The Luxembourg-City Incubator (LCI) has helped create 74 new jobs in Luxembourg, the business platform announced after a statement to mark its first year of operations.
According to a press release issued on Friday, the platform, which is mainly dedicated to initiatives in urban planning, trade, tourism, environment, logistics, construction and housing, among other areas, currently hosts 42 startups, representing 112 jobs, of which 74 were created this year.
“Supporting these startups represents nearly 400 hours of coaching, 160 networking sessions and 220 contacts and applications,” the LCI said in a statement.
The LCI is headed up by Martin Guérin and represents a partnership between the Chamber of Commerce and Luxembourg City. Located in the Dôme in Luxembourg City’s Gare district, its location, close to public transport hubs, was cited by the organisation as being a major part of its appeal. Guérin summed up the first year as: “A year rich in lessons learned and partnerships developed. Indeed, innovation is not improvised but is the result of collaboration, assiduous coaching and training, exchanges with experts and potential customers, and relevant contacts."