Luxembourg, July 7, 2026
Consolidating Support for SMEs and Launching New Products
SMEs remain at the core of SNCI’s mission, representing over 95% of granted financing (including 48% allocated to micro-businesses) through credit programs such as proStart, proDevelop, proInnovate, and proTransfer. With 70% of new clients and a 24% increase in co-financing compared to 2024, SNCI now manages a portfolio of approximately 430 active loans.
In November 2025, SNCI introduced the “Prêt Compétitivité Pérennité” (PCP – Competitiveness and Sustainability Loan), a solution designed to support SMEs in all initiatives aimed at strengthening their long-term competitiveness and viability. This zero-interest SNCI instrument enables the co-financing of up to 80% of SME modernization projects, or digital/ecological transitions for all types of businesses (capped at €200,000) alongside a commercial bank, while minimizing administrative procedures. The PCP simultaneously grants access to both bank financing and State aid through a single, streamlined application.
Eva Kremer, CEO of SNCI, welcomed the success of this new instrument and thanked banking partners for their collaboration in this context.
Deployment of the Luxembourg Future Fund 2 and Indirect Equity Investment Activity
The year 2025 saw an accelerated deployment of the €200 million Luxembourg Future Fund 2 (LFF2). Recent investments include co-investments in Hydrosat (satellite thermal imagery) and Space Cargo Unlimited (microgravity research), as well as participations in the 33N Ventures (cybersecurity) and Karista (digital health) funds.
Concurrently, SNCI decided to maintain its support for the Digital Tech Fund initiative under the DIGITAL TECH FUND S.C.A. SICAR Sub-Fund 3 – Vintage 4.
Five-Year Strategic Roadmap
SNCI finalized its strategic review and entered the operational implementation phase during the second half of 2025. In this framework, the SNCI Board of Directors decided to allocate an additional €300 million budget over 5 years to finance startups and innovation beyond the Luxembourg Future Fund 2. In practice, SNCI will offer various instruments and combinations—equity, mezzanine, and debt—to facilitate access to funding for young, innovative Luxembourg companies.
Particular attention will be given to innovative businesses whose activities drive development in strategic sectors such as cybersecurity, deeptech, sustainable development (cleantech, greentech), fintech, healthtech, and the space sector. To support these ambitions, SNCI continued to strengthen its teams. After recruiting 10 people in 2024, headcount continued to grow, reaching 25 employees today.
Review the SNCI 2025 Annual Report here: link
About SNCI
By law, SNCI is entrusted with a public interest mission to support the economic policies of the Grand Duchy. To achieve this, it directly or indirectly finances commercial enterprises while ensuring the long-term sustainability of its operations. Operating as a complementary partner to the private sector, SNCI brings together public and private expertise and funding. This collaborative approach maximizes the impact of its interventions by creating a powerful leverage effect.
SNCI facilitates access to financing for Luxembourg businesses, particularly SMEs (including startups). Its actions aim to strengthen the competitiveness, sustainability, and resilience of the national economy through two main strategic pillars:
- Credit programs: proStart, proDevelop, proInnovate, and proTransfer, which support companies and their various projects at every stage of their lifecycle.
- Investment programs: These contribute to consolidating national sovereignty, diversifying the country’s economic fabric, and expanding financing access for SMEs via two major levers: direct investments (through direct or indirect positions in sovereign and/or strategic assets) and investment funds. The implementation of this strategy is built around three programs: SNCI Direct, Luxembourg Future Fund, and the National Defense Fund (Fonds National de Défense).
Learn more at: www.snci.lu
Media Contact: communications@snci.lu – Tel: +352 46 19 71 1