Socially oriented startups will receive support in Luxembourg

Startups in the social and solidarity economy sectors will receive assistance from the Social Business Incubator, which launched on September 26.

The incubator will help socially oriented startups and entrepreneurs. From the formation of a project idea to the creation of a full-fledged company. Experienced specialists who have already created successful social projects will help in training.

Minister of Labor Georges Engel spoke at the opening ceremony. He noted that solidarity and social economy are becoming more and more important in the modern world. Business and the state should reconsider their usual views on the economic model. Especially given the obvious trends of the future.

Those who use their entrepreneurship primarily to help other people must be supported. In this regard, the parliament and the government will soon revise the law passed 2016, which regulated the creation of socially significant companies.

The minister also presented a new website dedicated to the social and solidarity economy. Here you can find all the information about the sector and its most important players. Georges Engel is confident that the site will make the social economy in Luxembourg «more visible».