You want to innovate, but you don’t know where to start? Have you tried to launch innovative products or services, without success? Do you feel that your company has great growth potential?
The Fit 4 Growth program allows companies, well established in their market, to explore new growth levers through an innovation process.
Whether it’s launching a new product or service, or rethinking your company’s business model, Fit 4 Growth provides financial support and expertise to business leaders looking to take their company to the next level through innovation.
What is Fit 4 Growth?
- The external support of a Luxinnovation approved innovation consultant;
- A diagnosis of your company’s current innovation potential;
- Formalization of a viable idea for a new product/service/business model;
- Public aid from the Ministry of the Economy to cover part of the costs incurred
- The prospect of an innovation project that will determine the growth of your company.
Who can participate in Fit 4 Growth?
To be eligible, a company must:
- be classified as an SME according to the criteria of the European Union
- not be classified as an undertaking in difficulty
- be based in Luxembourg
Fit 4 Growth, how does it work?
1) Send your application to Luxinnovation
– Choose the certified consultant who will accompany you
– Contact Luxinnovation to complete your application together
2) When your application is validated by Luxinnovation
– Send your completed application to the Ministry of the Economy
– The diagnosis can start with the chosen consultant
– At the end of the diagnostic, the consultant will give you a report validated by Luxinnovation
– You can request payment of the public subsidy covering the diagnostic costs
– If you wish, you can continue with an innovation project directly resulting from the diagnosis
Frequently asked questions about Fit 4 Growth
How do I choose my Fit 4 Growth consultant?
Contact Luxinnovation, we will be happy to help you make your choice.
What is the amount of government subsidy for Fit 4 Growth?
The Ministry of the Economy will pay you 50% of the consultancy fees related to the Fit 4 Growth diagnostic.
When can I participate in Fit 4 Growth?
The Fit 4 Growth program is open on an ongoing basis. Applications can be submitted at any time during the year.
