Franz Fayot and Sasha Bailey redesign Luxinnovation’s “Fit 4” programs to stimulate innovation in companies

  1. (Left to right) Pascal Jacket, CEO of Polygon Luxembourg; Sasha Bailey, CEO of Luxinovation; Franz Fayot, Minister of Economy

  2. (Left to right) Pascal Jacket, CEO of Polygon Luxembourg;  Sasha Bailey, CEO of Luxinovation;  Franz Fayot, Minister of Economy;  Isabel Lentz, chief commercial officer of Munhoen

    (Left to right) Pascal Jacket, CEO of Polygon Luxembourg; Sasha Bailey, CEO of Luxinovation; Franz Fayot, Minister of Economy; Isabel Lentz, chief commercial officer of Munhoen

This new design of programs “Matching 4“The goal is to better respond to the specific needs of companies in a changing environment and is in line with various European and national strategies in terms of digitization and sustainability.

“It is essential for both the company and the national economy to consider the challenges of digital transformation and sustainable development as closely as possible,” Franz Fayet explained. “Through program restructuring”Fit 4 “ Around the three pillars of digitization, innovation and sustainability, Luxinovation is optimizing its core position in these key themes and further developing its added value. “

Considering its successFit 4 digital“With companies, it will be studied whether areas such as cyber security or artificial intelligence will be added to the panel of appropriate digital solutions under this program to enable companies to compete.

The “Fit 4 Innovation” program enables companies to improve their performance. In the medium term, the program will be enriched with an element to help companies transform into their new business model and an element that allows companies in the healthcare sector in particular to understand medical regulatory expectations. Manages the marketing of their products.

Immediately, a new program, “Fit 4 durability“To enable companies of all sizes to be more sustainable in their approach. Its scope covers পদ 4 (reduction, reuse, repair, recycling) covering carbon footprint, developing renewable energy use, improving energy use, and implementing round-the-clock work.” Or policies to reduce resource utilization and waste generation.

“The consultants we are going to support will have a diagnosis with companies interested in the program. This will create an implementation roadmap and a cost estimate. Companies will then be able to benefit from a reimbursement. Projects launched in the same context may also be eligible for additional public support from the Ministry of Economy, “explained Sasha Bailey, CEO of Luxinovation.

It should be noted that this redesign of programs “Matching 4“Fit 4 does not worry about the Start Acceleration Program, which continues to support start-ups in their development.

Presentation of Luxinnovation’s 2021 Activity Report

In addition to the overhaul presentation of the event “Matching 4Luxinnovation also presents key figures from its operations for 2021, where innovation companies focus their missions around two main axes: providing companies with the means to innovate today to prepare for tomorrow, and focusing on digital and sustainable development. To stimulate the development of the economy.

“We have supported more than 420 companies through us Cluster Initiatives, And how companies need to develop quality applications for R&D and innovation grants, as well as specific grants in the context of epidemics such as Covid R&D, COVID INVEST and Neistart. Also, more than 340 companies have followed one of our programs Matching 4“Our teams have worked hard to support national companies to participate in international projects funded by the European Commission under the Horizon Europe program,” said Sasha Baillie. This represents an additional 17 million in funding. “

Luxinnovation has also set up a web platform to support the first call for collaborative R&D projects through public-private partnerships (PPPs) in the field of health technology. This “Joint call“Last March, 75% of the বা 6.10 million budget was co-financed by the Ministry of Economy and the National Research Fund, leading to the selection of 4 projects.

The National Innovation Agency has identified more than 200 international companies looking for opportunities in Europe that could benefit from a presence in Luxembourg. The organization actively participated in the organization of “Soft landing“For about 100 of them. Finally, 10 international companies have chosen, in 2021, to establish themselves in the Grand Duchy in support of Luxinnovation.

Press Release from the Ministry of Economy and Luxinovation

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