Home > News > Featured News > Fit 4 Start: €3 Million For Startups

Fit 4 Start innovates! For its 9th edition, the national reference program to support innovative young companies is open to startups active in the space sector. At the end of the call for applications 5 of them will be selected, alongside 10 companies active in ICT and 5 in health technologies.
(Featured Image: Fit 4 Start Graduation Ceremony 2018 / Image Credit © Marie de Decker)

In collaboration with Luxinnovation and in partnership with Technoport, Luxembourg City Incubator, the Luxembourg Space Agency (LSA) and the House of BioHealth, the Ministry of the Economy is leading the national reference program Fit 4 Start to support innovative startups. The objective is to select the most promising startups and give them access to early-stage financing and personalized coaching.

Launched in 2015, Fit 4 Start first addressed Luxembourg and foreign startups in the information and communication technology sector twice a year. After a successful first pilot program in the field of health technologies (HealthTech) at its 7th edition in the autumn of 2018, it is now opening up to space and more particularly to the downstream sector of value-added applications and services developed from space-based data combined or not with data from other sources, whether airborne, in-situ or from social networks.

Startups in the ICT, HealthTech and Space sectors or wishing to develop activities in them can express their interest in the 9th edition of Fit 4 Start, applications will close on 16 August 2019.

For this new edition, 20 companies will be selected during the Fit 4 Start Selection & Graduation Day on October 3, including 10 ICT companies, 5 HealthTech companies and 5 Space companies.

The startups selected during the selection process will have access to:

  • a 16-week program including coaching and weekly follow-up by Lean Startup experts;
  • collaborative workspaces within an incubator;
  • the possibility of benefiting from the services of other actors supporting start-ups in Luxembourg;
  • a grant of 50,000 euros.

The closing event, organized at the end of the program, will also allow companies to present their project to partners and potential investors.

An additional grant of 100,000 euros is offered by the Ministry of the Economy to startups that have successfully completed the program and have raised at least 50,000 euros of private capital.

The selected startups will benefit from specialized and sector-specific coaching. In the case of the Space program, they will also benefit from Premium access to the LSA data centre, which contains data from the Sentinel 1 and Sentinel 2 Earth observation satellites of the European Copernicus system. They will also be eligible for an access request to the “Data Lake” of Spire Luxembourg. These are specific features that give this acceleration program a unique character.

Applications can be submitted online until noon on 16 August 2019 at www.fit4start.lu. Pre-selected candidates will be informed on 2 September 2019.


You may also like
Alma Solar Shortlisted For The Digital Solar & Storage Startup Awards
SONIC VISIONS Music Lab Program Revealed
Java Developer Intern (m/f) | q-leap
Technical Test Consultant (m/f) | q-leap