search

Luxinnovation spoke with CEO Vineet Devaiah.

How did you first hear about Luxinnovation and our Fit 4 Start programme?

I was looking for soft-landing programmes into Europe.  I has looked at several across Europe and during the research the Fit4start programme blew away compared to any other programme by miles. I then spent time researching the programme over the internet and some of the press releases.

What was your biggest achievement?

With the Fit 4 Start programme our biggest achievement was launching the largest VR developer community. We grew from 0-5000 developers within 3 months and we achieved MVP (Minimum Viable Product) profitability around our first month.

Name 3 things you especially like about the Fit 4 Start programme?

  • Access to mentors and help from the team came quickly and was very effective.
  • Luxembourg is poised to be one of the best start-up hubs in the world and Fit 4 Start is the best way into it for an early stage company.
  • There was great help from the other teams and we learnt and shared a lot of best practices.

What did you learn so for by participating in the Fit 4 Start programme?

  • Building a better sales/BD (Business Development) approach for enterprise clients
  • Launching an MVP and iterating to find product-market fit

What are the upcoming challenges for your start-up?

  • Finding enterprise clients (clients with more than 1000 employees or more than 1M visits/month in terms of website traffic)
  • Raising our next round of funding so we can stay in Luxembourg and grow.

Tips and tricks of an entrepreneur:

What advice would you give to other entrepreneurs?

“Do your own thing as fast as possible, learn from your mistakes and iterate. “

Name: TeliportMe
CEO: Vineet Devaiah
Founding date: Sept, 2012
Registered office: Suite 1200, 444 Castro street- CA 94140
Contact email: vineet@teliportme.com
Website: teliportme.com
Social media profiles: @teliportme on Twitter

Read more

The smart manufacturing revolution

23-10-2019

The major Smart Manufacturing conference on 7 November will focus on how to increase competitiveness with new technologies.
Read more

A Luxembourg base for medical exoskeletons

22-10-2019

ExoAtlet offers paralysed people the opportunity to walk again. The Russian start-up has chosen Luxembourg as the new location of its headquarters in order to target the European rehabilitation market.
Read more

Cybersecurity in Luxembourg: An expanding sector

15-10-2019

Luxembourg is internationally renowned for its expertise in cybersecurity. A recent mapping of the sector highlights a dynamic sector specialising, in particular, in risk identification and protection.
Read more

Changes in financial industry “only going to happen faster than before”

07-10-2019

Daniel Schulman, the CEO of Paypal, was in Luxembourg this Monday to inaugurate the PayPal-FNR PEARL Chair in Digital Financial Services, the first one built on a public-private partnership in this field.
Read more

A US autumn for Luxembourg start-ups

07-10-2019

7 of Luxemboug's most promising start-ups have been selected for participation in two acceleration programmes specifically designed for entering the US market.
Read more

All news

Close