Establishing an innovative company in Luxembourg Luxembourg has a vibrant local ecosystem for start-ups and offers a range of support initiatives for entrepreneurs with innovative business ideas. The country is also an attractive location for foreign companies that wish to set up branch offices, or even their headquarters, in a strategic location in Europe. Luxembourg ecosystem for innovative start-ups The support offer for innovative start-ups includes, among other things: Public and private business incubators and co-working spaces The tailor-made accelerator programme Fit for Start Awards and pitching competitions Free-of-charge coaching and advice including, for instance, business plan support, mentoring and support with formal procedures Governmental R&D and innovation grants Private investment by business angels and venture capital investors Several of these initiatives are also available for foreign companies that are establishing branch offices in Luxembourg. R&D and innovation funding Luxembourg offers several attractive research, development and innovation grants to companies established in the country. State bank loans and participating interests are also available. Sector cooperation Luxembourg actively encourages cooperation between innovative companies and research centres in order to concentrate resources and means, achieve a critical mass and accelerate the transfer of knowledge and good practice. The Luxembourg Cluster Initiative supports research and innovation collaboration in priority sectors for the Luxembourg economy, including automotive components, biohealth, ecoinnovation, ICT, materials and production technologies and space technologies.