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€300m to foster innovation and fund startups

24.03.2025 - Delano

In the press

Keeping startups in Luxembourg is one of the key objectives of the new action plan presented on 24 March 2025 by the finance and economy ministers. The National Credit and Investment Institution (SNCI) will allocate an additional €300m to support startups and innovation.

“The aim is to provide more support for start-ups and the innovation ecosystem. The idea is not necessarily to say that today we have 650 and in three years we want 1,000, but rather to keep the start-ups that are there and of course to welcome new ones under good conditions", explained the minister for the economy, SMEs, energy and tourism, Lex Delles (DP), on Monday 24 March.

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