The second Mind & Market Forum in Luxembourg, will take place on 30 June 2016. It aims to provide a forum for innovative business ideas that could lead to successful start-ups. Young entrepreneurs have the opportunity to pitch their innovative ideas to a panel of experts – ahead of the event, the FNR takes a look at Mind & Market and catches up with the 2015 winner, FNR-funded start-up Motion-S.
“According to the government programme, the economic impact of public research in Luxembourg is a priority. Consequently, one of the FNR’s strategic objectives is to contribute to the economic exploitation of the results obtained in public research projects. The ‘Mind & Market’ project is an effective way to achieve this, as it enables researchers to exchange their ideas with potential partners and benefit from immediate feedback from the industry.” – Marc Schiltz, Secretary General of the FNR
Mind & Market creates a stage for innovation at the Maison du Savoir in Belval, a location that was not chosen at random, as it serves as a showcase for Luxembourg’s Research and Innovation. Within a bit more than a decade, an internationally recognised research ecosystem emerged, which is now expected to have an increasing socio-economic impact, i.e. generate successful business concepts.
Innovation takes centre stage: 5 minutes that make the difference
This also requires appropriate input from outside, which is exactly what Mind & Market aims to provide. Young (future) entrepreneurs are given five minutes on the innovation stage to pitch their business idea to the jury and an audience of experts, consisting of not only the initiators – the FNR, Deloitte Luxembourg, University of Luxembourg, Luxinnovation and Mind & Market Belgium –, but also international experts from a variety of fields.
The event brings together financial and economic experts as well as HR and marketing professionals and representatives from the manufacturing industry and the service sector, who won’t just be coming to Belval as spectators. Instead, they will take the opportunity to speak with the talented entrepreneurs who’ve come to pitch their ideas. After all, Mind & Market is not just a competition; it is also a networking event.
Reasons to attend: high networking factor and media visibility
According to Raphael Frank, networking is even more important than winning and should be the main reason for researchers with a business idea to participate in Mind & Market. As co-founder and COO of last year’s winning company, Motion-S – which is funded by FNR and will be releasing a new version of their responsible driving app “Game of Roads” on June 16 –, he believes visibility is key.
“Mind & Market receives a lot of attention in the media, and this also benefits participants. Our participation and the related media coverage have definitely helped us gain recognition in Luxembourg and the greater region”, says Raphael Frank. All this networking has also paid off: “One of the contacts we made at Mind & Market has since become an important strategic partner.”
This article was originally published on LinkedIn Pulse on 10 June 2016
More information: External links
June 17, 2022
When we wrote about Miguel Olivares Mendez in the 2017 edition of Spotlight on Young Researchers, the researcher was working on an FNR JUMP project, focussing on developing algorithms for autonomous drones. The robotics scientist has continued to build his research career in Luxembourg – 5 years later, Miguel is a Professor leading a research group with a focus on space robotics.
April 8, 2021
Luxembourg start-up LuxAI, with their socially assistive robot QTrobot, has been making waves on an international level since it was created. The FNR has supported the project from its inception through the development of a prototype, helping bridge the gap between lab and commercialisation. We speak to LuxAI founders Dr Pouyan Ziafati and Dr Aida Nazarikhorram about the LuxAI journey so far; how QTrobot came to be and how parents can now have a QTrobot at home.
November 7, 2019
‘You are what you eat’ – an increasing amount of scientific evidence suggests that our diet has an impact on many aspects of our health, and it promises to play a key role in personalised healthcare in the future. We speak to scientist-turned-entrepreneur Alberto Noronha, who recently launched the LCSB/University of Luxembourg spin-off NIUM about his mission to use metabolism as a tool to improve health and which support helped him bring his idea from lab to market.
We need both: start-ups and research-based spin-offs, but they need different support measures to be successful
July 13, 2018
While the United States is the acknowledged leader in the creation of research-based spin-offs, Europe and especially Luxembourg lag behind tremendously. The FNR’s Head of Innovation, Andreea Monnat, explains why the country needs both start-ups and research-based spin-offs – and why they need different support measures in order to succeed.
April 23, 2018
Almost half of the 5,000 children to start pre-school in Luxembourg each year struggle to learn to read, failing to reach the minimum national reading standard by age nine, with 10 percent going on to develop severe reading difficulties. In an innovative approach to help the children before they fail, a University of Luxembourg team led by psychologist Dr Pascale Engel de Abreu has developed the pre-literacy programme ‘LALA – Lauter lëschteg Lauter’, tested with over 200 preschool children and showing positive results.
April 3, 2018
After doing his Master’s degree and working in the private sector in Argentina, German Castignani decided to do a research internship in France, which piqued his interest for research. After completing his PhD in wireless networking in France, the Italian-Argentinian national came to Luxembourg, where he added an entrepreneurial perspective to his vehicular telematics research, co-founding the SnT’s first spin-off Motion-S.