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Ten ICT start-ups, five companies in the healthtech sector and five in space tech were admitted into Luxembourg’s renowned acceleration programme Fit 4 Start at the Pitching & Graduation Day on 3 October. The biggest ever cohort of participants will benefit from intensive coaching, free access to co-working facilities and a subsidy of up to €150,000.

The cross border test bed is perfect example of a pioneering project between 3 neighbouring countries, Germany, Luxembourg and France.

The Fit 4 Start programme helps young innovative companies to launch their business from Luxembourg, transforming innovative ideas and the project leaders’strong will to succeed into companies with high growth potential.

The Grand Duchy of Luxembourg and the United States of America sign a memorandum of understanding (MoU) that will serve to catalyze and significantly deepen cooperation between the two countries in the field of space. Étienne Schneider, Luxembourg’s Deputy Prime Minister and Minister of the Economy, signs the MoU for the Grand Duchy. Wilbur Ross, U.S. Secretary of Commerce, signs for the United States.

Luxembourg is too small? “It’s a perfect test bed before expanding to bigger markets” says Tom Michels, Founder of Salonkee (smart services).

Luxembourg is just a financial centre? “The country has a strong pioneering and industrial heritage, ideal for start-ups” says Jean-Philippe Hugo, founder of Wizata (industry 4.0, AI).

You can’t bring top talent to Luxembourg? “You absolutely can!” says Genna Elvin, Founder of Tadaweb (AI, data).

You can’t raise funds in Luxembourg? “It’s just important to have the right project” says Mauro Mariani, founder of Oply (Smart Mobility).

“Luxembourg is a very interesting ecosystem and it is easier to connect with high profile investors.”

“The Fit 4 Start progamme was perfect for us to really accelerate our development.”

“We applied for the mentorship and the very nice opportunity to receive equity free funding.”

“Luxembourg is really a great place for start-ups because it provides real help and funding and has this multicultural and multilingual aspect.”

Fit 4 Start participants become part of a vibrant and international community of start-ups that often use Luxembourg as a launchpad for reaching European and global markets.

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