AS A STU­DENT, WHAT ARE THE MAIN CHAL­LENGES IN­VOLVED WITH LAUNCH­ING A STARTUP?

Silicon Luxembourg - - ENTREPRENEURS -

(Arjana)

First of all, the le­gal frame­work. If I am not from the EU and am a stu­dent here, how does that work if I want to start some­thing? That's the big­gest is­sue. Oth­er­wise, my idea doesn't re­quire a lot of fund­ing. It's re­ally prac­ti­cal and can be built up in steps. It's more about the ne­go­ti­a­tion part and con­nect­ing de­mand with sup­ply – stu­dents to com­pa­nies.

(Himadri)

We are new­bies in this field. Ev­ery­thing about a com­pany is new to us, es­pe­cially for those of us who are sci­en­tists and engi­neers. So, we don't have much busi­ness knowl­edge. But in our case, we are very lucky be­cause the Univer­sity of Lux­em­bourg In­cu­ba­tor pro­vides im­mense sup­port in the ar­eas we're lack­ing. They are very ap­proach­able. It's still dif­fi­cult for us to go be­yond our field of ex­per­tise.

(Prasad)

We're meet­ing many peo­ple here and gain­ing new con­tacts who are en­trepreneurs and star­tups with knowl­edge to share. If we have any doubts or any­thing we need, then we're just go­ing to ask them. We don't have any ex­pe­ri­ence with com­pa­nies. As we are new in Lux­em­bourg, we don't know the cul­ture very well or the com­pa­nies, even le­gal is­sues or how to set up com­pa­nies, raise funds, hire peo­ple... It's a blank page for us. We have to balance our stud­ies and work life.

(Selvi)

The main chal­lenge with our project is con­vinc­ing com­pa­nies to work with us. We went out and talked to many of them. We will see if they ap­prove of our idea to hire stu­dents from our plat­form. We need to con­vince them and lever­age our net­work.

(Joni)

Net­work­ing is the most dif­fi­cult part. We can't solve all the prob­lems our­selves.

(Mike)

I didn't re­ally plan to go into this ca­reer, so I think the most im­por­tant part is con­tact­ing ex­perts.

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