frequently asked questions

WOMB is a unique cross-sector innovation, acceleration and incubation program, where entrepreneurs from all over the world, from different sectors of activity – agrifood, sea, health & nutrition  and tourism & gastronomy – will have an unparalleled experience to design and validate their business models.

The aim is to foster the creation of added value startups or develop disruptive new businesses within existing companies.

Innovation phase: the chance to have an improved idea by using disruptive techniques (design thinking, cross-innovation), mentores, etc.

Acceleration phase: the chance to have your idea validated by potencial customers, potential partners, investors, mentors.

Incubation phase: by having access to our incubators’ services, you’ll have the chance to grow your idea.

No but someone in your team needs to have competences in one of the following transversal sectors: bioeconomy, biotechnology or ICT.

When you apply you chose one of the challenges of one of the sectors. Then if you are selected to the program you will receive inputs of the other sectors.

Yes, WOMB will be held in Lisbon.

Before you apply to the program, you need to be 100% committed to be spending at least 8 weeks in Lisbon.

Please go to the “apply here” menu or click here.

The selected teams will be announced in October

On a first stage, all applications will be evaluated by WOMB team: Bluebio Alliance, DNA Cascais, Healthcare City, INOVISA and Tec Labs. After this,  a jury composed by WOMB partners and sponsors will evaluate a short list of applications.

First, you have to be on a team of, at least, two elements with a background on one of the sectors. We’ll also take into account if one of the elements has competences on one of these topics: bioeconomy, biotechnology or ICT.

And secondly, your idea/project must find a solution to one of the challenges proposed by the program.

Innovation phase: 35 teams

Acceleration phase: 20 teams

Incubation phase: 10 teams

Yes, you’re not obliged to have a company already established.

Yes, the selected teams will pay a fee of 250€ per team. This amount will revert to the Grand Prize and to the Collaboraboration Prize.

WOMB directly will not invest in your company but if you become one of the winners you’ll have the opportunity to be invested by one of WOMB’s investment partners.

WOMB will take 9 months but not continued-based and is divided in 3 phases:

  1. Innovation Phase: November-December
  2. Acceleration Phase: January-March
  3. Incubation Phase: March-July

Please be aware that there will be cuts between phases (see question 9).

Yes, WOMB will accept citizens from all countries in the world.

Just be aware that if you’re not from a European country probably you’ll need a visa.

We don’t get directly involved with visas, but we have a mailing list of people that can give you some advice on this matter.