The Startup Ecosystem of Luxembourg

Luxembourg boasts 2 cities in the top 1000 and is the leading startup hub in Western Europe.

COUNTRY RANKING

Luxembourg’s startup scene saw an increase in 2022 and jumped 3 spots from the previous year, outranking Iceland.

Population

0.6
Million

Regional Ranking

16th
0
In Western Europe

Global Ranking

40th
+
3
Worldwide
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ECOSYSTEM

Browse the startup ecosystem database of Luxembourg

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Ecosystem

The Startup Ecosystem in Luxembourg

Our startup ecosystem map for Luxembourg includes a sample of 132 tech companies. We have identified as unicorns 1 startups that have passed the USD 1 billion valuations.

Global Rank

Luxembourg is ranked within the top 50 startup ecosystems globally.

Top Industries

Luxembourg’s startup scene is best represented in Hardware & IoT, Fintech, and in and Health.

Top Cities for Startups in Luxembourg - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2022 National Rank & Change ▲
2022 National Rank & Change City
search leaderboards icon
Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
175th
+
11
4.617
0.63
1.53
2.47
2nd
0
573rd
-
84
0.545
0.08
0.06
0.41
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Startups

Notable Startups in Luxembourg
Eurofins Scientific startup icon
Eurofins Scientific
Global Fashion Group startup icon
Global Fashion Group
Machinations.io startup icon
Machinations.io

Startups

Successful Hardware & IoT startups in Luxembourg
Keymitt startup icon
Keymitt
factory14 startup icon
factory14

Startups

Startups Ranking by Industry

Hardware & IoT icon
Hardware & IoT
#22 worldwide

On our map, you can explore a total of 48 startups for Hardware & IoT.

Fintech icon
Fintech
#25 worldwide

In Western Europe, Luxembourg's Fintech is in top 25. Luxembourg has a concentration of about 31 of the region's total Fintech startups that are represented on our map.

Health icon
Health
#34 worldwide

Luxembourg's Health is ranked 34th in the world. Our database contains 13 for this industry.

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Recent Posts

Tue Mar 14 2023

EP 33: Do Small Countries Have an Edge in Building a startup Ecosystem?

Do small countries have an edge in building a startup ecosystem? In this episode, the StartupBlink team and Eli David discuss the unique advantages of small countries for building a thriving ecosystem. In StartupBlink’s Global Startup Ecosystem Index 2022, 9 out of the top 20 highest-ranked countries had a population of less than 10 million, […]

Wed Mar 08 2023

How can collaborating with StartupBlink as an ecosystem partner help your ecosystem and organization?

Collaborating with StartupBlink as a data partner can bring a range of benefits to your organization and ecosystem. As the most comprehensive startup ecosystem map and research center, we publish the Global Startup Ecosystem Index Report (GSEI) annually, ranking the top 1,000 cities and 100 countries worldwide.  StartupBlink’s GSEI is based on an elaborate algorithm […]

Tue Feb 28 2023

The Top 30 Countries by Absolute Power in 2022

What is Absolute Power? Generally, StartupBlink’s GSEI scoring algorithm calibrates the countries’ total score to their population size to check the startup outputs of countries per capita.   The “Absolute Power” algorithm ignores the size of the population and looks at the absolute amount of startup output per country to compare their dominance regardless of population […]