Franz Fayot calls for strengthening relationships between start-up ecosystems during state visit to Portugal

  1. Franz Fayot, Minister for Cooperation and Humanitarian Action and Minister for the Economy

  2. Franz Fayot, Minister for Cooperation and Humanitarian Action and Minister for the Economy

    Franz Fayot, Minister for Cooperation and Humanitarian Action and Minister for the Economy

  3. (from left to right) Peter Rodrigues, Executive Director, Global Investment Bank and Mike Reiffers, CEO of Skeeled signed a contract during the event

    (from left to right) Peter Rodrigues, Executive Director, Global Investment Bank and Mike Reiffers, CEO of Skeeled signed a contract during the event

  4. (from left to right) Franz Fayot, Luc Frieden, President of the Chamber of Commerce, Michele Gallo, Director of Digital Technologies and Start-up Ministry of Economy, Tom Theves, Chief of Staff, Ministry of Economy and Patrick Nickels, Director General of Foreign Trade and Investment Promotion

    (from left to right) Franz Fayot, Luc Frieden, President of the Chamber of Commerce, Michele Gallo, Director of Digital Technologies and Start-up Ministry of Economy, Tom Theves, Chief of Staff, Ministry of Economy and Patrick Nickels, Director General of Foreign Trade and Investment Promotion

  5. (from left to right) Luis Galveias, COO of Luxembourg Private Equity & Venture Capital Association and bringing together Yannick Oswald, Partner of Mangrove Capital Partners, Cristina Fonseca, General Partner of Indico Capital Partners, Carlos Alberto Silva, Executive Director of Sonae IM and Romain Hoffmann, Head of Investments at LBAN, discussed the issue of startup funding

    (from left to right) Luis Galveias, COO of Luxembourg Private Equity & Venture Capital Association and bringing together Yannick Oswald, Partner of Mangrove Capital Partners, Cristina Fonseca, General Partner of Indico Capital Partners, Carlos Alberto Silva, Executive Director of Sonae IM and Romain Hoffmann, Head of Investments at LBAN, discussed the issue of startup funding

With very young but very dynamic start-up ecosystems, Luxembourg and Portugal have followed sometimes similar and sometimes different paths over the last 10 years to build the foundations of an economic environment favorable to innovative entrepreneurs. Following the visit of the Portuguese Minister of Economy to Luxembourg in 2017, a Memorandum of Understanding was signed with a view to initiating a strengthened collaboration and today’s event goes in that direction by strengthening the links between the start-up ecosystems of both countries.

During the event, after a video presentation of the Luxembourg ecosystem, Economy Minister Franz Fayot returned, in his speech, to the development of Luxembourgish start-ups, whose number has registered a constant growth. implementation of the Fit 4 startup acceleration program. Since July 2021, www.startupluxembourg.com has acted as a platform dedicated to the ecosystem, bringing together all the players, that is, more than 500 start-ups and around 14 public and private incubators .

The Minister of Economy said: “Luxembourg and Portugal not only share the same values ​​but also the same ambitions. Like the Portuguese government, the Luxembourg government is committed to supporting the start-up ecosystem. After the official launch of www. startupluxembourg .com in July 2021, it is now essential to further develop interactions with other ecosystems and Portugal is a partner of choice in this context. Today’s event offers a perfect opportunity to strengthen our relationships.”

His speech was followed by that of Luc Frieden, president of the Chamber of Commerce, on which the House of Startups Luxembourg, the largest infrastructure for hosting start-ups in Luxembourg, depends.

A true start-up institution in Portugal, the incubator and accelerator of the city of Lisbon, Startup Lisboa, was invited to one of the two round tables with the participation of its Membership Manager, Pedro Teixeira. In turn, Jean-Michel Ludwig, Business Development Director at Luxinnovation, recalled the central place of the Fit 4 Start acceleration program in structuring Luxembourg’s startup ecosystem. The event was also an opportunity for Skeeled, a digital recruitment start-up based in Luxembourg, and the Portuguese bank Banco de Investimento Global to formalize their collaboration by signing a partnership.

Skeeled offers a complete solution to help companies attract and hire the best talent, from predictive recruiting and candidate experience to employer branding, diversity and inclusion.

Crucial for the dynamism of a start-up ecosystem, the issue of funding was also discussed during a second roundtable moderated by Luis Galveias, chief operating officer (COO) of the Luxembourg Private Equity & Venture Capital Association (LPEA) in which both countries participated.

Afterwards, several presentations by Luxembourgish and Portuguese start-ups that offer innovative and technological solutions animated the event.

Finally, António Dias Martins, Executive Director of Startup Portugal, also co-organizer of the event, gave a closing speech portraying the Portuguese ecosystem, ranked 12th in the top 100 emerging ecosystems and which has about 2,150 startups and 150 incubators. and accelerators.

Communicated by the Ministry of Economy and Luxinnovation

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