3FOOD

Third Industrial Revolution Consulting Group
references: Multi-domain includes Campus Aachen (RWTH, Germany), CEA-Tech (Grenoble,
France); and, Focused: National Composite Centre (Bristol, UK), Automotive Campus
(Helmond, Netherlands), and HighTech Campus (Eindhoven NL).
5.2 Build an acceleration program for start-ups whose vision it is to build products and
services aimed at reducing carbon footprint or other environmental benefits. Innovation
is the battleground of the future. Luxembourg is focusing on building an entrepreneurship
ecosystem in which both the public and private sector work hand in hand to facilitate and
support the emergence of new innovations through the creation and development of
startup companies. Thus it is of great importance that we build an acceleration program
that would identify and support the most innovative ideas in the field of start up ecoinnovations.
The objective is to run the program for 3 years, with 10 companies/teams
selected each year from at least 100 projects received. From 30 companies selected over
three years (i.e., 2017, 2018 and 2019), 12 should have survived and developed by 2025.
The focus of the companies should be global with high growth potential. Combined
revenues should be 120 million €- with an average 20 per cent EBITDA. Combined Tax
revenue in 2025 – 4.3 million € (assuming a profit before Tax of 16.8 million € and an
average tax rate of 25 %). 500 jobs will have been created. The impact on the environment
should be measurable - products and services should reduce energy consumption by 30%
of the processes they will be employing globally. Stakeholders should include: Ministry of
the Economy (Owner) – Fit for Start Program; Ministry of the Environment;
Nyuko/Technoport; International Experts and Mentors; Lux Innovation – Fit 4 Start
Program; University researchers, etc. Startups selected would receive 50.000 €. Resources
needed: total budget over 3 years- 1.5 million €. Expenses for international mentors,
training and client engagement services: Accelerator program would include the facilitation
of 150 meetings with potential clients over a 3 month period; Lean Canvas Methodology-
200 € a year- Total 600.000 €). Total expenses for the 3-year program: 2.1 million €.
Companies would be able to pitch for additional funds once they see sales traction –
through accessing additional funding or pitching to the Eco Innovation Seed Fund – 20
Million € endowment. (See measure: “Develop a private equity investment fund for
industry oriented projects and companies in Luxembourg”).
5.3 Develop a private equity investment fund for industry oriented projects and companies in
Luxembourg. When developing a vision for the “Industry” Pillar in the Third Industrial
Revolution Lëtzebuerg, the working group identified an absence of seed and venture capital
for industry projects and companies. We see three specific types of needs: 1) Spin-offs from
Research and Industry lack offers for seed capital in conjunction with existing managerial
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