The aid for young innovative enterprises made available by the Ministry of the Economy and Foreign Trade, aims to help cover the funding needs of young innovative enterprises, which have high growth potential, during their development phase.

Beneficiaries

This aid targets small enterprises or small private research organisations established in Luxembourg which were created less than 6 years before the aid is granted and:

• which will, in the foreseeable future, develop new products, processes or services, which involve a significant risk of technical or industrial failure

OR

• which have used at least 15% of their operating expenses for R&D over at least 1 of the 3 years preceding the granting of the aid, or over the current year

Eligible costs

All of the enterprise’s expenses are eligible. The aid is thus particularly suitable for supporting the enterprise’s commercial development or for the setting up of its infrastructure.

Forms of aid

This aid can only be awarded once and it cannot exceed €1 million.

The aid can be combined with other aid allowed under the RDI promotion schemes, as long as the aids do not cover the same expenses.

Submitting an application

Aid applications and their appendixes should be submitted both:

• in electronic format (pdf and docx or doc, rtf, odt) to the following e-mail address: loi.rdi@eco.etat.lu. The mail subject must include the name of the company and the name of the project
• and in paper format to the Ministry of the Economy and Foreign Trade, Directorate of Research and Innovation, L-2914 Luxembourg

Aid applications must be submitted before the RDI investments are made or before the relevant connected activities are launched. Before submitting your application, consult the guidelines for the submission of aid applications.