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National Funding for Companies

Research, development and innovation (RDI) projects from private companies legally registered in Luxembourg can benefit from several National aid schemes and measures.

 

Law of 5 June 2009 relating to the promotion of research, development and innovation

The law of 5 June 2009 relating to the promotion of research, development and innovation  extends the possibilities for financial support to companies who launch innovation activities.

Table of aid intensities under the new schemes and measures

The law allows the granting of specific RDI support according to the following aid schemes and measures:

An innovation and R&D support scheme for Small and Medium-Sized Businesses  aims to support such companies in their innovation activities.

Medium and long-term loans  can be granted to industrial enterprises and service-providing companies by the Société Nationale de Crédit et d'Investissement (SNCI).

 

Public aid for the promotion of eco-technologies and sustainable development in companies: how to stimulate “green growth”

Fighting climate change, improving energy efficiency, promoting the production of renewable energies and generally reducing the environmental footprint constitute real opportunities to stimulate green growth. The law of 18 February 2010 on aid schemes for environmental protection and for the rational use of natural resources  shows the will of the government to offer the possibility of financial support to companies that implement an effective environmental and energy policy (an increase in the amount of aid to SMEs is foreseen).

The aim of investments that can benefit from these aids is to improve environmental protection, to adapt to future Community standards, to make energy savings, to install high-efficiency cogeneration or to produce energy from renewable energy sources.

One particularly noteworthy measure allows for the co-financing of environmental studies.

 

Personalised Assistance

Luxinnovation, the National Agency for Innovation and Research, offers tailor-made support at all stages of innovation and research projects and activities. Building on its long experience, Luxinnovation provides customised services for enterprises and entrepreneurs to assist them during each phase of project preparation by helping them to:

  • Identify individual funding needs
  • Guide them to the appropriate funding scheme
  • Support them in preparing the application files

A specific support team is put in place for each project, associating expertise from the Materials Cluster management team and expertise in National Funding tools in order to maximise the opportunities for turning good ideas into successful projects or innovative approaches.