LUXEMBOURG (Luxembourg Space Agency PR) — Fit 4 Start is Luxembourg’s acceleration programme for supporting start-ups. Start-ups benefitting from the programme, established in Luxembourg or another country, including outside the European Union, are selected twice a year.
Launched by the Ministry of the Economy and managed by Luxinnovation, the Fit 4 Start programme has opened its next call for candidates for national and international start-ups.
The next edition of Fit 4 Start is aimed at young innovative companies active in the information and communication technologies sector (ICT) as well as the space technology sector. Registrations can be made online up until 20 January 2020 at 12.00 hours (midday Luxembourg time) via www.fit4start.com.
A pre-selection is carried out on the basis of the applications received. Candidates who are pre-selected will be notified on 3 February 2020. The pre-selected start-ups then meet for a ‘pitching’ session organised during the ‘Pitching and Graduation day’ which will take place on 26 March 2020 in Luxembourg City. 10 ICT and 5 space technology start-ups will be selected by an international jury to take part in the 10th edition.
Fit 4 Start offers to the 15 successful candidates a grant of €50,000, personalised and intensive coaching as well as free co-working space during four months at one of two incubator partners, Technoport and the Luxembourg City Incubator. An additional grant of €100,000 is awarded to start-ups which have successfully completed the programme and which have managed to raise at least €50,000 in private capital.
The selected space start-ups will also benefit from specialised and sector-specific coaching. In the case of the Space programme, they will also benefit from Premium access to the LSA data centre and be eligible for an access request to the “Data Lake” of Spire Luxembourg.