The financial aid is intended for small businesses established in Luxembourg that meet all of the following conditions:

• must be an unlisted small business that has been registered for less than 5 years, and that:
  • has not taken over the activity from another business;
  • has not yet distributed profits;
  • has not been acquired by another business and was not formed through a merger;
  • had a turnover of at least EUR 40,000 in the last financial year or the last 12 months;
  • can present its financing requirement for a maximum of 3 years;
  • can demonstrate that the aid it is applying for is supplemented by private financing;
• must be an innovative business that has a certificate issued by Luxinnovation that confirms 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 present a risk of technological or industrial failure;
  • its R&D expenses account for at least 15% of its operating expenses for at least the previous 3 years.

Terms and conditions

Beneficiaries of the financial aid must satisfy the terms and conditions that apply to all types of aid for research, development and innovation.

Eligible costs

All costs incurred by the innovative start-up are eligible for the duration of the project.

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

Submitting the application

You (or your representative) must submit the application for financial aid using the online assistant available on MyGuichet.lu.

This is a procedure that requires authentication using a LuxTrust product or an electronic identity card (eID).

Supporting documents

The financial aid application must be submitted no later than 4 months before the end of the 5-year eligibility period. It must include the following information and documents:

• the name and description of the business;
• the size of the business in accordance with Annex I of Regulation (EU) No. 651/2014;
• the business's organisational chart;
• the annual financial statements for the last 2 financial years of the applicant business and, where applicable, of the single economic entity it belongs to;
• a description of the project, including its start and end dates;
• a description of the project's economic potential;
• if necessary, a description of:
  • how the aid-funded asset is operated;
  • what makes the project innovative;
  • the technological challenges of the project;
  • the economic valuation of the outcome of the project;
• the location of the project;
• the list of the project's eligible costs;
• the form and the amount of aid required for the project;
• the project's business plan, which:
  • lists the costs and expected revenue; and
  • supports the scenarios presented;
  • describes, among other things, the operating activities, their location, what makes the business's products and services innovative, and includes a marketing plan for them;
• the financing plan:
  • which demonstrates that the applicant business has the necessary equity capital that corresponds to the financial scale of the project; and
  • which demonstrates the financing requirement as the difference between the projected income and all expenses;
• for aid less than EUR 100,000: a declaration of honour about other de minimis aid received in accordance with Regulation (EU) 2023/2831 or Regulation (EU) 1407/2013;
• the certificate issued by Luxinnovation (National Agency for Innovation and Research), which confirms that the business is innovative;
• any relevant information that will allow the appropriate ministers to assess the qualities or specific features of the project or the incentive effect of the aid.

Maximum amount of financial aid

The amount of aid is calculated on the basis of the eligible costs of the project, and may not exceed the cap of EUR 1 million per business.

Payment of the aid

The capital grant is paid after completion of the project.

However, 2 aid instalments, which represent a maximum of 70 % of the aid, may be paid during the project.

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