The Luxembourg Business Angel Network (LBAN) is pleased to announce a strategic partnership with the Social Business Incubator (SBI), an initiative run by the Ministry of Labour. This collaboration represents a significant step in fostering Luxembourg's social economy and impact investing ecosystem, aligning with the country's broader economic diversification policy.
“LBAN is committed to advancing social entrepreneurship in Luxembourg and to the positive impact these ventures can generate within the community,” said Michel Rzonzef, President of LBAN.
Through this partnership, LBAN will leverage its community of business angels and investors to support social enterprises by providing mentorship, networking opportunities, and potential funding.
Both LBAN and SBI share a vision of enhancing the sustainability of the startup ecosystem by promoting social innovation and impactful business models.
“This partnership marks a significant step toward fostering social impact investment in Luxembourg.” said Vanessa Schummer, Head of the Social Business Incubator.
About LBAN: The Luxembourg Business Angel Network (LBAN) is a nonprofit organization that fosters the growth of startups and the innovation ecosystem in Luxembourg. By promoting investments from business angels and assisting entrepreneurs in raising funds, LBAN plays a key role in developing the next generation of businesses in Luxembourg.
About SBI: The Social Business Incubator (SBI) is an initiative of the Ministry of Labour dedicated to the development of the social and solidarity economy. SBI provides tailored support to social enterprises through mentoring, education, and access to resources that enable them to scale their impact.
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