Launch
your ICT
start-up
in Luxembourg
WWW.LUXINNOVATION.LU
Fit for Start offers early-stage funding and coaching to ICT start-ups in Luxembourg. The programme
helps you develop a prototype of your product and
learn how to test it with your first clients. You also get
support with presenting your company to investors
and contacts with other players supporting start-ups.
Learn to offer
what your clients really need
Launching a start-up is fraught with uncertainty: you
do not know whether your product will work, nor
whether it corresponds to what your clients really
need. Using the “Lean Start-Up” methodology, Fit for
Start helps you identify your first clients and test your
prototype with them. When analysing their behaviour,
you will learn whether you are on the right track or
need to change direction – before investing too much
money, time and effort.
Our offer:
COACHING
FUNDING
coaching and weekly follow-up
grant of €50,000.
by “Lean Start-Up” experts.
During 16 weeks, the experts guide you through the process of identifying your
first potential clients, creating your “minimum viable product” and validating it
with customers, elaborating a sustainable business model, planning the growth
of your company and preparing for fundraising.
While participating in Fit for Start, you enjoy free access to the co-working
space of an incubator. We also offer you opportunities to benefit from other
players that support start-ups in Luxembourg.The Graduation Day organised at
the end of the programme gives you access to potential partners and investors.
Our target:
ICT start-ups in Luxembourg
Your business project is also:
in the process of being set up or has been incorporated less than
12 months before the start of the programme;
includes a team of at least 2 people.
Your contribution:
ideas, commitment and funds
To be eligible, your business project should have innovative
aspects. At least one team member is expected to work full time on
the project during your participation in Fit for Start. You also need to
bring €10,000 of equity to match the funds granted in the context of
the programme.
The €50,000 grant needs to contribute significantly towards the
realisation of your project.
It needs to be spent over the duration of the 16-week programme
in such a way that you achieve the objectives defined with the
coaches and the stakeholders of Fit for Start.
Programme structure example:
WEEK 1-5
WEEK 6-10
WEEK 11-16
PROBLEM:
PRODUCT:
SOLUTION FIT
MARKET FIT
SCALING
ROADMAP &
FUNDING
Identifying early adopters
Go-to-market strategy
Growth planning
Getting in touch with the
target audience
Living lab and/or User
acquisition
Fundraising
Developing and validating
the minimum viable product
Sales and financial return
Preparing an investor
pitch
Graduation Day
This content has been defined by Carl Danneels & Michel Duchateau, Plethon Innov8 & CreaDelta
Apply to Fit for Start
Two editions of Fit for Start are organised every year, one in
spring and one in autumn. You can apply online. The best candidates
are invited to pitch their projects to a jury composed of experienced
entrepreneurs who select the 5 most promising start-ups for
participation.
Find all information on Fit for Start, including
the next submission date, and apply on:
www.fit4start.lu
Fit for Start is an initiative by:
© 2016 LUXINNOVATION
in collaboration with:
and in partership with:
Supported by: