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      Launch of Digital Tech Fund to support Luxembourg-based early-stage ICT startups

      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.