Innovation is the combined result of scientific, technological, organisational, financial and commercial initiatives which allow technologically new or improved products or procedures to be created.
A cluster is a structure which groups together companies and research laboratories sharing common interests and cooperating in certain technological fields. It also remains an opportunity for any company that wishes to develop its capacities for innovation.
Non-technological innovation involves making an addition or slight amendment to the structure or management of a company. It enables better use of knowledge, enhanced quality of goods and services and more effective management of business flows.
Training is also vital in innovation, as new skills are developed and help the company evolve. Legislation on professional lifelong learning aims to support and promote the development of CPT in companies based in Luxembourg.
Alongside innovation, access to R&D is essential for businesses to develop and stay competitive.
Intellectual property must be protected to encourage innovation.
The innovation and research portal offers the IMT toolbox, an online directory of techniques useful for innovation. It also has a guide detailing support available, job adverts on the technology market and a directory of activities and technology skills of innovation companies as well as research laboratories based in Luxembourg.
Luxinnovation has developed an innovation diagnostic tool called innoNet, a questionnaire that helps to evaluate the innovation capacity of companies. Based on the responses, experts can offer advice to business owners looking to prepare an innovation strategy.
You must complete an application form to receive subsidies or support in connection with innovation. The form varies according to the kind of subsidy requested and must be completed by the project promoter.
Companies may access funding sources such as subsidies, loans or tax incentives. There are also various forms of support at national, intergovernmental and European level.
The Luxembourg Development Capital Company for SMEs offers financial assistance to innovative SMEs.