Our investment programs
EIF cooperation
Mandates
Objective
Independence in terms of key infrastructure
(energy, transport, digitalization, related services)
Access to key resources
(including energy, critical raw materials)
Protection against threats
(security, critical infrastructure)
Financing within the framework of the policy of strategic participations contributing to the country's sovereignty
- Support to the real economy : financing of companies that contribute to the sustainable development of activities that form the basis of a country's economic development
- Overall return : alignment with the objectives of competitiveness, sustainability and resilience of the Luxembourg economy
- Strategic agility : evolution of financing policy according to the Government's economic priorities
- Public-private synergy : co-financing with private actors contributing their expertise
- Governance with strong local roots : independence and key decision-making in Luxembourg (presence in management bodies)
Creation of sustainable economic substance
Financial sustainability
Objectives
Overview of key points
-
Objective
:
Sustainable development and diversification of the Luxembourg economy by bringing innovative activities to Luxembourg:
- Local presence of the investment team and key persons;
- Identification of investment opportunities in Luxembourg;
- Establishment of companies in Luxembourg;
- Close cooperation with the local ecosystem. - Types of investment : Venture capital, growth capital and private debt funds
- Eligibility : Compliance with Luxembourg's financial performance and economic substance criteria
All sectors & stages
CyberTech 1
DeepTech 1
AI, Quantum, Robotics, IoT, Blockchain, Big data
Finance
FinTech
Generalist / Multi-sectoral funds
Health
HealthTech
Real Estate
Construction, PropTech
Space 1
SpaceTech
Sustainability
GreenTech, CleanTech
Transport
Spin-off
Seed
Start-up
Scale-up
Innovative SMEs
- 1 Dual use with potential defence activities
Creation of sustainable economic substance
Financial sustainability
Objectives
Overview of key points
-
Objective
:
Sustainable development and diversification of the Luxembourg economy by bringing innovative activities to Luxembourg:
- Business plan demonstrating concrete local development (profit center);
- Material contribution to innovation of the sectoral clusters;
- Close cooperation with the local ecosystem. - Type of investments : Innovative start-ups, SMEs and mid-sized companies
- Eligibility : Compliance with Luxembourg's financial performance and economic substance criteria
All sectors & stages
CyberTech 1
DeepTech 1
AI, Quantum, Robotics, IoT, Blockchain, Big data
Finance
FinTech
Generalist / Multi-sectoral funds
Health
HealthTech
Real Estate
Construction, PropTech
Space 1
SpaceTech
Sustainability
GreenTech, CleanTech
Transport
Spin-off
Seed
Start-up
Scale-up
Innovative SMEs
- 1 Dual use with potential defence activities
Creation of sustainable economic substance
Financial sustainability
Objectives
Investors
€ 50m
€ 25m
€ 75m
Structure
Funds in the form of a fiduciary agreement
Governance
NDF Investment Committee
A key body in the decision-making process and a unifying force.
Members representing notably the trustees.
Members representing notably the trustees.
+
Fiduciary Services
Focus on the National Defence Fund
Objectives
Criteria
Contribution to defence efforts
NATO budget eligibility criteria (part 1.5% for technological resilience)
Creation of sustainable economic substance
Development of "hubs" in Luxembourg's strategic sectors
Financial sustainability
NDF Investment Strategy
Allocation
Funds of funds & Co-investments (innovative companies and technologies)
Investment ticket size and investment diversification (investment policy)
Dual-use sectors and technologies with a focus on cybersecurity, space, advanced materials, and automation.
Stages of development (from seed to growth)