By akademiotoelektronik, 23/04/2022

12 laureates, a new promotion and the supercomputer

“Start-ups see opportunities where others see problems (…) and after two difficult years, start-ups are playing a key role”, admitted the Minister of Economy, Franz Fayot (LSAP), to the opening of the traditional handover ceremony, between a graduated promotion and a new promotion.

In the absence of the CEO of Luxinnovation, Sasha Baillie, its senior advisor, Stéphanie Silvestri, welcomed the increased quality of the applications received. Fewer start-ups (214) than the previous promotion, but “very good quality products and business models, as well as larger teams”.

The CEO of LuxProvide, Pascal Bouvry, said he was happy to participate in the program: three first start-ups, including two from Luxembourg ( ^Databourg and RSS-Hydro), are in the starting blocks of the 12th promotion. "Start-ups are important for boosting business," he said. “And we are happy to be part of the emergence of the next unicorn.”

The new promotion includes three start-ups backed by high performance computing, five in health – a new focus for Luxembourg – five in space and seven in ICT.

12 of the 15 start-ups in the 11th ^class completed this six-month acceleration program, conducted in collaboration with the Technoport, including the five space start-ups. As such, they received 50,000 euros at the start plus 100,000 euros at the end – in addition to support.

AiVidens (fintech): thanks to artificial intelligence, the solution helps companies reduce their outstanding debts by 30% and improve their operational efficiency by 20%. It predicts when customers will pay their bills and segments the receivables portfolio based on various payment patterns and risk profiles.

Cascade Lab (fintech/regtech): an award-winning, affordable administration, compliance and governance platform for SMEs in the financial sector that automates their activities, replaces standalone tools and enables users to benefit from the efficiency data integration.

ChemChain (logistics): a communication and collaboration platform for companies to trace chemicals and provide recycling information. It allows them to recover their materials and products after their lifespan and reduce their ecological footprint.

Kodehyve (proptech/regtech): B2B collaboration software that helps real estate developers, agencies and funds plan, manage and analyze their construction and marketing projects more efficiently. This is done through careful selection of powerful internal modules as well as third-party APIs.

Magrid (edtech): an effective, language-free teacher training program to improve the cognitive and mathematical skills of young children. With the support of the Script (Ministry of National Education), the Magrid solution is now accessible to all preschool children in public schools in Luxembourg.

No Big Deal (digital health/marketing): A mobile app where users complete wellness challenges to earn exclusive rewards from brands. For example, walking 20,000 steps for a free yoga class.

to Stories (content creation): a content creation and publication application for social networks. It turns any link or content into a post-ready Instagram story. Super fast! Web pages, podcasts, texts, photos, tweets – share anything in stories. The app instantly generates multiple designs for you to choose from.

BlackSwan Technologies: building autonomy in space – a cornerstone of the future space economy. Its current software suite of three products is designed to meet the expected 10-fold increase in space traffic by expanding the range of autonomous activities that can be performed with small satellites, reducing operating costs and decreasing collision risks. .

Clutch Space Systems Ltd: solution of proven software-defined ground systems and innovative antenna concepts to enable satellite operators to break free from the current costly and inherently fragmented approach to command and control of their satellites, and enter a world of seamless connectivity. “Always available”, 24 hours a day, 7 days a week.

Mission Space: Thanks to a fleet of built and launched nanosatellites, Mission Space is developing an advanced forecasting and monitoring system for one of the world's highest priority natural hazards: space weather.

Novo Space: develops high-performance, radiation-tolerant computers to meet growing needs for autonomous systems, space-based machine learning, and other data-intensive technologies. The current underserved market primarily includes near-Earth applications, such as broadband communications and high-resolution Earth observation.

More Ultra Space Outposts SL: Aims to become the backbone of the lunar economy by deploying infrastructure that enables lunar development. Its first project, Harmony, is the only lunar system to provide high-speed communications (>100Mbps) and GPS-like navigation, on demand, anywhere on the Moon. Its lunar customers will be able to maximize their return on investment while minimizing their costs and risks with Harmony services from 2024.