leveraging Vodafone's global scale to provide global opportunities and access to the Vodafone ecosystem. The center is strategically located in Luxembourg, serving as a gateway to launch innovation throughout Europe and the world.
Closing Thoughts on Joining a Startup Accelerator or Incubator in Luxembourg
The startup ecosystem in Luxembourg provides an enticing environment for entrepreneurs to build, grow, and scale their firms. Luxembourg continues to draw startups from across the world due to its supporting government programs, significant funding sources, lively entrepreneurial culture, and access to a skilled workforce. With a detailed roadmap and several initiatives in place, Luxembourg is well-positioned for continued growth and success in the startup world.