Prime Minister Xavier Bettel and Minister of Economy Étienne Schneider announced the setting-up of a “Joint Innovation Centre” in Luxembourg by Vodafone and Technoport S.A. on Thursday, December 14.
Based in Luxembourg, the future Innovation Centre will host technology businesses, which will benefit from the infrastructures and the different services offered. In addition, the companies concerned will have preferential access to the network of the Vodafone Group, which will help them to develop on an international scale.
Set up in the form of a partnership, the Innovation Centre will be owned on a 50/50 basis by Vodafone and by Technoport S.A. It will be capable of accommodating nearly 100 people and it will become operational during the course of 2017.
‘Start-up nation’ and ‘Digital Lëtzebuerg’
At the signing of the agreement setting out the detailed arrangements for the future collaboration between the contracting parties, Minister Schneider, stated: “The Joint Innovation Centre will contribute to the diversification of the Luxembourg economy. The project has been brought to fruition in collaboration with Vodafone, a renowned economic player established for many years in Luxembourg, and will further reinforce the country’s visibility as a centre of innovation for ICT and telecommunications.”
Prime Minister Bettel was happy about the fact that the ‘start-up nation’ aimed at by the government strategy ‘Digital Lëtzebuerg’ is taking shape. “The Joint Innovation Center will make it possible to develop an ecosystem fostering innovation and creativity in Luxembourg.”