Luxembourg's Ministry of the Economy

Luxembourg's Ministry of the Economy is a government body responsible for the country's economic development policy. It actively supports businesses, particularly startups and innovative enterprises, through various financial aid schemes, grants, and strategic co-investments. Key initiatives include the Fit4Start acceleration program, which provides financing and coaching, and aid for young innovative companies. The Ministry's support focuses on strategic sectors such as ICT, logistics, space, health technologies, and cleantech to foster innovation and economic diversification. It often acts as a co-investor alongside private venture capital funds to stimulate the startup ecosystem.