Ministry of the Economy and Foreign Trade
Phone: +352 24 78 41 62
Luxinnovation, National Agency for Innovation and Research
Phone: +352 43 62 63 1
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.
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:
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.
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.
Aid applications and their appendixes should be submitted both:
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.
Luxinnovation will be pleased to help you prepare your application free of charge.