search

Innovation competitivenessIn the latest edition of its Global Competitiveness Report covering the year 2018, published mid-October, the World Economic Forum (WEF) ranked Luxembourg 19th out of 140 countries in terms of its ability to innovate. The country therefore enters the Top 20 (it occupied 22nd place in 2017), but in a ranking established using a new methodology, making it, in fact, difficult to make a direct comparison.

Nevertheless: as the WEF recalls, this “ability to innovate” remains the strong point of the economies considered to be the most competitive. Moreover, it is also in 19th place that Luxembourg ranks in the “global” ranking of the most competitive economies.

This good news for the national innovation ecosystem is in line with another international ranking published at the beginning of the summer: in the 2018 edition of its Innovation scoreboard, the European Commission promoted Luxembourg to the upper division, moving it from the group of “Strong Innovators” to that of “Innovation Leaders”. The country is moving above Germany and joining the best-performing European economies in Sweden, Denmark, Finland, the Netherlands and the United Kingdom.

A pillar

Luxembourg has a global innovation index 21% higher than the EU average, improving its performance compared to the EU average by 6.6 percentage points between 2010 and 2017. The country notably stands out in terms of the attractiveness of its research system, which is 98% higher than the EU average. The ranking for intellectual assets (patent applications, trademarks and designs) is 53% higher than the EU average.

As part of the Rifkin strategic process to implement the Third Industrial Revolution, Luxembourg’s public and private economic players have clearly identified the “innovation economy” as one of the pillars requiring action to ensure the country’s transition to a sustainable model.

Economic diversification is clearly based primarily on innovation. This is characterised, on the ground, by the establishment of an efficient R & D ecosystem (also recognised by the European Commission as one of the strong points of the country), the development of higher education, sectoral diversification (in particular in ICT, health technologies and the space industry) or even an increase in the availability of digital training.

Innovate, innovate, there will always be something left

Contrary to popular belief, the notion of innovation is not necessarily – and absolutely not exclusively – linked to that of (high) technology. The Luxembourg legislator defines it as “any new thing in the form of product, service, process, method or organisation resulting from the application of new ideas or research and development efforts”.

It therefore concerns both “organisational innovation” (via the implementation of a new organisational method in business practices, workplace organisation or the company’s external relations), that “process innovation” (linked to the implementation of a new or substantially improved production or distribution method, which implies significant changes of a technical, material or software nature).

The legal framework is firmly in place: the recent law of June 2017 on aid schemes for research, development and innovation (RDI), encourages private companies to boost their efforts in this area. The ceiling for aid granted to young innovative companies has been raised to 800,000 euros, while the maximum rates applicable for the process and organisational innovation projects carried out by SMEs are now 50%.

This law of 2017 now also provides for the possibility of granting aid in the form of equity contributions for young innovative companies. For them, from now on, to be part of such an approach from which they will always benefit, at whatever level.

Read more

Goodyear and Luxembourg – partners in innovation

16-04-2019

The top management of global tyre company Goodyear was in Luxembourg on 12 April 2019 for the group’s Patent Dinner 2019. Luxinnovation’s CEO Sasha Baillie was invited to give a keynote speech on the long-standing and successful innovation partnership developed between one of the largest tyre companies in the world and the dynamic host country of its only innovation centre located outside the US.
Read more

Organising the cross-border mobility of tomorrow

12-04-2019

The mobility of the future must be safe, environmentally friendly and flexible. It must also be simple, inexpensive and accessible to all in order to maintain and promote the development of the cross-border labour market. In this context, automation and intelligent transport systems play a central role. All possible ways of improving the flow of cross-border workers have to be taken into consideration. An interesting proposal developed by the TERMINAL project aims at setting up an automated electric shuttle bus between France and Germany.
Read more

2018: A successful Horizon 2020 year for Luxembourg

10-04-2019

2018 marked the entry into the last work programmes of Horizon 2020, the European Commission’s framework programme for research and innovation. Luxinnovation hosts the National Contact Point services for Horizon 2020 in Luxembourg and can look back on a productive year with exceptionally high success rates for Luxembourg applicants for Horizon 2020 funding.
Read more

Fund postdoctoral researchers in your organisation with MSCA

09-04-2019

In January 2019, Luxinnovation launched an action aimed at supporting Luxembourg organisations with attracting researchers through the Marie Skłodowska-Curie Individual Fellowships (IF) scheme. These fellowships are an efficient way to obtain financing covering 100% of the costs for postdoctoral researchers working in the public or private sector.
Read more

Autonomous cross-border mobility tested in Schengen

08-04-2019

Autonomous and connected driving opens up completely new perspectives for mobility of tomorrow. However, there are still hurdles to overcome, in particular for self-driving vehicles travelling in several different countries. On 3 April, top-level politicians, researchers and industry representatives gathered in Schengen to see the first live demos of autonomous cars using the digital cross-border testbed that links the three countries.
Read more

All news

Close