search

The 20 startups selected in the 4 categories of Fit 4 Start will benefit from the specialised coaching as well as €50,000 of funding from the Ministry of the Economy each, with the possibility of receiving an additional €100,000 if they graduate successfully from the programme and manage to raise some private capital. On top of that, the 3 startups selected in the new track will benefit from a special programme, including access to computing and data analytics capacities of the national supercomputer MeluXina.

Artificial intelligence (AI) a common technology

In line with previous editions, one third of the applications came from Luxembourg, the rest being equally divided between EU and non-EU startups.

This 12th call for applications also showed a clear trend for AI related solutions. 30% of the applications used this technology, followed by the internet of things (11%) and machine learning (11%).

“The new track attracted 20 applications, which means that there is a real interest for this kind of offer from startups. It links directly Fit 4 Start to MeluXina, which is a highly strategic initiative of the Government meant, among others, to build a competitive ecosystem for ambitious startups,” noted Stefan Berend, Head of Start-up Acceleration at Luxinnovation.

Fit 4 Start: a powerful facilitator

Minister of the Economy Franz Fayot added: “The Fit 4 Start acceleration programme is a powerful facilitator providing entrepreneurs with attractive pre-seed funding. In addition, the new HPC and data analytics track offers a unique opportunity to benefit from the real added value that we can offer in Luxembourg in terms of technology and expertise in the field of supercomputing and I hope that this will lead to the development of innovative solutions.”

The Fit 4 Start acceleration programme is a powerful facilitator providing entrepreneurs with attractive pre-seed funding.

The programme will kick off in early January. It will last 6 months, with coaching sessions taking place both physically and online depending on the sanitary situation.

Initiated in 2015 by the Ministry of the Economy, Fit 4 Start is managed by Luxinnovation in collaboration with Technoport, the Luxembourg City Incubator and the Luxembourg Space Agency.

Selected startups

ICT

Space

Healthtech

HPC

Photo: © Luxinnovation/Marie De Decker

Read more

Sienza Energy develops European HQ in Luxembourg

30-11-2022

Californian start-up Sienza Energy develops high-energy batteries that could be a radical game changer for electric vehicles. Supported by Luxinnovation, the company has chosen to locate its European HQ in Luxembourg with the ambition to perform key R&D activities. It hopes to open a pilot plant for its eco-friendly batteries here in the next few years.
Read more

Luxinnovation and South Korean KAIST GCC to cooperate

28-11-2022

Luxinnovation signed a Memorandum of Understanding with the Global Commercialization Center of Korea Advanced Institute of Science and Technology (KAIST GCC) on 28 November 2022. The main objective is to facilitate business and investment opportunities for South Korean companies in Luxembourg.
Read more

Sustainable mobility solutions: "Start-ups welcome"

28-11-2022

Facilitating smart, efficient and sustainable mobility is a major objective of the Luxembourg government. Crossroads Magazine spoke to the Deputy Prime Minister and Minister for Mobility and Public Works, François Bausch, about his plans for the future and the need for mobility innovation.
Read more

Bridging the digital divide

23-11-2022

The Luxembourg Institute of Science and Technology has recently been awarded substantial Horizon Europe funding for its COMMECT project, which is aimed at bringing digital connectivity to rural communities. Luxinnovation helped the coordinator find key international partners and ensure the high quality of the funding application.
Read more

Spearheading mobility innovation

21-11-2022

Luxembourg is determined to promote the use of innovative and sustainable mobility solutions. This commitment, combined with massive infrastructure and public transport investment as well as R&D and business partnership opportunities, make the country an excellent testbed for mobility innovation for the European market.
Read more

All news

Close