Launch of Digital Tech Fund to support Luxembourg-based early-stage ICT startups
Luxembourg’s government and various private investors launched the Digital Tech Fund, a public-private seed fund focusing primarily, but not exclusively, on investments into areas such as FinTech, cybersecurity, Big Data, Digital Health, media and next-generation communication networks and digital learning.
The fund’s self-described objective is to "foster long-term innovation, support the technology startup ecosystem in Luxembourg and facilitate the transfer of new digital technologies developed at the University of Luxembourg into successful spin-off companies".
The participation of the Luxembourg government is 5 million euros while the financial contribution of other investors amounts to a total of 15.33 million euros.
More information can be found at www.digitaltechfund.lu.