CYBAVO is one of the 10 ICT companies selected to participate in the 10th cohort of the acceleration program Fit4Start, organized by Luxembourg for Innovation and the government of Luxembourg.
A total 476 startups from 60 countries applied for this year’s edition, and an initial pre-selection of 79 of them had the opportunity to pitch their companies to a jury formed by industry experts from Luxembourg, who finally selected a total of 20 companies, 10 of them in the ICT industry, 5 in the health tech, and 5 more in the aerospace industry, and only two of them from Asia. The companies were selected evaluating factors like “innovative/disruptive technology, existing traction, quality of the team and relevance of the project within the Luxembourg and the UE framework economic and societal context”.
This accelerator is design to provide the selected startups with knowledge, coaching, funding and connections to scale up and make an impact in Europe in their respective industries.
The announcement of the selected companies took place in October 15, during a press conference held by the Minister of the Economy Franz Fayot and the CEO of Luxinnovation Sasha Baillie.
CYBAVO offers a fully featured turn-key virtual asset custody platform, designed for finance institutions and fintechs, which is secure, convenient, and regulator-ready. Thanks to this opportunity, CYBAVO will be able to contribute to Luxembourg’s active fintech industry, which hosts blockchain leaders like Tokeny, Infrachain or BitFlyer.