On the occasion of the launch of the Startup Luxembourg web platform, on Monday 5 July, the 16 startups that graduated from the 10th edition of the acceleration programme were unveiled and received their Fit 4 Start trophies.
Fit 4 Start #10 was definitively a special edition. After being postponed due to the COVID-19 crisis, it was the first fully digital Fit 4 Start programme, all the way from selection to graduation. And for the first time, the graduated startups received not a diploma but a trophy especially designed in the programme's colours.
As Luxinnovation, the national innovation agency that manages the programme, was not able to organise the traditional Pitching & Graduation Day, the graduation took place during the presentation of the new web platform of Startup Luxembourg.
16 of the 20 participating startups successfully graduated from the programme. 8 of them were physically present and received their trophies on stage from the hands of Luxinnovation’s CEO Sasha Baillie and President Mario Grotz. The 8 others joined via Zoom.
The 16 graduated companies are:
The event was also an opportunity to look back on the history of the Fit 4 Start programme. A round table discussion with former participants reflected on the main developments that have contributed to the reputation of Fit 4 Start. 11 editions have been organised over a period of 6 years. The programme has received applications from more than 2,000 start-ups, of which 98 have followed the different coaching sessions.
15 startups – 10 in the field of ICT and 5 in space – have been selected for participation in the 11th edition of Luxembourg’s flagship accelerator programme that is just about to start. They were selected among a total of 255 applications received from start-ups in 35 countries.
Launched by the Ministry of the Economy and managed by Luxinnovation in collaboration with Technoport, Luxembourg-City Incubator and Luxembourg Space Agency, the Fit 4 Start programme helps young innovative companies to launch from Luxembourg, transforming innovative ideas and entrepreneurs’ strong will to succeed into companies with a strong growth potential. Initially open only to start-ups in the ICT sector, Fit 4 Start now also targets companies active in health and space technologies.
The 15 start-ups selected at the beginning of June for the 11th edition pitched their solutions in person or online. These 15 start-ups will benefit from six months of specialised support, as well as individual funding of €50,000 from the Ministry of the Economy, with the possibility of receiving an additional €100,000 if they successfully complete the programme and manage to raise private capital.