Spanning from SaaS solutions to sustainable 3D printing, the 10 selected startups will compete in this year’s finals of the Creative Young Entrepreneur Luxembourg (CYEL) competition.
Organised by the Junior Chamber International of Luxembourg, CYEL is a yearly competition aiming to support and highlight Luxembourg’s young entrepreneurs (aged 18-40).
Last year saw Circu Li-ion, which just raised a €8.5m Seed, take home the top spot and a cash prize of 4000€. The 2021 prize was awarded to Edutech startup Magrid.
This year, the CYEL Steering Committee interviewed more than 30 startups across various sectors including fintech, agritech, space, and AI.
“The journey to success is very tough considering the current economic situation but they are still here, and we are all very proud of them,” said Francois Neuberg, CYEL director.
The finalists
· LuxGeospatial by Saïf Hassani: Working with geographic Information systems and creation of 3D model landscapes for construction, engineering and asset management companies
· Orbita VC by Daniil Kirikov: A venture studio manufacturing companies
· Cortex by Ziya Alper Genç: A protection software against ransomware viruses
· Emma by Dmitry Panenkov: An easy-to-use no-code online tool aimed at automated optimisation of multi-cloud infrastructure
· Aërd Lab by Angelika Bocian-Jaworska: A solution to 3D print houses using sustainable materials
· Gearthagro by Rushank Bardolia: a circular business addressing current and future food insecurity by focusing on sustainable agriculture
· Myelin-H by Zied Tayeb: The startup’s hybrid brain-machine interface serves as the world’s first personalised brain health monitor and coach for individuals with brain disorders.
· Videobot by Matias Mäenpää: Creation of automated video flows for websites
· Spacetime by Shahriar Agaajani: Analysing and modelling environments using advanced robotics and data engineering
· Fabstwines by Fabienne Stanitz: A tech wine platform aiming at modernising the wine industry
After a pitching event in November, the winner and two runner-ups will be announced on Thursday 7 December at the CYEL Gala 2023.
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