Rejustify

Dec 18, 2021

20 Startups Selected For The 12th Edition Of Fit 4 Start Acceleration Programme Franz Fayot, Minister of the Economy (Photo © Luxinnovation) Selected from a pool of 214 applicants coming from 42 countries, the flagship accelerator programme continues to attract talent from across the globe. This year’s edition selected three startups for its new category which focusses on HPC and data analytics. The remaining 17 startups are spread across the traditional verticals of ICT, HealthTech and Space. Already in its 12th edition, Fit 4 Start remains an attractive accelerator programme for startups around the world. Its specialised coaching sessions and lucrative funding from the Ministry of the Economy – €50,000 with the possibility of receiving an additional €100,000 – certainly explain some its appeal. While the traditional verticals of ICT, HealthTech and Space remain unchanged in their programme, the new HPC and data analytics vertical gives startups access to the national supercomputer MeluXina . With a calculating power of 10 petaflops, it is ranked within the top 50 of the world’s most powerful supercomputers. No wonder startups were eager to apply to the new vertical. “The new track attracted 20 applications, which means that there is a real interest for this kind of offer from startups. It links directly Fit 4 Start to MeluXina, which is a highly strategic initiative of the Government meant, among others, to build a competitive ecosystem for ambitious startups” noted Stefan Berend, Head of Start-up Acceleration at Luxinnovation. “The new HPC and data analytics track offers a unique opportunity to benefit from the real added value that we can offer in Luxembourg.” Franz Fayot AI Goes Mainstream More and more startups are using AI in their solutions. At least, that’s what the Fit 4 Start applicant numbers suggest. Nearly one third of all applicants use this technology, compared to the Internet of Things (11%) and Machine Learning (11%). The buzz around MeluXina appears to dominate the conversation however, and politicians and entrepreneurs alike are curious to find out how it will impact the ecosystem. “The new HPC and data analytics track offers a unique opportunity to benefit from the real added value that we can offer in Luxembourg in terms of technology and expertise in the field of supercomputing and I hope that this will lead to the development of innovative solutions,” says Franz Fayot, Minister of the Economy. Starting early January, the programme will last 6 months, keeping options open for both in-person and online sessions. About the selected startups ICT Circu Li-ion – (Luxembourg) Enabling the lifetime maximisation of each Lithium Ion cell by automating the dismantling of battery packs. Devseis Consultancy – (Luxembourg) TrustChain is a reliable and cost effective cloud solution for a High Performance Computing (HPC) provider to create and share “Type 1” reports on GDPR compliance with the users so that they feel legally safe when processing personal data on the HPC. ITC – (Israel) The ability to prevent traffic jams, by managing them right before they start to build up. Recube – (Luxembourg) Recube is a cloud-based platform for product development, sourcing, and productivity tools to help small and medium-sized fashion brands develop their collections with minimum waste, time, and costs by using 3D technologies and machine learning. Rejustify – (Luxembourg) Rejustify Data Hero is a service to prepare statistical datasets automatically. It employs machine learning to find, access and merge data from multiple sources, simultaneously, in appropriate formats, in real-time. RiDERgy – (Germany) B2B Software for lowest E-fleet costs via AI optimised, automatic & flexible APIs, steered charging schedule anywhere adapting to renewable energy fluctuations by leveraging power market earnings & large and diverse mobility data. Smart Beehive – (United Arab Emirates) A technology-enabled beehive that solves the number one problem for beekeepers globally, the varroa parasite, without harmful chemicals and while increasing productivity, margins and optimising operations through sensor and IOT technology. HealthTech AkknaTek –(Germany) AkknaTek’s patented technology is the missing piece of the puzzle to bring cataract surgery to the next level. For the first time it is possible to control the implantation accuracy through all treatment phases, ensuring predicted results for every lens implanted. DropsLab Technologies – (Luxembourg) Platform designed to help healthcare staff to create a more efficient work environment, using Augmented Reality to empower surgeons, medical device specialists, and other experts to work together – remotely. Dynaccurate – (Luxembourg) Technology allowing health data to become semantically interoperable between different systems, regardless of where the health data originated. KidnAI – (Luxembourg) Scintigraphy analysis tool that leverages AI to drastically improve the accuracy of diagnosing kidney diseases, especially for babies, giving the physician an additional comfort to decide to proceed with surgery. Voicemed – (Luxembourg) Monitoring health & wellbeing combining sound and AI, through a rapid & accurate Digital Health App. The system empowers people to know their health from everywhere, and empower telemedicine & pharma to provide efficiently remote screening and monitoring. Space AM 4 AM – (Luxembourg) Development of best-in-class aluminum powder for additive manufacturing allowing production of parts with unprecedented properties valued in the target industries. Digantara – (India) Building sustainable space by providing high-fidelity orbital insights. Hypernova Space Technologies – (South Africa) Building infrastructure for satellites in space. Ride! – (France) Digitalisation and simplification of the access to space by connecting satellite operators to the whole launch value chain. The Lunar Grid – (Luxembourg) Provision of a continuous and high power supply to all actors across the lunar surface, empowering a completely disruptive way of planetary operations enabling efficient lunar resources utilisation and extended lunar exploration. HPC & data analytics Databourg Systems – (Luxembourg) Providing affordable and accessible rain data using its innovative technology. Mopso – (Italy) Improving of anti-money laundering controls integrating a huge amount of data, internal and external, to financial institutions, finding connections and risky patterns inside customers’ behaviour, reducing false positives and identifying suspicious activities. RSS-Hydro – (Luxembourg) Development of bespoke geospatial products for a better informed decision-making in meeting the SDGs, particularly focusing on water risks. Editor’s note: For more details on the selected startups, check out this link .