The financial aid is intended for private enterprises and research organisations established in Luxembourg that meet all of the following conditions:

• being an unlisted company or private research organisation that:
  • has not taken over the activity from another business;
  • was registered no more than 5 years ago;
  • has not yet distributed profits;
  • was not formed through a merger;

• being an innovative enterprise:
  • capable of demonstrating, by means of an assessment conducted by an external expert, that, in the foreseeable future, it will develop new or substantially improved products, services or processes compared to the existing state of the art in the sector in question, and which represent a risk of technological or industrial failure;
  • whose R&D expenses represent at least 10 % of the total operating costs during a period of at least one of the last 3 years or in the current fiscal year for young enterprises or private research organisations with no financial history.

Terms and conditions

Companies and private research organisations must satisfy the terms and conditions that apply to all types of aid for research, development and innovation.

Eligible costs

All costs borne by the young innovative enterprise are eligible for the duration of the project.

Submitting the application

The aid application for young innovative enterprises is to be submitted using an online assistant available on MyGuichet.lu.

The person submitting the application (the applicants themselves or their representatives) must have a LuxTrust product or an electronic identity card.

The application must be submitted before the commencement of the work.

Supporting documents

The application for aid must namely include the following information and documents:

• the name and size of the company;
• a description of the project or programme, of the activity or investment, and of the related works and its innovative nature, including its start and end dates;
• a description of the economic valuation methods for the results of the project or programme, for the activity or the investment and the related operations, and its economic potential;
• the location of the project or programme, activity or investment and related operations;
• a list of the costs for the project or programme, activity or investment and related operations (business plan);
• the type and amount of aid necessary for the project or programme, activity or investment and related operations;
• any relevant piece of information that will allow the competent ministers to assess the qualities or specificities of the project or programme, activity or investment and related operations plus its incentive effect.

Maximum amount of financial aid

The amount of aid will be calculated on the basis of the eligible costs of the project and may not exceed the following cap:

* assisted area: an area located in Luxembourg and featured on the regional aid map approved by the European Commission for the period from 1 July 2014 to 31 December 2020 (currently Dudelange, Bettembourg, Wiltz, Winseler et Kiischpelt).

Payment of the aid

The capital subsidy and repayable advance are paid out after the completion of the project, programme or activity.

However, one or more advance payments may be made as the investments are made.

The person submitting the payment application (the applicants themselves or their representatives) must have a LuxTrust product or an electronic identity card (eID).

Procedures

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