The University of Luxembourg officially launched its Incubator in the presence of Prime Minister Xavier Bettel on Tuesday, 6 March 2018.

The Incubator will support aspiring entrepreneurs from the University in developing the skills and competences that are related to entrepreneurship and eventually help them to create their business ideas and set up their own company in Luxembourg. In addition, present at the launch was Chuck Robbins, CEO of global technology company Cisco, which will contribute to the success of the University’s entrepreneurship initiative by opening a Cisco Networking Academy on campus.

Entrepreneurship initiative at the University

Expanding Luxembourg’s healthy ecosystem, the new Incubator will complement existing incubators already up and running in Luxembourg and with whom the University of Luxembourg Incubator closely collaborates. The initiative will provide a fertile environment for the development of entrepreneurial skills. The programme will be open to the entire University community and will provide training and office infrastructure to support founders and young companies at a very early stage of the development of their business ideas. Additionally, a mentoring scheme will allow the entrepreneurs to benefit from the advice, knowledge, and the networks of experienced mentors from industry and academia.

“The main purpose of the Incubator is to support start-ups in their very first steps while they develop and refine their ideas. Once they mature and are ready to enter the market, we pass them on to one of the established incubators, such as Technoport,” explains Romain Martin, Vice-Rector for Academic Affairs of the University.

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