Fit 4 Innovation helps SMEs optimise their daily business operations in order to become more competitive and profitable and to free up resources for innovation.
Do you want to take a good look at how your company could become more efficient?
Take a step back from the everyday rush to review the fluidity and coherence of your company’s operations. Identifying potential improvements of your internal organisation, financial management and customer management can help you cut unnecessary costs, improve your client relationships, increase your profits and get ready to sustain your future competitiveness through innovation.
Key figures
- 25 SMEs supported (2018-2021)
- 50% of consultancy fees during the analysis phase covered (maximum total cost: €15,000)
- 25% of consultancy fees during the implementation phase covered
- 100% return on investment guaranteed at the end of your project
Key benefits
Businesses that are looking to enhance their performance and competitiveness can benefit from this programme.
- In-depth 360° analysis of your company’s operations
- Personalised action plan with cost estimates
- Expert support with the implementation of your action plan
- Advice from experienced, neutral business performance experts approved by Luxinnovation
- Financial support from the Ministry of the Economy
Who can benefit from Fit 4 Innovation?
In order to be eligible for Fit 4 Innovation, you must:
- Be a small or medium-sized company based in Luxembourg
- Have a valid business permit granted by the General Directorate for Small and Medium-Sized Enterprises
- Not be considered as an “undertaking in difficulty”
Step 1: Apply
- Contact Luxinnovation to choose the certified consultant with whom you would like to cooperate and complete your application together with us.
Applications can be submitted at any time of the year.
- Receive feedback from Luxinnovation. We will review your application and validate it once all selection criteria are fulfilled.
Step 2: Analyse
- Start the in-depth analysis of your company together with the consultant.
The analysis can start as soon as your application has been reviewed by Luxinnovation.
- Receive your personalised action plan. Based on the analysis, the consultant will put together an action plan including cost estimates with recommended measures for your company. The plan will be validated by Luxinnovation.
- Request the payment of the public subsidy covering 50% of the consultancy costs for the analysis.
Step 3 (optional): Implement
- Launch the implementation of the action plan.
The consultant will continue to advise and support you throughout the implementation phase. Luxinnovation will actively follow the implementation process.
- Request the payment of the public subsidy covering parts of the consultancy costs incurred once the implementation is finalised.
