search

A member of the Luxembourg Socialist Workers’ Party would seem to be an unlikely champion of asteroid mining ventures. But Étienne Schneider, who represents his party in Luxembourg’s coalition government as deputy prime minister and minister of the economy, has become the biggest proponent of the emerging space resources industry among government officials in any country.

Under Schneider’s leadership, the country established its SpaceResources.lu initiative in 2016, offering 200 million euros — and promises of a friendly legal regime — to attract space resources companies to the country. That has lured companies including Deep Space Industries and Planetary Resources from the United States, and ispace from Japan, to set up offices in Luxembourg. In July, Luxembourg’s parliament passed legislation that grants companies operating from the country rights to space resources they extract, similar to a U.S. law passed in 2015.

However, those efforts have attracted more than just lunar and asteroid mining companies. In November, Spire announced it would establish its European headquarters in the country, which will eventually host as many as 250 employees. In turn, the Luxembourg Future Fund would participate in Spire’s $75 million Series C funding round. Schneider hailed the deal as the latest milestone in “our government’s three-decade history of attracting ground-breaking companies in this sector,” dating back to the formation of Luxembourg-based satellite operator SES in the 1980s.

There’s more to come from Schneider and Luxembourg. In a speech in November at the NewSpace Europe conference in Luxembourg, he said the country was working to establish a national space agency that will act as a public-private partnership with venture capital funds to invest in more space companies. “Luxembourg is ready and eager to support and nurture the growing number of commercial space initiatives,” he said.

Article from Spaceressources

Read more

Esch-Schifflange: the city of the future begins to emerge

17-07-2018

As part of the national project for regeneration of more than 60 ha of Arcelor Mittal brownfields in Esch-Schifflange, with the aim of creating an eco-district, the Agora development company tasked Luxinnovation with initiating a process to identify innovative technologies, services and products. The first brainstorming session was held at the beginning of July.
Read more

MyMedBot a virtual companion for patients with a life-threatening chronic condition

16-07-2018

MyMedBot is a virtual personal assistant which empowers young people who live with a life-threatening chronic condition to fully live their life without fear. Through our mobile application, a MyMedBot user can pre-emptively setup an emergency plan and have the peace of mind that the right people will know how to help when they need to – no matter if in a classroom or on a night out.
Read more

Place your ads at the right time with Metri

16-07-2018

Metri allows companies to save money and increase conversions by showing the right ads at the right time.
Companies can use triggers like weather data, stock market data, or website activity to automatically pause/un-pause ads or increase/decrease bids.
For example, a food delivery company could show more ads on a rainy day or show more “buy bitcoins” ads when the price of Bitcoin is low.

Read more

Salonkee brings beauty salons into the digital future

16-07-2018

Salonkee is disrupting the hair- and beauty sector by digitalising hairdressers, masseurs and beauty salons with innovative and highly effective software solutions. We provide salons with anything from online bookings, automated appointment reminders, a smart digital calendar, a point-of-sale and stock management, bringing them into the future and making them much more competitive as opposed to “old-fashioned” pen & paper salons.
Read more

New BTS "Gaming" and "IoT" at Arts et Métiers

13-07-2018

The Lycée des Arts et Métiers (College of Arts and Crafts) in Luxembourg will enrich its offer in September, with three new BTS courses dedicated to gaming and the Internet of Things, two areas which point to more and more opportunities on the employment market.
Read more

All news

Close