How is managed BusinessMentoring?

In February 2010, the Luxembourg Chamber of Commerce launched the BusinessMentoring programme as part of its policy to support small and medium-sized enterprises.

The preparatory work and the general management of the programme was led by Business Support g.i.e. from 2009 to 2015, with the support of the Chamber of Commerce, in partnership with the Ministry of Economy, the Ministry for Equality, and in collaboration with the Confédération luxembourgeoise du Commerce, the Fedil, Luxinnovation, the Fédération des Femmes Cheffes d’Entreprise and the Réseau des Femmes Ambassadrices of Luxembourg, the Fédération des Jeunes Dirigeants of Luxembourg, the Mutualité de Cautionnement et d’Aides aux Commerçants, the LBAN, the Tremplin Foundation, the Horesca and the Technoport.

In a broader sense, the organisation is dedicated to setting up support and assistance to SMEs in order to facilitate creating, taking over or developing a business.

In 2015, the BusinessMentoring unit relocated to Nyuko, a startup accelerator that the Chamber of Commerce has supported since its creation. Nyuko is specialised in accompanying budding entrepreneurs and project holders throughout their entrepreneurial journey. The goal? To gather in one place all the support programmes set up for entrepreneurs and to thus create a value chain ranging from the creation and development of a company to its eventual takeover.

In 2017, a steering committee was created with the objective of define the orientation and the strategy of the programme. In parallel, other committees with specialisations in communication, finance and recrutement are regularly organised throughout the year.

Business Mentoring Luxembourg ASBL was established Ende of 2019 with the support of the Chamber of Commerce . It is composed of 7 administrators ( Claude Faber acting as a chairman , Charles-Antoine de Theux, Pier andrea Amedeo, Cyrille Ercolani, Diana Diels, Rachel Gaessler and Manon Cravatte) that meets 4 times yearly to define the strategy of  the programme. The mentorship activities will be from 2020 assumed by BML in line of the Chamber of Commerce. The selection of the mentees and its matching with mentors will continue to be operated by the CC through its House of Entrepreneurship.  

About businessmentoring

The BusinessMentoring programme is most particularly intended for “young” entrepreneurs whose companies find themselves in one of the following 3 key stages:

  • the start up (less than 3 years)* - by making the mentee aware of what mistakes to avoid when launching a company as well as supporting them through the 3 most critical years of the company's existence,
  • the development (after 3 years) - by helping the mentee set targets and implementing appropriate processes, particularly in the context of rapid development,
  • the transmission (whether family-based or not) - by increasing specific skills of the mentee.

The mentoring relationship is conducted over a period of 6, 12 or 18 months. It is based on reciprocal commitments and a process of evaluation. A structured follow-up is offered to each participant throughout the programme.

*only participants from the Horeca sector can register before the start of their activities.