Technology watch

Innovation is a fundamental driver of economic growth. Keeping a constant eye on innovations and studying their strategic importance for Luxembourg makes it possible to identify new concrete opportunities and to detect new paths for growth while diversifying the economy at the forefront of technological progress.

By remaining at the forefront of innovation, the Grand Duchy is able to retain the businesses that are already present on its territory while simultaneously preserving its potential to attract new businesses, thus creating new jobs.

To this end, the Ministry of the Economy's General Directorate "Industry, New Technologies and Research" (Direction Générale "Industrie, nouvelles technologies et recherche") conducts a technology watch, which enables them not only to identify technological niche markets consistent with the existing economic fabric, but also to identify potential lines of business in which the country could develop new skills or expand its activities with a view to boosting its competitiveness on the international stage.