Launch your ICT start-up in Luxembourg
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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 â‚Ź10,000 of equity to match the funds granted in the context of the programme. The â‚Ź50,000 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:
Š 2016 LUXINNOVATION
in collaboration with:
and in partership with:
Supported by: