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Take your business to a new level through ICT acceleration programme
Economics

Take your business to a new level through ICT acceleration programme

20.07.2017 From our online archive
In its fifth edition, Fit 4 Start will begin in October and is set to give advice and funding to five early stage ICT companies, helping them to develop product prototypes and teaching them how to test their ideas with their first clients.

Luxembourg startups active in the information and communication technology (ICT) sector can apply to be part of Fit 4 Start -- Luxinnovation's 16 week-long acceleration programme.

In its fifth edition, Fit 4 Start will begin in October and is set to give advice and funding to five early stage companies, helping them to develop product prototypes and teaching them how to test it with their first clients. 

Participants get free access to the co-working space of an incubator and also gain access to a network of contacts supporting startups in Luxembourg. 

Selected startups will receive €50,000 in funding that they need to match with €10,000 of equity.

An additional €100,000 is offered by the Ministry of the Economy to start-ups that have both successfully graduated from Fit 4 Start and managed to raise at least €50,000 private equity.  

Registrations to the Fit 4 Start Autumn 2017 edition will open on 28 July and can be submitted online until August 28.

The best candidates are invited to pitch their projects to a jury composed of experienced entrepreneurs who select the five most promising start-ups for participation.  

To be eligible, companies must be in the process of being set up or have been incorporated less than 12 months before the start of the programme and need to include a team of at least two people.

Startups must also showcase a business project that includes innovative aspects and have at least one team member working full time on the project during the four month-long programme.

Organised twice a year, Fit 4 Start is an initiative by Luxinnovation in collaboration with the Ministry of the Economy and in partnership with the national incubator Technoport.