The Startup Ecosystem of Luxembourg

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


Luxembourg’s startup scene saw an increase in 2023 and jumped 6 spots from the previous year, outranking Czechia.



Regional Ranking

In Western Europe

Global Ranking



Startup Ecosystem Overview

white and brown concrete building
Luxembourg is one of Europe’s most successful economies and is known as a strong traditional finance capital. Several EU institutions are located in Luxembourg, and the population is both multilingual and internationally diverse. These factors may explain why many international companies have their European headquarters in Luxembourg (e.g. Amazon and PayPal). However, a high cost of living and a small local market size are hurdles for national ecosystem growth.
The public sector is taking an increasingly active approach in fostering positive change with projects like Digital Luxembourg, a collaborative government initiative that strengthens the country’s digital efforts while mentoring and guiding startups. Initiatives cover a wide variety of fields, from hands-on advice regarding practical business knowledge provided by the House of Entrepreneurship to an eased business registration procedure with 1-1-1 law (also known as SARL-S). Moreover, the public sector is coaching startups and offers them seed funding through the acceleration program Fit 4 Start, managed by Luxinnovation, to assist with reaching international markets. As we mention expanding international markets, OCSiAI is Luxembourg’s first unicorn that now operates globally with several offices in Europe and the United States. It is impressive to see that the country is not shy about targeting deep tech industries such as Space innovation, with organizations such as ESRIC and others leading the way.
Luxembourg has an established vision to advance its spacetech industry. In fact, it is the first country in Europe that introduced a legal framework for the space industry, And these efforts have produced numerous spacetech startups, such as Kleo Space. Yet this is not the only innovation field Luxembourg excels in. Data-driven innovation is another activity that contributes to the development of the local innovation scene. The country’s digital infrastructure, which is already outstanding in terms of connectivity, cybersecurity expertise, and secure data storage capacities, is further boosted by the business-oriented high performance computer (HPC) MeluXina that launched in spring of 2021.
To sum up, Luxembourg’s startup ecosystem has a bright future. With its multilingual talent, robust economy, and cutting-edge digital infrastructure, Luxembourg is an attractive destination for startups seeking to grow in Western Europe. However, the country’s small size limits its potential to become a top-ranked regional hub. Therefore, the success of the startup ecosystem hinges on creative government initiatives to make the ecosystem more global.

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The Startup Ecosystem in Luxembourg

Our startup ecosystem map for Luxembourg includes a sample of 122 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 40 startup ecosystems globally.

Top Industries

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

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.
2023 National Rank & Change ▲
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2023 National Rank & Change City
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Notable Startups in Luxembourg
Eurofins Scientific startup icon
Eurofins Scientific
Talkwalker startup icon
simpleshow startup icon


Successful Hardware & IoT startups in Luxembourg
Etix Everywhere startup icon
Etix Everywhere
Mu Design startup icon
Mu Design
Keymitt startup icon


Startups Ranking by Industry

Hardware & IoT icon
Hardware & IoT
#15 worldwide

On our map, you can explore a total of 47 startups for Hardware & IoT.

Fintech icon
#29 worldwide

In Western Europe, Luxembourg's Fintech is in top 29. Luxembourg has a concentration of about 30 of the region's total Fintech startups that are represented on our map.

Ecommerce & Retail icon
Ecommerce & Retail
#30 worldwide

Luxembourg's Ecommerce & Retail is ranked 30th in the world. Our database contains 12 for this industry.

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