The Business Mentoring scheme launched by the Chamber of Commerce and the Luxembourg Business Angel Network also offer founders help in establishing and developing their companies.
The business plan competition 1,2,3, GO organised by the chamber’s start-up consultancy Nyuko offers smaller companies in Luxembourg as well as the surrounding regions in Belgium, France and Germany the opportunity to draw on the wisdom of experienced entrepreneurs to help develop their businesses.
Luxembourg now has a range of business incubators that aid start-up companies by providing services such as management training or office and co-working spaces. They vary according to the type of business they specialise in: the PwC Accelerator, for example, helps small businesses expand internationally, while Paul Wurth InCub specialises in industrial technology and the House of Biohealth supports biotech, IT and cleantech companies.
More incubators are emerging as the technology sector flourishes in Luxembourg. The Technoport in Belval was launched almost two decades ago by a public research centre; one of the latest is the Luxembourg City Incubator, a joint venture between the Chamber of Commerce and the capital’s municipal administration that will share premises with Nyuko and the Luxembourg House of Financial Technology.