The Luxembourg Federation of Startups (FLSU) announced today the results relating to the elections of the new members of the board as well as the results of the first claims. 170 voters registered. 123 voted. 72.35% turnout rate.
Antoine Hron (Klin), Sharon March (March Senior Consult), Pascal Lucchese (Atis Network), Giovanni Patri (Phoenici) and Martin Schoonbroodt (Probiotic Group) have been elected and will be the representatives of the startups in Luxembourg.
The vote showed that the startup financing system can be improved in Luxembourg. 88% of the voters agreed with this initial observation.
Voters also largely voted “for”:
- A change of status from Luxinnovation to a “financing agency”.
- A more favourable position of the CSSF in favour of Crowdfunding and ICOs
- The establishment of a bankruptcy prevention system and the right to a second chance in case of bankruptcy of non-fraudulent bankruptcy
- The facilitation of the business creation procedure and the processing of files siloed
Finally, the creation of a VC investment fund for local startups is largely supported. The “yes” vote wins by 92%.
The Federation wishes to position itself as an intermediary between the Ministries of Economy, Finance and Middle Classes, and startups. To this end, the Federation proposes to the various state actors (Ministries, CSSFs, banks, etc.) a meeting in order to to initiate exchanges. The objective is to open a dialogue. This vote lays the groundwork for discussions to improve the existing ecosystem. The Federation requests, in this regard its participation in the working group on the establishment of a tax shelter, which could be inspired by the Loi Rau or any other mechanism providing the same effectiveness.
The FLSU expects that each of the decisions taken and demands should previously be voted on in full democracy and transparency. Voting is anonymous and is done via the Balotilo.org website. The position of the Federation represents that of the majority of its members and in no case that of the individual members. The next vote will take place in mid-September 2019.
Here are the details of the votes: