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

Salonkee raises €1 million from Luxembourg investors

21-01-2019

The start-up specialising in online appointments for hairdressers and beauty salons closed its first round in mid-January, bringing together exclusively Luxembourg investors.
Read more

Evvos wins best European agritech start-up award

22-11-2018

Luxembourg start-up Evvos is one of 18 companies that were recognised as the best start-ups in Europe. Evvos won the StartUp Europe Award in the category “agritech” for its innovative solution enabling farmers to measure environmental parameters to support planting, irrigation and harvesting using remote sensors.
Read more

Luxembourg – fertile ground for growth of Green Tech and Industry 4.0 start-ups

07-11-2018

Green Tech and Industry 4.0 are two major emerging technology trends. Luxembourg is at the forefront of innovation in both fields, as can be seen by a number of initiatives being implemented throughout the country.
Read more

Mapping hotel DNA

06-11-2018

Luxembourg-based start-up Travelsify uses artificial intelligence to help internet users find the hotels and restaurants that can provide them with exactly the experience they are looking for. The company has recently raised €5 million in a new funding round led by AccorHotels.
Read more

Start-up expertise for safeguarding data

06-11-2018

Data has become the most precious asset in the new digital economy – and, as a consequence, the target of increasingly frequent and sophisticated cyber attacks. Luxinnovation spoke to four start-ups about current cybersecurity trends and their view of the Luxembourg cybersecurity ecosystem.
Read more

All news

Close