Luxembourg’s Reference Programme to Support Start-ups Now Also Covers the Space Sector
Led by the Ministry of the Economy, Fit 4 Start is Luxembourg’s national reference programme dedicated to support high potential start-ups by giving them access to early-stage financing and personalised coaching. Until now, Fit 4 Start only addressed Luxembourg and international start-ups in the ICT and in the HealthTech sector twice a year.
Managed by Luxinnovation , Luxembourg’s national innovation agency, the programme is now opening up to space and more particularly to the downstream sector of value-added applications and services developed from space-based data combined or not with data from other sources, whether airborne, in-situ or from social networks.
Thus, at the end of the next call for applications, 5 start-ups of the space sector will be selected, alongside 10 companies active in ICT and 5 in health technologies. Applications can be submitted online until noon on 16 August 2019. The selected start-ups will have access to:
- a 16-week programme including coaching and weekly follow-up by Lean Start-Up experts;
- collaborative workspaces within an incubator in Luxembourg;
- the possibility of benefiting from the services of other actors supporting start-ups in Luxembourg;
- a grant of 50,000 euros.
An additional grant of 100,000 euros is offered by the Ministry of the Economy to start-ups that successfully complete the programme and raise at least 50,000 euros of private capital.
The selected start-ups from the space sector will also benefit from Premium access to the data centre of the Luxemboug Space Agency , that is the national entry point to data products of the Copernicus Sentinel constellation.
Released by the Luxembourg Ministry of the Economy
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