The lux future lab, an initiative backed by BGL BNP Paribas, has organised its second annual International Pitching Day. This year’s event provided 16 start-up companies with the opportunity to present innovative business projects to potential investors from Luxembourg and the Greater Region.
The lux future lab once again played host to start-ups from Le Camping, a major Paris-based business incubator. Following an intensive four-month preparatory period, Le Camping organises a road show for its start-ups to support fundraising. Since last year, Luxembourg has been a key stage of the international tour, alongside Paris, London and Berlin. After three years, Le Camping has built up a portfolio of 60 start-ups selected from more than a thousand applicants. Of these 60, 88 per cent are still in business. The incubator’s firms have raised more than €10 million in three years and created 259 jobs. 60 per cent of the start-ups already had customers by the time they left Le Camping.
The eight Le Camping companies were joined by a further eight local start-ups looking to share their new business ideas. Over the course of the day, each firm was given six minutes to present its business model to investors. The pitches covered a vast span of areas, including electronic money, analytical platforms, audiovisual and music production, online shopping, car hire, agricultural platform, sponsorship and event management, renewable energies, and art.
This year’s Pitching Day, like last year’s event, was partnered by key participants in the Luxembourg business ecosystem. While some, including Technoport, PwC’s Accelerator, LBAN, Impactory and lux future lab put forward start-ups for the pitching sessions, all of the partners highlighted Luxembourg’s advantages and made the case for visiting start-ups to come and build their projects in Luxembourg.
Future developments in the marketplace were addressed in a panel discussion, with participants including Mario Grotz (DG for Research, Intellectual Property and New Technologies at the Ministry for the Economy), Jean-Paul Schuller (Luxinnovation), Laurent Probst (PwC Accelerator), Diego De Biasio (Technoport), Vincent Hieff (LBAN & Espace Entreprises) and Frédérique Gueth (Seed4Start, Business Initiative). The session, facilitated by the lux future lab’s Karin Schintgen, ended with a presentation by Romain Mazeries of MangoPay, a French start-up that joined the lab in 2013 and benefitted from the Luxembourg government’s proactive stance on electronic payments.
Commenting on the event, Karin Schintgen, head of lux future lab, said: “Pitching Day embodies Luxembourg’s dynamic attitude to innovation. It shows how, by combining our strengths and organising our offering, a small country such as ours can truly provide a valuable platform for young business founders in the heart of Europe. By supporting entrepreneurship, the lux future lab wants to truly impact the social and economic dynamics of Luxembourg”.
About BGL BNP Paribas
BGL BNP Paribas (www.bgl.lu) is one of the largest banks in the Grand Duchy of Luxembourg. It offers an especially wide range of financial products to individuals, professionals, private banking clients and businesses. BGL BNP Paribas is Luxembourg’s number-one provider of banking services to professionals and small- and medium-size companies, and number two in services for individuals. It is also the leader for bancassurance.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) has a presence in 75 countries with more than 180,000 employees, including more than 140,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.
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