The Fit 4 Start Startup Accelerator Programme provides support to early-stage and innovative startups with coaching, mentoring, and equity-free funding to help them launch and scale in the European market.
The programme focuses on digital, tech-driven, and data-driven innovation including internet of things, blockchain, big data, artificial intelligence, machine learning, robotics, cyber technologies, telecom, and open-source systems, along with additional dedicated tracks for healthtech, space, and defence. It also prioritises sustainable ventures aligned with people, planet, and prosperity.
Fit 4 Start offers startups an intensive six-month acceleration journey combining personalised coaching, expert feedback, and access to international mentors, investors, and industry networks, alongside discounted co-working space in Luxembourg and access to high-performance computing infrastructure.
The total funding support provided through the programme is up to EUR 150,000 in equity-free grant funding, structured in three tranches: an initial EUR 50,000 instalment, a second EUR 80,000 instalment, and a final EUR 20,000 balance. The first instalment requires incorporation in Luxembourg within nine months of programme start (if not already incorporated), a minimum issued capital of EUR 15,000 fully paid in cash, and proof of at least EUR 15,000 in available cash, along with a team of at least two members and active participation in all coaching activities.
The second instalment is released after successful programme graduation and requires raising at least EUR 50,000 in private equity, completion of a formal capital increase in a Luxembourg company, maintaining at least two full-time employees, and spending at least EUR 50,000 according to the approved budget. The final tranche is granted after demonstrating total spending of at least EUR 150,000 within 24 months and compliance with reporting and budget requirements.
Eligible applicants include startups less than five years old or early-stage innovative projects that meet small enterprise criteria under EU regulations. Teams must consist of at least two people, with at least one member working full-time on the project.
Incorporation is not mandatory at application stage, although incorporated companies must also meet the age and eligibility requirements. Applicants are expected to operate within the programme’s focus areas and may be required to establish a commercial company in Luxembourg to access funding.
For more information, visit Luxinnovation.
