6 Luxembourg Startups At Collision

Collision Toronto is one of North America’s biggest tech conferences (Photo Luxembourg chamber of commerce)

Six Luxembourg startups are on the hunt for financial backers and customers as Luxembourg hosts its first pavilion at Canada’s biggest tech fair Collision.

Led by Luxembourg’s Crown Prince Guillaume and economy minister Franz Fayot, the economic mission of more than 100 people and 40 companies and private institutions will visit Toronto and Montreal from 19 to 24 June. 

Collision is one of North America’s biggest tech fairs. Organised by Web Summit, the fair takes place in Toronto from 21-23, and this year expects 1,250 startups and over 35,000 attendees.

For the first time, Luxembourg has hosted a pavilion at the conference, a partnership between StartupLuxembourg.com, the economy ministry and chamber of commerce. 

The following startups are representing Luxembourg:

Modus 3Fintech

A platform to help companies to reduce manual and time intensive business processes, organizational barriers and bottlenecks, while monitoring regulatory compliance and governance requirements in real time.

A352Fintech

A352 is a financial navigator to help businesses manage cash flows from all bank accounts. 

NoBigDealICT

Led by a Canadian, NoBigDeal is a health rewards app bringing users promotions as rewards for walking, running, and doing other healthy activities.

InvestsetFintech

Investset is a wealth management partner tool creating a new investing experience to financial professionals, helping them to access assets around the globe and make data-driven decisions.

PassboltCybersecurity

Open source, transparent password management tool that makes it easier for users to access their passwords while on the go or away from their desks.

KoosmikFintech

A next generation digital wallet that allows for seamless savings, transfers and payments. With over 110,000 users, Koosmik’s target market is the African continent where it promotes financial inclusion and community.

The mission’s goal is to seek collaboration opportunities in the Canadian market, within the sectors of cybersecurity, space, health tech and fintech.

“On the one hand, it will enable Luxembourg companies to discover the Canadian market, and even to strengthen existing links. On the other hand, the mission aims to present Luxembourg to Canadian companies and institutions as a gateway to the European market and a privileged location for technological and innovative companies,” the economy ministry wrote in a statement. 

During day one of the conference, the economy minister had a live exchange on the Collision stage with Canadian Federal Minister for Innovation, Science and Industry, François-Philippe Champagne in which the two discussed economic cooperation.

Nigel Bergstra, who attended with his firm No Big Deal praised the networking opportunities at Collision. He said : “It was more like meeting friends than trying to sell, everyone wanted to help each other which was really cool. The other thing that surprised me was how much networking we did among the Luxembourg delegation. We met a lot of amazing people here that I hope will become good friends back home in Luxembourg.”

In Montreal, the mission programme will be focused on the space sector, and will involve exchanges with the Canadian Space Agency and visits to companies.

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