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July 2023 ISSUE #76
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“Efficient support, impressive open-mindedness”
On 12 June 2024, Japanese deeptech startup Thermalytica officially announced the establishment of a subsidiary in Luxembourg. This marks the company’s first overseas presence, set up to introduce its innovative technology for enhanced insulation performance in the European market. We spoke to founder and CTO Rudder Wu about why the company chose Luxembourg.
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Startup accelerator Fit 4 Start: New call for applications open
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Teraki opens Luxembourg office with plans to scale
In April 2024, German Teraki registered a new office in Luxembourg, from where it plans to expedite market entry for AI-driven autonomous vehicle solutions.
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Luxembourg's investor appeal surges
72% of senior executives surveyed by EY plan to invest in Luxembourg within the next year. The country also remains the top destination for FDI projects per capita.
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15 startups graduate from the Fit 4 Start #14 programme
The 2024 Fit 4 Start Graduate Showcase celebrated 15 startups from different countries that successfully completed the 14th edition of the Luxembourg startup acceleration programme.
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Exploring European business expansion at Nexus 2050
Numerous international innovative companies attended tech event Nexus 2050 to discover opportunities for further European business expansion through Luxembourg.
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We are looking to expanding into more countries in Europe and are interested in a central European location. It is very clear that Luxembourg is working on innovation and you can see how the country develops: there are more and more startups and innovative ideas.
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Julia Bialetska, CEO and co-founder of S. Lab
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Strengthening Luxembourg-South Korea business relations
Luxembourg’s new embassy in Seoul was inaugurated on 3 July 2024 during a government working visit to South Korea focusing on the economy and research.
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Building bridges for startup market expansion
A partnership between Tsukuba City in Japan and Luxembourg paves the way for startups from the two countries to penetrate the European and Asian markets.
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