Luxinnovation, founded in 1984, began with the establishment of an agency for promotion and innovation within the economy ministry, but in 1998 legally took on the form of an economic interest group in its own right.

During the event, Sasha Baillie, who has served as Luxinnovation CEO since May 2018, said that the organisation in the future “must inspire our companies to innovate, grow intelligently and be well prepared for the challenges of the future, with new and partly also disruptive technologies,” underlining as well the commitment to be a “trusted partner” for both entrepreneurs and companies alike. 

"Thanks to Luxinnovation, research and development and innovation have evolved in an unparalleled way in Luxembourg and probably even in international comparison over the past three decades," deputy prime minister and economy minister Etienne Schneider (LSAP) added during his opening speech,.

Luxinnovation, which serves as the national contact point for European programmes in R&D, today counts some 700 companies as part of its cluster initiative, covering key economic sectors ranging from eco-innovation and health to automotive and, increasingly, ICT at a cross-sectorial level.