"There are three kinds of networkers," says American entrepreneur David Nour, "Givers, takers, and those who invest."

Two networks, the LBAN (Luxembourg Business Angel Network), and NOBELUX (Belgian-Luxembourg Nordic Countries Chamber of Commerce) exist fundamentally to bring together people who want to invest in business.

The purpose of the LBAN is to introduce local Business Angels (private investors keen to involve themselves with entrepreneurs through investing both their business acumen and money) to deserving entrepreneurs. This process is part of building a new tier of Luxembourg businesses. "We are the private face of the public-private investment partnership in Luxembourg," said Michael Morris, Secretary and founding member of LBAN asbl. "We are integrated with the key Luxembourg institutions involved in assisting interesting entrepreneurs in finding both the capital and intellectual investment they need to succeed. This will facilitate a coherent, consistent approach to enabling entrepreneurs to receive the attention they deserve and simultaneously offer our Business Angel members an opportunity to extend their contribution to the development of business in Luxembourg. Further, we are linked internationally with other business angel organisations to coordinate and share opportunities."

The LBAN was launched in November 2004 with the support of the Ministry of Economy, Luxembourg Chamber of Commerce, LuxInnovation, 123Go! Centre Henri Tudor, First Tuesday, etc.

The LBAN hope to make money out of their activities, although this is not something in any way guaranteed. What they hope and expect is that their activities will bring new businesses to Luxembourg, and although Chairman, Karl Horsbourgh, has expressed some frustration at the lack of entrepreneurial spirit and support in Luxembourg at times, they claim that this has already happened.

NOBELUX sets itself up as the business link between the Nordic countries (Sweden, Finland, Norway, Denmark and Iceland) and Belgium and Luxembourg. Through a series of luncheon meetings and other non-regular events, they offer a "networking platform for company leaders and other senior executives." Mathilde Nankwaya is their hard-working founder and Director, promoting Luxembourg as a centre of business in Sweden, organising top-level guest speakers at the luncheon, and trying to facilitate meetings between venture capitals and entrepreneurs, amongst her other activities.