Tag: fit4start

ume graduated from the Fit4Start programme – Autumn 2017 edition

On March 12, 2018, Luxinnovation announced the Autumn 2017 Graduates from the Fit 4 Start programme.

Fit 4 Start is Luxinnovation’s flagship programme of coaching and weekly follow-up by “Lean Start-Up” experts. The quality and the success of the core ingredients of the programme are the selection process, coaching, financial support and international visibility.

Of the five participants, three graduated: ume solutions (know your fund distributors), Van Hack (connecting tech talent), and SEE MORE (augmented reality for painting on wall and more). 

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Luxinnovation spoke with CEO Laurent Denayer

Luxinnovation spoke with CEO Laurent Denayer.

How did you first hear about Luxinnovation and our Fit 4 Start programme?

We heard about the Fit 4 Start programme in a discussion we had with Luxinnovation about public aid and coaching support. Fit 4 Start actually provides these two features.

What was your biggest achievement?

All our achievements are linked to our clients’ satisfaction. We have managed to build a good solution that is matching a market need. Winning the award of the 2017 best Fintech Startup at the Luxembourg Finance Innovation Summit has further reconfirmed this.

Read the full interview here

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ume selected for the Fit4Start coaching program

Extract from Luxinnovation press release  

On September 27, 2017, Jean-Michel Ludwig, Director, Luxinnovation Start-up Support & SME Performance, announced the 5 new laureates for the prestigious autumn 2017 Fit 4 Start edition. Out of more than 100 submission, the five next participants will be  AR24,  Prometheus,  Qwerteach,  ume and VanHack. Congratulations! 

Last night at Technoport  (Incubator, co-working space and fab lab), Luxinnovation announced the five new start-ups selected for the Fit 4 Start coaching program. Four months of intensive training and a grant of 50,000 euros offers these early stage start-ups a platform to potential success. The programme, which is rapidly gaining in international recognition, is also an initiative (along with Luxinnovation) of the Ministry of the Economy, the aforementioned Technoport and  Nyuko (independent non-profit co-supported by public authorities and the business world (public-private partnership).

Speaking at the event, Michele Gallo, Director ICT Coordination, Luxembourg Ministry of the Economy, pointed out that the level of submissions for the programme continues to grow higher along with the interest of private investors, a sign that the entire Luxembourg start-up ecosystem and the Fit 4 Start programme are developing a strong reputation with an international reach. 

Fit 4 Start supports start-ups in their establishment phase by offering early-stage funding and coaching. The programme helps them develop a prototype of their product and to learn how to test it with their first clients. In addition, participating start-ups get support in presenting their company to investors and contacts with other actors supporting start-ups. At the end of the programme, additional €100,000 is offered by the Ministry of the Economy to start-ups that have both successfully graduated from Fit 4 Start and managed to raise at least €50,000 of private equity. 

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