Are you an entrepreneur looking for the best location to launch your venture?
Choosing the right location for your business is a crucial step that requires research. Are political stability, strategic location, business-friendly environment, opportunities for growth and high standard of living among your dealbreakers?
We took a closer look at one of the trending destinations for international entrepreneurs. Are you curious about which is the best country to launch your venture? Keep reading!
Luxembourg: an innovation hub in the heart of Europe
The world’s only Grand Duchy, Luxembourg has the highest GDP per capita in Europe and offers a high standard of living, a great business environment and investment in innovation.
As the third most resilient economy in 2022 based on FM Global Resilience Index, the country offers a solid ground for starting a business.
A diversified startup ecosystem
Meet Infinite Reality, the metaverse entertainment and innovation company and learn why they chose to launch a global metaverse hub in Luxembourg.
Luxembourg is home to over 500 startups, dominated by IT and FinTech ventures, thanks to the outstanding digital infrastructures.
The Grand Dutchy gives a high priority to innovation and development as well as supports the sustainable business sector.
Luxembourg’s startup ecosystem offers opportunities for ventures at each stage of growth. Top events such as European Finance Summit, Arch Summit, Infrachain Summit are the meeting point for startups to make partnerships with investors, industry leaders, and corporate decision makers.
If you plan to launch your venture and need investment and resources, make sure to take advantage of Luxembourg’s leading accelerator programme, initiated by the Ministry of the Economy and managed by Luxinnovation. Apply now for the Fit 4 Start acceleration programme and get up to €150K equity-free funding!
There are three main things that made Luxembourg a great ally for us: the equity-free funding that took our project from idea to start-up and, hopefully, successful scale-up, the diversity of the population which makes Luxembourg a perfect testbed for innovative products, and the agility of the country and its decision making.
– Caroline Assaf, Founding Director of CoCo World
Its potential has also been noticed by international corporations, such as Amazon, ArcelorMittal Sourcing, Vodafone Procurement Company, Skype, Infinite Reality having their headquarters in Luxembourg.
Benefits of living and working in the heart of Europe
The strategic location in the heart of Europe makes Luxembourg an ideal test market for developing concepts and exploring new products.
We discovered that Luxembourg is at the centre of the EU and has strong start-up and financial ecosystems, a highly educated and international workforce and three languages – German, French and Luxembourgish, which would help us bridge different European markets in one shot. This made us choose Luxembourg over some other European regions.
– Roberto Machado, General Manager EMEA at CYBAVO
Luxembourg is a politically stable country and home to important institutions, such as the Secretariat General of the European Parliament, various units of the European Commission, the Court of Justice, the European Investment Bank and so on.
Renowned for its research centres, the University of Luxembourg supports the most international universities in Europe educating young leaders from 120 countries worldwide.
Could you imagine yourself living in one of the happiest countries in the world?
As the most international country in Europe, Luxembourg is also known to be the sixth happiest country in the world. The Grand Duchy combines lively cities with several thousand kilometres of hiking and biking paths and scenic landscapes.
Does Luxembourg seem to you as a place of peace, prosperity and opportunities? Is it the best country to launch your venture in Europe? Let us know in the comments!
The Ministry of the Economy and Luxinnovation has recently announced an open call for international startups to join it’s Fit 4 Start acceleration programme. The chosen startups will get €150K equity-free funding, coaching and access to corporate partners based in Luxembourg. Deadline is September 19, 11:59pm CEST. Don’t miss out and apply today!