The Digital Tech Fund, part of the Digital Luxembourg initiative, is a seed fund designed to support ICT start-ups and strengthen the country's tech ecosystem. It operates as a joint public-private partnership, with contributions from the government, Société Nationale de Crédit et d'Investissement (SNCI), the University of Luxembourg, and other key stakeholders. The fund focuses on investing in areas such as cybersecurity, fintech, big data, digital health, media, or next-generation comms.
Initiative overview
This fund is part of the strategy Digital Ltzebuerg in which the state seeks to strengthen and consolidate the eminent position of the country in the field of ICT. As a consequence, the state participates in the fund with a budget of EUR 5 million. The financial contribution of other investors amounts to a total of EUR 15.33 million, of which EUR 3 million are from the National Credit and Investment Company (SNCI) and one million euros from the University of Luxembourg. The fund will take stakes in promising innovative enterprises created less than 7 years ago, and who develop products that already exist, preferably in the form of functional prototypes. The fund will focus primarily, but not exclusively, on venture capital investments in areas such as cybersecurity, FinTech, Big Data, Digital Health, media and the next-generation communication networks, digital learning, the Internet of Things or satellite telecommunications and services.The initiative has the following objectives:To support the financing and development of innovative start-ups in the field of information and communication technologies (ICTs).