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ARTICLE · 08 NOVEMBER 2022

Top Innovation Trends And Industries In Belgium 2022

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Belgium has long been established as an epicenter of innovation. With a multicultural, collaborative, and business-friendly landscape, the heart of Europe continues to attract key international players.

BelgiumTechnology
Julia Vorontsova
Julia Vorontsova

Belgium has long been established as an epicenter of innovation. With a multicultural, collaborative, and business-friendly landscape, the heart of Europe continues to attract key international players. It's not only a conduit of global trade and commerce but also fertile ground for a diverse range of pioneering industries.

The Belgian regions of Flanders, Wallonia, and Brussels each offer unique advantages for industry-specific innovation startups, scaleups, and projects. Despite the unprecedented events of 2019 and 2020, Belgium saw an 8% increase in foreign direct investments (FDIs)—above the 2021 European average.

That's according to the EY Belgian Attractiveness Survey 2022, which ranked Belgium sixth worldwide (after countries with significantly bigger economies). The survey also noted new projects as the key driver of FDIs in 2021. Out of 245 investment projects (which created 6,970 jobs in 2021), 80% of them were new initiatives.

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