crossroads magazine Luxembourg-based nanotechnology specialist OCSiAI has launched the construction of the world’s largest graphene nanotube production centre. This $300 million deeptech investment strength - ens the country’s position as a European leader in ad- vanced materials innovation. The project is expected to create 300+ highly skilled jobs. Graphene nanotubes are among the most promis- ing materials of the 21 st century. Just one atom thick, they combine extraordinary strength with exceptional electrical conductivity. Applications range from longer-lasting batteries and lightweight automotive components to high- performance electronics. OCSiAl’s nanotubes are used in more than 10% of smartphones sold globally and in over one million electric vehicles. BGL BNP Paribas is more than halfway through its three-year AI “metamodel” project after, in 2024, it became the first bank in the country to secure public co-financing for an AI project under Luxembourg’s R&D and innovation aid scheme. With a total budget of approximately €7.4 million, the project is co-financed by the Ministry of the Economy up to €2.95 million. The objective is to develop a metamodel – an addition - al AI layer designed to monitor, evaluate and supervise other AI models in production. The tool will primarily help identify performance drift, emerging biases or unin- tended discriminatory behaviours, and early signals of de- viation related to operational anomalies or data distortion. The R&D project is conducted in partnership with the University of Luxembourg’s Interdisciplinary Cen- tre for Security, Reliability and Trust (SnT). The SnT brings cutting-edge scientific expertise in AI, while the bank’s teams bring business knowledge, insights into regulatory constraints and real-world use cases. Locating this R&D project in Luxembourg was a stra- tegic choice for the bank. “Luxembourg has a highly in- ternational financial ecosystem, strong public support for innovation and easy access to high-level academic partners such as the SnT,” says Anne Goujon, Director of Data Science Lab at BGL BNP Paribas. The project fund- ing has also allowed both BGL BNP Paribas and the SnT to attract highly skilled professionals to the country. Euro-Composites, one of the world’s leading manufac- turers of complex composite products, has been ac - quired by German industrial group Schütz. Headquartered in Luxembourg, with production and R&D facilities in the country, Euro-Composites is a global player in high-quality composite materials for advanced sectors including aerospace, satellite tech- nology and rail transport. Schütz Group, which has over 40 years of experi - ence developing innovative lightweight materials for the aerospace industry, intends to further strengthen Euro-Composites’ market position through targeted investments in innovation, research and development.
CROSSROADS: Innovation, Research & Investment in Luxembourg Page 15 Page 17