Innovative platform lilo transforms the translation and localisation market

Innovative platform lilo transforms the translation and localisation market

Leuven. 

Startup lilo launches the next generation translation platform to help companies go international. The platform offers customers full transparency, professional freelancers full autonomy and simplifies the process for all parties. With this platform, lilo wants to put an end to expensive translations and a painful translation process. The start-up is supported by Start it @ KBC, the largest startup accelerator and community in Belgium.

A unique concept

Translations are often considered too expensive for companies to outsource, but they are indispensable to sell their products across language borders. Professional translators, on the other side, struggle to get a fair payment for their work. Start-up lilo found a solution for both issues.

The lilo team has developed an innovative platform enabling a transparent workflow by putting the customer and professional translator in direct contact with each other. This unique transparency transforms the translation market, good for a market value of 49,6 USD (Statista). Jurgen Goens, founder and CEO of lilo explains: “With lilo, communication is direct and immediate, streamlining questions and clarification on projects which shortens the turnaround time and improves quality”. The high level of process automation allows customers to simply upload the documents and download the translated versions as soon as they are ready.

Smart matching

Uploaded documents are automatically “smart” matched with the right professional translators for the subject matter and pricing offers are instantly presented to the customer. Customers choose their professional translators based on ratings, qualifications, subject matter expertise, and price. That way, customers know who translates their projects and can continue to choose their preferred translators based on past performance. In addition, the lilo platform offers centralized GDPR-compliant file storage, automated invoicing, translation memory storage, state-of-the-art MT technology and a highly competitive pricing. 

Fair way of working

With their state-of-the art platform, lilo gives professional freelance translators access to the automated translation and administrative tools previously available only to the big LSPs (Language Service Providers). The tools of the lilo platform give professional translators the autonomy they deserve, the efficiency to produce high-quality translations quickly, and the freedom to run their own business on their terms. The translators no longer have to worry about manually creating invoices and payment delays. They set their own prices, choose the translation projects they want to work on and which translation tools they use. 

Jurgen Goens says: “lilo empowers both professional translators and customers by giving them open communication and the ability to make important choices for each project. LiLo’s commitment to stay on the cutting edge of AI advancements removes the cost-prohibitive technology burden from both customers and professional translators. It’s a win-win.”

Lilo expands

Lilo consists of a team of ‘industry veterans’ that can boast over 50 years of experience in the sector of translation automation. After constructive feedback from the first customers, lilo will focus heavily on marketing and sales in the coming months. With a brand new sales & marketing manager on board, lilo is ready to claim its share of the translation market. 

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About Start it @KBC

Start it @KBC is Belgium's largest accelerator and supports and promotes entrepreneurs with an innovative idea and scalable business model. The international Start it @KBC community consists of a network of more than 830 startups and scale-ups that share their experiences and expertise.

Start it @KBC was founded in 2014. The accelerator is founder-centric and offers their program completely free of charge. Start it @KBC does not take shares in the startups and only imposes one condition: the joint pursuit of maximum economic and social impact, diversity and sustainability.

The Belgian hubs of Start it @KBC are located in Antwerp, Brussels, Ghent, Hasselt, Kortrijk and Leuven. In addition, Start it @KBC has international offices in Budapest, Gyor and Prague and pied-à-terres in New York, San Francisco and London. Since 2017, Start it @KBC is a member of the exclusive Global Accelerator Network (GAN), which offers the startups additional expansion and sales opportunities abroad, as well as a wealth of benefits from technology partners worldwide.

Start it @KBC has strategic partnerships with large companies to better support startups. Today, strategic partners of Start it @KBC are Accenture, DPG Media, KBC, and Telenet. Since 2019, Start it X also immerses intrapreneurs of corporate companies in the Start it @KBC network.  

Startups who want to participate in the one-year Start it @KBC acceleration program and wish to make free use of mentoring, network, workshops and co-working spaces, can apply throughout the year via the website: www.startit.be

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