On 10 April 2020, Luxembourg’s Ministry of Economy announced the launch of “StartupsVsCovid19”; an initiative inviting young, innovative companies to submit their projects for overcoming the COVID-19 crisis.
Start-ups are now invited to submit projects relating to the development of innovative, technological products or services intended to limit, or even overcome, the economic, health and societal effects of the crisis linked to the COVID-19 coronavirus pandemic.
Project proposals can be submitted from 20 April until 30 April 2020, via the website, where all information needed to participate in the call is available. Up to 20 projects will be selected, each of which will benefit from financial support of up to €150,000.
The initiative is an additional measure taken under the COVID-19 national stabilisation programme and is intended to support the Luxembourg start-up ecosystem. It echoes the “fast-track” call of the Luxembourg National Research Fund (FNR), which is aimed at supporting urgent research projects in relation to the COVID-19 outbreak. The FNR call includes all specialities and disciplines from both the private and public sector, with funding of up to €80,000.