The Research Centre Changing Luxembourg’s Businesses for the Better

In our fast-paced world, keeping up with the latest technologies can mean the difference between sinking and swimming in business. Rapidly evolving and advanced technologies, coupled with a lack of manpower in-house to implement them, is not just impacting a company’s productivity – it’s depriving them of the competitive edge they need to survive. The Interdisciplinary Centre for Security, Reliability and Trust (SnT) at the University of Luxembourg has been partnering with institutions both locally and internationally since 2009, and specialises in creating new technologies for companies with a problem to solve.

 

Research is very often seen as a field that explores futuristic technology, rather than the kind that influences companies in the here and now. However, at SnT creating meaningful socio-economic impact is part and parcel of their everyday work. Over the years, the Centre has grown to encompass a large number of scientists and doctoral candidates working on projects with their industry partners – of which they have over 60. 

Their unique model in bringing together applied research and industry – helping companies to achieve their innovation goals – has led SnT to continued growth. Their top scientists have worked on over 90 European Union and European Space Agency projects, created a Technology Transfer Office (TTO) to protect and license intellectual property, launched six spin-off companies, and created a dynamic research environment, with over 450 people.

“Transferring knowledge and technology developed in the University to public or private actors, as well as the general public, is an important goal of SnT,” said Dr. Carlo Duprel, head of the TTO. “The way we do this is threefold. Firstly, the outcome of a typical project is a prototype demonstrating a technology can solve a business challenge. Secondly, the partner’s staff working with SnT researchers develop their competences in, and mastery of, the technology. Lastly, we recruit students globally, train them on industry projects after which they are potentially hired by the partner,” he continued.

And their projects are having a meaningful impact on the FinTech landscape here in Luxembourg – and far beyond. In 2022, they launched their Finnovation Hub, which aims to help Luxembourg continue its reputation as one of the world’s leading financial centres. With BGL BNP Paribas, they’re working to develop a chatbot for Luxembourg’s four main languages. They’re also working on a project with Spuerkeess  that has uncovered a loophole in transactions running on the Ethereum blockchain, in which unethical traders had quietly extracted at least $18.4 million. And from our world into outer space – SnT researchers are designing space rovers that can operate a blockchain-based payment system on the Moon.

These stories – and many more – are featured in their 2021 Highlights, a collection of stories that share how impactful bringing research results into industry can be. The last year saw them achieve a top 10 global ranking in software engineering research, win Business Partner of the Year award at Gala IT One, grow by 25%, take on nine new industry partners, and open two new state-of-the-art space laboratories.

“Ensuring that research isn’t stuck in scientific publications and is positively impacting businesses in Luxembourg, and the rest of the world, is an important function of SnT. The Centre enables us to give support to companies and public bodies who want to invest in innovation,” Duprel shared.

Do you want your company to become an industry leader? Or, do you want to be a part of the future of technology? Find out more about SnT’s partnerships here, or enquire to join by contacting: snt-tto@uni.lu

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