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Prime Minister Xavier Bettel and the Minister of Economy Etienne Schneider attended the Arch Summit conference that took place last week at Luxexpo. They both emphasized how proud Luxembourg is to welcome a gathering of so many startups from around the globe, encompassing 175 startups from 30 countries present.
(Featured Image: Prime Minister Xavier Bettel at Arch Summit 2018 / Image Credit © Silicon Luxembourg / Olivier Minaire)

The key is innovation. Luxembourg has always found ways to reinvent itself, thanks to a fully open economy” declared Minister Schneider.

Prime Minister Bettel also took time to remind the audience about the Luxembourg’s background, and the major innovative steps this country took by simply being open to new business ideas, such as Luxembourg’s early investment in telecommunications (RTL, for example, is one of the largest media groups in Europe) and satellites (SES’s place as one of the biggest satellite companies in the world!).

We are a traditional country, and we’re open for business. This is what makes the success of this country: to be ready for the next thing,” said the Prime Minister.

With an overall count of 200 million Euros invested in startups, Luxembourg is welcoming innovation from every field.

We are an open country that loves to take risks!” proudly declared Etienne Schneider.

“When you start a company, you need to have people ready to listen and help. Let me reassure you that you have found the right place here in Luxembourg!”

The Prime Minister warmly thanked Arch Summit, especially Vodafone and Technoport, for the event that brought so many actors to the same place, who all profited in the end by coming together.

It truly reflects my country’s position at the heart of Europe, where the world comes together and connect. Valuable connections and impact will take place here. Sometimes life-changing events for a corporation come from simple exchanges, discussions. The real value lies in the residuary impacts that will be felt after this event,” said the Prime Minister.

The connections made thorough those 2 days between startups and established corporations are essential to help those startups to turn ideas into reality. The Prime Minister brought it home, saying, “When you start a company, you need to have people ready to listen and help. Let me reassure you that you have found the right place here in Luxembourg!

The Luxembourgish startup ecosystem still has a lot to show to the world!

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