During the launch of the call for projects, the Minister of the Economy, Franz Fayot, said: “The social and solidarity economy and more particularly social entrepreneurship, fuelled by social innovation, is one of the ways to meet the challenges of sustainable development, while contributing to the creation of quality jobs and the sustainability of the economy.”
The Minister of Labour, Employment and Social Economy, Georges Engel, said: “We will continue to encourage the creation of societal impact companies, because in the face of the challenges we are currently facing, it is essential to promote another form of entrepreneurship that focuses more on social and environmental aspects. It is also in this context that my ministry has inaugurated the Social Business Incubator, which is the central meeting point for all players in the sector.”
Application process for the call for projects
Applications must be submitted by 15 June 2023 at the latest and must include a description of the project or programme, the activity or the investment and its innovative features, as well as a description of the terms of their valuation and the economic potential.
An information sheet detailing the procedures for participating in this call for projects and the application form can be consulted on guichet.lu.
What is social innovation?
Social innovation can be described as an economic activity aimed at preserving and developing social ties, maintaining and strengthening territorial cohesion, developing cultural or creative activities and promoting initial or continuing training. Here are some examples:
- Combating the waste of food that would otherwise be thrown away and making it available for charitable purposes
- Devising housing concepts that offer free places to stay, for example with elderly people, to combat the housing shortage
- Creating an energy community to share the purchase and operation of a renewable energy production plant
Luxinnovation offers expert and personalised support for all your innovation activities and can support with the preparation of proposals.
Photo credit: House of Startups