13th September 2018

FEDIL and Paul Wurth InCub join forces to support innovative entrepreneurs in the field of InduTech

FEDIL – The Voice of Luxembourg’s Industry and Paul Wurth InCub, the structure created by Paul Wurth to accompany young industrial entrepreneurs, are pleased to announce the signature of a partnership agreement on this Thursday, 13 September 2018, aimed at supporting the development of “Industrial Technologies”, so-called InduTech, in Luxembourg.

In line with its commitment to make the Luxembourg industry thrive by attracting and developing innovative talents, FEDIL is supporting the business incubator Paul Wurth InCub, specialised in accompanying so-called “InduTech” or Industrial Technologies projects. This sector encompasses companies, whose activity is focused on innovative solutions applied to industry, reaching from industry 4.0 (internet of things, big data, cloud…) to Clean Tech (water treatment, recovery of industrial or chemical by-products …) or robotics and smart energy management.

The partnership consists in combining the expertise of Paul Wurth (InCub) with FEDIL’s network of industrial players in order to provide the Luxembourgish industrials with an easy access to “InduTech” start-ups, and vice versa, globally resulting in a targeted and quick match-making between the offer and real needs.

“Thanks to this cooperation, FEDIL will be able to enlarge its service offer in the field of innovation to its members of the industrial sector”, explains René Winkin, director of FEDIL. And Georges Santer of FEDIL adds: «Joining forces with Paul Wurth InCub to reinforce the cooperation between Luxembourg industry and innovative start-ups in the field of #InduTech is in line with our strategy whose motto is “Together we are 4.0”. The national economy as a whole will profit from this.”

This partnership logically results from the common desire to create in Luxembourg an InduTech ecosystem, whose mission is to support the FEDIL members in their innovation projects. Among other initiatives, the organisation of “InduTech meetups” shall allow the exchange of experiences between each industrial player affiliated to FEDIL and start-ups, which are active in a previously identified domain.

“A partnership with FEDIL allows Paul Wurth InCub to have an important national player at our side to help developing our InduTech ecosystem. This strengthens our present cooperation, and we are sure that together we will best foster the development of entrepreneurs in the industrial sector in Luxembourg”, outlines Sébastien Wiertz, General Manager, Paul Wurth InCub. Georges Rassel, CEO of Paul Wurth, adds that “as Paul Wurth (InCub), we have been looking for an appropriate partner allowing us to share our expertise gained in the development and support of industrial start-ups, with the objective to build momentum in this sector. FEDIL’s enthusiasm for this project charmed us and will allow us to achieve a real scale effect for the benefit of all involved parties.”

Thanks to this partnership, FEDIL further reinforces its action on innovation and entrepreneurship. It will allow highlighting our companies’ excellence that is often not well known, and stimulate best all the potential of ideas and resources in order to contribute to the technological and economic development of our country.