Perspectives on Luxembourg's startup ecosystem

Stéphanie Silvestri, former Senior Advisor Start-up Acceleration at Luxinnovation, describes Luxembourg as "a perfect testbed for starting your business and scaling internationally" and a country that is "open to new ideas and innovation".

Davide Martucci and Semin Ibisevic, both co-founder of the fintech startup Next Gate Tech, point the high commitment of Luxembourg to support their startup to grow.

"The small, dynamic and open market to test new applications, as well as the strategic geographical location" are the mains arguments that Diego De Biasio, the CEO of Technoport, usually uses to attract new startups in Luxembourg.

According to Sébastien Wiertz, CEO of Paul Wurth Incub, Luxembourg offers a "fast ecosystem where it is easy to access institutions" and key decision makers.

According to Nasir Zubairi, CEO of the Luxembourg house of financial technology - Lhoft, Luxembourg's startup ecosystem is "vibrant" and you can feel an "energy that permeates and makes everyone excited, including me, to wake up every morning knowing that we can achieve things."

Bastien Berg from the Luxembourg-City Incubator describes the Luxembourg's startup ecosystem as highly collaborative "because all actors of the startup ecosystem are working hand in hand in order to strive for the same goal."

Cédric Spaas, founder of the healthtech startup Arpectra, was seduced by the very collaborative ecosystem that helps you to "always find an efficient answer to your problem".

University of Luxembourg Incubator is positioning itself as a pre-incubator to the rest of the ecosystem. Pranjul Shah, the Manager, believes that "entrepreneurship can be taught and when you are a student, it is the best time of your life to take risks."

German Castignani, the co-founder and CEO of Motion-S, points a "good mix between industrial partners and a very solid academic and research background." Founded in 2014 as a spin off of the University of Luxembourg, the startup is still doing research in collaboration with local institutions.

Luxembourg has been active in space for several decades already and has a well developed ecosystem in this field that continues to grow, according to Mathias Link, Director ESRIC & Luxembourg Space Agency.