search

High-performance computing is key to the digitisation of industry and the data economy. Its many practical applications will provide benefits to a wide range of industrial and business sectors, as well as to users from academia, scientific communities and the public sector.

EuroHPC will oversee the pooling of resources within Europe to develop supercomputers for processing big data, which is essential for addressing current major scientific and societal challenges. The Luxembourg-based entity will manage around €1 billion of public funds that will be invested in the initiative between now and 2020. €486 million will be provided by the EU, while the rest will come from the Member States and associated countries that are part of the initiative.

A public-private partnership

The European high-performance computing (“EuroHPC”) joint undertaking will take the form of a public-private partnership. It will provide a legal, contractual and organisational framework to its members. The members of the joint undertaking will be the EU, individual EU countries, third-party countries associated with the Horizon 2020 programme and private associations.

Originating from an initiative by Luxembourg, EuroHPC is based on an agreement signed in March 2017 between Luxembourg, Italy, Spain, France, Germany, Portugal and the Netherlands. Since then, Belgium, Slovenia, Bulgaria, Switzerland, Greece and Croatia.

Luxembourg at the forefront

The European Commission’s decision to locate EuroHPC in Luxembourg was welcomed by Prime Minister and Minister of State Xavier Bettel. “This confirms the attractiveness of Luxembourg as an innovative country,” said the Prime Minister. “The means deployed at the national level are aligned with the Digital Luxembourg initiative, and Luxembourg is ready to once again play a precursory, constructive and participatory role in the implementation of Europe’s digital strategy.”

While waiting for the implementation of the European HPC network, Luxembourg will acquire its own supercomputer already in 2019. This supercomputer, which will benefit from a European co-funding of 35%, will later on be connected to the global EuroHPC network.

Read more

A walk to remember

21-07-2021

Hiking is one of the most popular activities in Luxembourg. 5,000 km of signposted trails criss-cross the country and take locals and tourists from the hills of the Ardennes in the north to the Red Rock region in the south.
Read more

Luxembourg’s diplomatic network: At your service

20-07-2021

Through its network of embassies and consular offices, Luxembourg is represented in many countries and international organisations around the world. The diplomatic staff can help you when setting up a business or investing in Luxembourg and assist Luxembourg companies in their internationalisation efforts.
Read more

Reaching the whole European market

15-07-2021

Several Korean companies, such as biotech Medical & Bio Decision (MBD) and AI specialist INFINIQ, have recently opened offices in Luxembourg. Crossroads Magazine asked Younhee Kim, Executive Director of LTIO Seoul, about what attracted them to Luxembourg.
Read more

Innovative cold chain solutions

12-07-2021

Luxembourg-based healthtech company B Medical Systems specialises in vaccine cold chain solutions and medical refrigeration. With recent innovations making its vaccine freezers more flexible and resilient, the company is playing a key role in the fight against COVID-19. Its international client portfolio, head count and production facilities are all expanding rapidly.
Read more

Luxembourg launches official start-up web platform

06-07-2021

On 5 July 2021, Minister of the Economy Franz Fayot and Luxinnovation CEO Sasha Baillie officially launched the web platform aimed at showcasing the Luxembourg ecosystem internationally and facilitating networking.
Read more

All news

Close