In 2014, the startup ecosystem in Luxembourg had a breakout year with the launch of many exciting new organisations and initiatives that support entrepreneurs and startups. Luxembourg has long been entrepreneur-friendly, and now these new resources make it even easier and more profitable to launch new companies in Luxembourg.
I’m looking forward to seeing how many entrepreneurs come to Luxembourg in 2015 to take advantage of this unique startup environment. Here are some of the highlights that took place in the Luxembourg startup ecosystem in 2014:
Startup activity in Luxembourg is so dynamic that a media website has been created to present current news, activities and events. Here you’ll find news about recent startups, learn what drives successful entrepreneurs and get insight into incubators, VCs, R&D centres and government programs. To get a visual view of the entire startup ecosystem, take a look at this Luxembourg Startup Map.
An important initiative of great interest to entrepreneurs gained traction this year in the business community. Called “1-1-1 Company,” it is a proposal to allow one person to form one Luxembourg company in one day with capital of one euro. Strongly backed by the American Chamber of Commerce and structured after an original proposal by the Luxembourg Chamber of Commerce, it is now being considered by the Luxembourg government.
Girls in Tech
March 2014 saw the launch of the local Luxembourg chapter of “Girls in Tech.” Part of a global organisation, the Luxembourg group focuses on the engagement, education and empowerment of women in technology. Its goal is to foster the growth and success of entrepreneurial, innovative women in technology sectors. Already very active, it sponsors events, training and, in partnership with Amazon, is offering a series of workshops on topics ranging from programming, Web design, database overview (SQL) and Agile project management.
Nothing inspires new entrepreneurs more than hearing visionary business people talk about how they achieved success. Startup Grind is a global startup community designed to educate, inspire and connect entrepreneurs. The Luxembourg chapter was very active in 2014, hosting local founders, innovators and educators who shared personal stories and lessons learnt. It is starting 2015 in excellent style, with Michael Jackson from Mangrove Capital as the first featured speaker of the year.
Founders in a Castle
In 2014, the first Founders Forum and Startup Conference in Luxembourg, known as “Founders in a Castle,” saw dozens of entrepreneurs and startups meet with over 200 leading founders, VCs and business angels from Paris, Brussels, London, Berlin, Israel and Silicon Valley. Through public and private “pitching sessions,” many deals were closed and important contacts made. The 2015 conference promises to be an even bigger success.
Luxembourg Startup Weekend
Twice a year, the world-class incubator Technoport hosts the “Luxembourg Startup Weekend.” The 54-hour marathon event in November 2014 gave over a hundred would-be entrepreneurs coaching, advice, inspiration and a roadmap to success. Anyone is welcome to pitch his or her startup idea and receive feedback. Then, teams are formed to develop business models. Finally, presentations are given to local entrepreneurial leaders.
Much more happened in the startup ecosystem in 2014 than I can report in this blog. To get more detail and learn about the activities of Luxinnovation, Seed4Start and more, you can read the Best of 2014 article on the Silicon Luxembourg website.
My POST Telecom colleagues and I are happy to play a key role in this startup ecosystem by tailoring international connectivity, Cloud, storage and telecom services for young companies in sectors such as Media, eBusiness, Gaming, Biotech, Finance or eCommerce. In addition, we connect entrepreneurs or startups to key business resources in Luxembourg. If you want to know more about how we can help you get started with your business in Luxembourg, please contact me.