On Tuesday 6 December 2022, more than 400 students gathered to participate in the 15th Luxembourg Practice Enterprise TradeFair, organised by Jonk Entrepreneuren Luxembourg asbl. In total, 21 companies from 13 secondary schools were present at the Geesseknäppchen Forum.

The concept of the Practice Enterprise (PE) has existed since the 1950s and is implemented in many countries across various sectors (school, vocational training, professional reintegration, etc.). In Luxembourg, the concept was introduced in 2006 in the school curriculum as a compulsory course for secondary school students, completing a vocational training course within the administrative and commercial division.

The Practice Enterprises are fictitious companies integrated in a global network constituting a real parallel market, allowing them to undertake commercial actions between them by simulating the real market as accurately as possible.

The objective of the PE is to put into practice the theoretical knowledge acquired in other courses and to gain an overview of the functioning of a company. Interaction between the different departments and with external bodies is promoted. It is therefore through commercial practice that the PE aims to best prepare young people for the world of work.

The Practice Enterprises Trade Fair is organised once a year and allows the companies to meet each other and create business alliances. A competition is also held and the following four prizes are up for grabs: “Best portfolio & catalogue”, “Best stand and business practice”, “Best presentation” and finally the “Best Training Company of the fair 2022”. There are also two optional prizes to be won, namely the “Innovation Award” and the “Sustainability Award”.