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In order to support the Luxembourg’s startup ecosystem, the Ministry of Economy, in collaboration with Luxinnovation, is launching a call for projects for innovative solutions to fight against the Covid-19. Its name? Startups vs. Covid19.
by: Silicon Luxembourg
photo: Luxinnovation

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€150,000 Financial support

Targetting young and innovative companies, this call for projects concerns the development of innovative tech products or services intended to limit, or even overcome the economic, health or societal effects of the pandemic.

Up to 20 innovative projects will be selected. Each of these projects will receive up to €150,000 in financial support. The selected projects will have to be developed and launched within 6 months.

Project proposals must be submitted by 30 April, 2020. More information on the call for projects and the conditions for participation will soon be available the brand new Startup Luxembourg website.

“By launching the Startups vs. Covid19 competition I would like to support and mobilise all the talent and innovation of our startup ecosystem to help Luxembourg’s economy and society to overcome these difficult times,” says Franz Fayot, Minister of the Economy.

Webinars to provide information on support measures for startups

Webinars are also being organised from 8 April onwards by the Ministry of Economy, in collaboration with Luxinnovation, to increase awareness around the main support measures available for startups during this period.

The experts present at the webinars will answer questions that young innovative companies are likely to ask themselves in the current economic context. Information on the schedule and registration process for the various webinars is available on Startup Luxembourg website.

In order to facilitate the understanding of the most relevant aid measures applicable to startups, a table presenting the main instruments is available on Startup Luxembourg website.

The content of this press release reflects only the opinion of the author, Ministry of Economy and Luxinnovation