Find Answers to Your Questions
No. It can however not be older than 5 years at the application date following the incorporation date of the legal entity.
Yes, but the team must be composed of a minimum of two people. One member of the team must work full time on the project during the entire duration of the programme. This is to ensure that you can both attend the Fit 4 Start related activities (i.e. coaching sessions and steering committee meetings) without neglecting your day-to-day business operations.
Although it is not a requirement to have a minimum viable product (‘MVP’) when applying, start-ups that have already developed one are strongly preferred.
It is not required to have an incorporated company at the application stage – in neither Luxembourg nor elsewhere. It is not an issue if your company is already incorporated elsewhere.
You can submit one application per edition only and it is not possible to be selected for the programme with multiple projects. However, if you are not selected for participation, it is possible to re-apply to another Fit 4 Start edition.
No. The Fit 4 Start programme targets for-profit start-ups/projects.
It is mandatory to be physically present in Luxembourg for the coaching sessions and steering committee meetings. We also highly recommend staying here during the 16 weeks in order to benefit from additional opportunities, networking and events in the Grand Duchy and to get acquainted with the local life.
The location of the coaching sessions depends on your vertical. While the ICT cohort usually uses the premises of Luxinnovation or Technoport, the HealthTech vertical normally benefits from the facilities of the House of BioHealth or the Luxembourg-City Incubator. The coaching sessions in SpaceTech take place at Technoport. Please note that this indication is preliminary and the final coaching location is subject to individual planning.
The Fit 4 Start programme is a 16-week acceleration programme with monthly coaching sessions & steering committee meetings. While common expert sessions are organised for all Fit 4 Start participants, the individual coaching sessions will be tailored to the specific needs and requirements of your start-up.
You can expect 3 to 4 full days of coaching per month. This includes both expert sessions and individual coaching sessions. Furthermore, you should reserve 1 additional full day per month for steering committee meetings. Please note that this is an indication only and the final amount of time to reserve is subject to individual planning.
Any failure by participants to meet any of the commitments indicated in the “Application and Programme guidelines” will, by decision of Luxinnovation, lead to their exclusion.
Concerned participants will first receive two written warnings by e-mail, before being officially excluded from the programme. The participants will be notified of their exclusion by registered mail.
The exclusion automatically leads to:
Website : https://hobh.lu/
Phone: +352 288 376 200
No. All the candidates, including those not yet located in Luxembourg, are required to be present on premises for this session. The team will have to pitch the project in public, followed by a short Q&A session from the jury.
While there are no prerequisites regarding content, we kindly ask you to comply with the following:
Upon request, a pitch deck template can be provided.
No. With at least 50+ start-ups on stage, there is a tight schedule and no room for special requests. We aim to be as fair as possible to all participants.
Upon request, it is possible to issue an official invitation to the Pitching & Graduation Day to non-EU citizens, including a detailed description on the event objectives and the obligation to be physically present in Luxembourg that day. The invitation letter is to be presented to the competent authorities when applying for a visa.
Yes. It is mandatory to register the person who will pitch as well as all teammates/project stakeholders who would like to attend the event before the registration deadline.
The programme supports the participants in getting started in Luxembourg by giving access to a grant up to €150,000 made available by the Ministry of the Economy in accordance with Regulation (EU) No 1407/2013 on the “ The de minimis” aid.
Only a legal person, meaning the company participating in the Fit 4 Start programme, can receive the grant. It is impossible to distribute the grant to a natural person.
No. The grant from the Ministry of the Economy for participants of the Fit 4 Start programme is not subject to any equity participation in your start-up. Please consult the question below, for the conditions related to obtaining the €50,000/€100,000.
On the first grant of €50,000
The participants need to have their company established in the Grand Duchy of Luxembourg and obtain their business permit, meaning:
Detailed information on how to create a company in Luxembourg is available on the website www.guichet.lu. Furthermore, it is strongly recommended to get in contact with the House of Entrepreneurship, which provides personalised support and advice to companies from around the world looking to establish their business in Luxembourg, as soon as possible.
On the second grant of €100,000
The second grant is only paid to participants who have both successfully graduated from Fit 4 Start and managed to raise at least €50,000 of private equity (justified by a notary deed).
Graduated participants have 6 months after the graduation date to raise capital and submit a demand for the second grant.
The application for the first grant of €50,000 needs to be submitted to the Ministry of the Economy during the 16-week programme (The application process can start from the first day of the programme). The capital increase linked to receiving the additional €100,000 needs to be carried out by latest 6 months after your Graduation Day. Please note that no grant application will be accepted after this deadline.
From an accounting point of view, the grant is usually considered as an extraordinary income and could be taxable in case of a net profit.