Luxembourg’s healthtech sector is set to benefit from a new accelerator programme, Fit 4 Innovation – HealthTech Market, set to launch in the first quarter of 2023.
Economy minister Franz Fayot announced the new programme at the inauguration of the third extension of the House of Biohealth on 12 January, an event attended by Luxembourg’s Crown Prince Guillaume.
The programme aims to support healthtech firms tackle regulation and certify innovative products so that they can be released onto the European market.
During the event, the ministry, along with the National Research Fund and Luxinnovation, announced a second Joint Call for HealthTech Projects. The call, which opens on 1 February 2023, aims to foster partnerships between research and healthcare organisations and companies at prototype stage.
9,500m2 of laboratories
Located in Ehlerange, southern Luxembourg, the House of Biohealth serves as a hub for biotech and healthtech firms in Luxembourg, supporting them in their R&D activities. It first opened in 2015 and, thanks to a collaboration between the economy ministry, private investors and an association that runs the Ehlerange activity zone, its facility now spans 9,500m2 of laboratories and 5.500m2 of office space.
“I’m convinced that this is just a stepping stone towards a new era in the health sector.”health minister and deputy prime minister Paulette Lenert
The site boasts a 350m2 bio incubator to accommodate healthtech spin-offs and startups. At the launch on 12 January, medical refrigeration firm B Medical Systems announced plans to open additional offices at the House of BioHealth.
“With research as the starting point, we have been able to include both healthcare and the private sector in this flagship project, the Luxembourg House of BioHealth,” said deputy prime minister and health minister Paulette Lenert, adding: “I’m convinced that this is just a stepping stone towards a new era in the health sector.”