Luxembourg Chamber of Commerce, together with the Ministry of the Economy, Luxinnovation, the Luxembourg House of Fintech and the Wisconsin Economic Development Corporation, organized a virtual economic mission to Wisconsin. The aim of the event was to strengthen collaboration between Luxembourg and Wisconsin in the fields of innovation and technology, and enhance trade.
Wisconsin's central location makes it a prime destination for international companies looking to establish and expand in the United States and North America. The state is also world-renowned in research and development in biosciences, medical supplies, water technology, energy, advanced materials and manufacturing methods. Wisconsin presents numerous opportunities for Luxembourg companies, particularly the areas of environmental technologies, fintech and startups and innovation.
The event started on 29 March with an opening session and speeches by Luc Frieden, President of the Chamber of Commerce, Tony Evers, Wisconsin Governor, Missy Hughes, CEO of the Wisconsin Economic Development Corporation, and Franz Fayot, Minister of the Economy of Luxembourg. In addition to announcing the new program to support the internationalization of startups, Franz Fayot, underlined the historical links between Luxembourg and Wisconsin, notably as a result of the important immigration of Luxembourgers in the 19th century.
The program of the mission, spread over three days, included specific sessions dedicated to water technologies, a round table to address the future of banking and insurance beyond blockchain, as well as a meeting on startup ecosystems. Each session brought together experts and stakeholders in the targeted fields, to share ideas, visions and experiences on the data-driven economy, the future of fintech and innovative management.