During their training, PhD candidates acquire skills that are most valuable to business creation. Relative to the research that focuses on the product, the working procedure, and the spirit of the person, daily life and skills of young researchers and entrepreneurs are a lot alike.

When the young researcher deeply familiarises himself with his research area, the entrepreneur undertakes a market survey. The young researcher develops critical thinking to identify promising opportunities for his project, while the entrepreneur identifies the niche before launching his product to the market. The young researcher and the entrepreneur must write project proposals to raise funds in order to operate. In a fully competitive mode, the young researcher and the entrepreneur proceed with choosing the most effective methods to get results in due time. After the planning and design of experiments, the young researcher and the entrepreneur know to analyse and evaluate a large amount of data to draw conclusions. In both cases, also the confrontation of problems is addressed by seeking effective solutions and anticipating other challenges. The young researcher and the entrepreneur know how to present and discuss their results in order to integrate the scientific communication within a target audience, on the national as well the international level.

With excellent organisational skills, the young researcher and the entrepreneur know how to work closely with many different people and their projects succeed accordingly.

In Luxembourg, many supporting options exist for the creation of start-ups:

With its theme Internet of Things, the next edition of the Start-up Weekend will be held on 5th to 7th June 2015 at the Technoport in Esch-Belval. Tickets for the weekend event are available here

The Mind & Market in Luxembourg Forum will be held on 30th June 2015 at the University of Luxembourg’s new Maison du Savoir in  Esch-Belval (2, avenue de l’Université, L-4365 Esch-sur-Alzette).

Register here to the forum in Luxembourg.