Luxembourg Young Innovative Enterprises Support

Program Overview

Financial aid for Young Innovative Enterprises is granted by Luxembourg's Ministry of the Economy to help innovative companies less than 5 years old that have recently raised private capital. The program facilitates entry into a growth phase by accelerating product development and stimulating marketing and sales activities.

Funding Details

Type: Financial aid grant

Amount: Varies based on project and needs

Purpose: Growth phase acceleration

Eligibility Requirements

Company age: Less than 5 years old

Innovation requirement: Must be innovative enterprise

Funding status: Recently raised private capital

Location: Based in Luxembourg

Eligible Activities

Product development: Accelerating development of innovative products

Marketing activities: Stimulating marketing efforts

Sales activities: Supporting sales expansion

Growth initiatives: Facilitating entry into growth phase

Application Process

Step 1: Verify eligibility (company age, innovation status, private capital raised)

Step 2: Prepare application to Ministry of the Economy

Step 3: Demonstrate innovative nature of enterprise

Step 4: Provide evidence of recent private capital raise

Step 5: Submit growth plan detailing product, marketing, and sales objectives

Program Objectives

Bridge funding gap between seed and growth stages

Support young companies after private capital raise

Accelerate time to market for innovative products

Strengthen Luxembourg's innovation ecosystem

Key Benefits

Non-dilutive funding after private capital raise

Government backing for growth initiatives

Flexible support for product and market development

Complements private funding already secured

Contact Information

Granting authority: Ministry of the Economy

Information: meco.gouvernement.lu

Support: Luxinnovation can help identify and prepare applications