Thinking new. Identifying needs. Capturing opportunities. Pivoting to adapt to changes in the environment.
These actions are typical for startups. In Luxembourg we know them well - because we have done them ourselves, several times.
Over the last decades, the country has been continually opening up to new ideas, innovating and reinventing its economy by constantly adapting to changes and challenges. Once one of the world's largest steel producers, we were able to pivot our economy several decades ago. Today, Luxembourg is a global financial centre, a rapidly growing European hub for commercial space activities and a pioneer in developing a data-related standard for circular products. It is also home to a knowledge-based industrial sector with a strong focus on innovation and R&D.
Luxembourg focuses on developing a robust data economy and a startup ecosystem centred on data-driven innovation. The ambition is to create a data marketplace that combines efficient data protection with access to world-class technologies to serve as a springboard to and within a thriving European market.
The country's digital infrastructure, which is outstanding in terms of connectivity, cybersecurity expertise and secure data storage capacities, also includes a business-oriented supercomputer available for use by startups and other companies. The Luxembourg National Data Service provides services for value creation from public sector data. Luxembourg is home to a national sovereign cloud, and is the only country to offer full access to historical Earth observation data via the Luxembourg Space Agency.
Luxembourg hosts internationally renowned public research centres that are strongly oriented towards industry partnerships and innovation.
The University of Luxembourg was created in 2003. It is ranked 20th worldwide in the Young University ranking and counts over 7,000 students from more than 100 different countries. The University’s renowned research centres include the Interdisciplinary Centre for Security, Reliability and Trust (SnT) and the Luxembourg Centre for Systems Biomedicine (LCSB).
The country also counts a number of research institutes such as the Luxembourg Institute of Science and Technology (LIST) and the Luxembourg Institute of Health (LIH).
