Luxembourg’s premier startup accelerator programme, Fit 4 Start, has officially launched its 15th call for applications, inviting high-potential enterprises from around the globe to participate. This prestigious programme, managed by Luxinnovation, is seeking startups active in health technologies, digital, and space sectors. Interested startups must submit their applications by noon on 12 August 2024.
Since its inception in 2015, Fit 4 Start has attracted around 3,000 applications from various startups around the world. The programme is renowned for its competitive nature and comprehensive support structure. Over six months, entrepreneurs and startups receive intensive coaching and mentorship, co-working space, and access to critical networks and resources essential for business growth and scaling.
Startups chosen to participate and incorporate in Luxembourg benefit significantly, receiving €50,000 in equity-free seed funding from the Luxembourg Ministry of the Economy. Furthermore, those who graduate, successfully raise funds, and employ at least two employees may qualify for an additional €100,000 in state aid.
Sven Baltes, Manager – Startup Relations at Luxinnovation, the agency responsible for managing the programme explains: “Fit 4 Start combines a group approach with personalised coaching adapted to each startup. Participants become part of a vibrant and international community of startups that often use Luxembourg as a launchpad for reaching European and global markets.”
Pitch at the Luxembourg Venture Days
Pre-selected startups that advance past the initial application round will be invited to pitch their solutions during the Luxembourg Ventures Days in October 2024. From these, a final cohort of 20 successful startups will be chosen to participate in the 15th edition of the programme.
“The Fit 4 Start programme represents a key milestone on the path to success for these young ventures, giving them the opportunity to gain visibility and connect with private investors who closely monitor such companies,” mentions Sasha Baillie, CEO of Luxinnovation.
Startups that have taken part in previous rounds of the programme have also attested to its transformative impact on their growth and development. Mekki Mouaddeb, Co-founder of Gonuggets (now known as MarketLeap) points out: “The quality of the coaches and the fact that they challenged us and provided an external view on our business helped us better shape our products to market needs.”
Are you ready to challenge your venture in the fields of health technologies, digital, or space, and fast-track your market entry or further growth? Apply to Fit 4 Start #15 and seize this unparalleled opportunity.
Read the orginal article: https://www.eu-startups.com/2024/07/luxembourgs-fit-4-start-15-call-for-application-is-now-open-sponsored/
