search

Luxinnovation spoke with Galo Vargas about his start-up and his programme experience:

How did you first hear about Luxinnovation and our Fit 4 Start programme?

Van Hack, a start-up in our network recommended the programme to us because they have been part of the former edition.

What was your biggest achievement?

During the programme, we change the direction and strategy of our start-up project and the way we make money. It was a big achievement to pivot, create and validate this new business model.

Name 3 things you especially like about the Fit 4 Start programme?

  • Personalized coaching with experts
  • Meetings and presentations every 30 days to actually show your progress and keep you right on track with feedback
  • All the doors of opportunities that can be opened in Luxembourg and the European Union for start-up support

What did you learn so far by participating in the Fit 4 Start programme?

We learned how to focus on the right things, how to target the right customer, and how to validate our value proposition. We also learned a lot about the technical aspects of business and how to improve our current processes.

What are the upcoming challenges for your start-up?

The next challenge for us will be to increase the growth rate of our user base and convert 1% of our free user base into paid premium subscribers. In doing so, the company will be completely self-sustainable in one years’ time. It will also be a next step to make deals with publishers to attract premium content to our platform.

What advice would you give to other entrepreneurs?

Experiment, test and pivot your product from the beginning, instead of investing thousands of dollars and end up with something nobody will use.

Validate the value proposition right from the start by talking to your segment customers and observing how they use your prototype and why. Once you have it, and work out a mechanism where you can make people pay for your product and find that “single action” that you know that, if you put money on it, you can scale your sales exponentially. Proving that level of traction and potential, makes any start-up “investable” and building the entire product for doing it is not required.

Additionally, have a clear vision of what you want to become and where you want to be in the future.

CEO: Galo Vargas

Founding date: June 2018 in Luxembourg

Registered office: Technoport, Belval

Contact email: galo@getinkspired.com

Website: getinkspired.com

Follow & connect: Twitter, Facebook

Read more

Technology innovation for better health

22-10-2018

The development of new health technologies, often based on an innovative use of ICT, has the potential to improve healthcare in general as well as to create economic benefits and growth. Developing this sector is a priority for Luxembourg, and the country is implementing multiple initiatives with this as their objective. The latest one is introducing a health tech track in the successful accelerator programme for innovative start-ups, Fit 4 Start.
Read more

Fit 4 Start: new participants and Graduates revealed

05-10-2018

On Thursday 4 October, more than 300 start-ups and leading players in the start-up ecosystem responded to Luxinnovation's invitation to attend the Fit 4 Start Selection & Graduation Day, an event dedicated to inspiring start-ups in the fields of ICT and health technologies.
Read more

Fit 4 Start Selection & Graduation Day: more than 60 ICT and HealthTech start-ups in the spotlight

17-09-2018

A day full of fresh ideas and innovative projects; inspiring start-ups in the fields of ICT and Health Technologies present themselves. The next Fit 4 Start Selection & Graduation Day will take place on Thursday 4 October 2018 at Kinepolis Kirchberg and will allow the audience to discover 62 innovative start-ups.
Read more

Understanding the real estate market with Houser

23-08-2018

Luxinnovation spoke with the founders of Houser, a start-up of the very first Fit 4 Start edition in 2015. Houser is a real-estate data analytics company whose mission is to become the trusted source of professional real-estate information.
Read more

Fit 4 Start: “Paying attention to the needs of each start-up”

08-08-2018

Luxinnovation is currently inviting ICT and health tech start-ups to apply to the next edition of the acceleration programme Fit 4 Start that will support 15 promising start-ups with launching their businesses successfully in Luxembourg.
Read more

All news

Fermer