1.1    These terms and conditions (“Terms”) contain the terms and conditions that govern the application for participation of yourself and of the entity you represent (“you”) in the 1st edition of the Labena Ventures acceleration program (“Labena Ventures Program”). These Terms take effect when you check the box presented with these Terms or submit your application, whichever happens first. You represent to us that you are lawfully able to enter into contracts, and that you have legal authority to bind that company or entity for which you are entering into these Terms for.


2.1    We are Labena Ventures d.o.o. (“Labena Ventures” or “we”) a company, currently in the procedure of being established in Slovenia as a subsidiary of Labena d.o.o. (“Labena d.o.o.”), a company registered in Slovenia under company number: 5699479000 with business address Verovškova ulica 64, 1000 Ljubljana, Slovenia. In the period between the publication of the tender for Labena Ventures Program and establishment of Labena Ventures, the latter although not yet legally established shall assume all responsibility and liability for all and any obligation under these Terms to the extent legally permissible. In the event that Labena Ventures is unable to assume such responsibility, Labena d.o.o. shall assume liability for any obligations contained in these Terms. Upon the establishment of Labena Ventures, it shall assume all rights and responsibilities, contained in these Terms.

2.2    To contact us, please send an email to hello@labenaventures.com.


3.1    Labena Ventures Program is an acceleration program promoted by Labena with the aim of supporting and empowering teams/startups in the field of Biotech, Healthtech, Medtech, Pharmatech, Food and Environment (“Targeted Fields”).


4.1    Labena Ventures Program aims to strengthen innovation and the entrepreneurial ecosystem in the Central and Eastern European Countries (CEEC). In this regard, the focus is on finding, selecting, and promoting entities that can offer innovative solutions at the international level.
4.2    The Labena Ventures Program’s network of partners, including entrepreneurs, global companies, investors, universities, research and technological centres and the scientific community, public authorities, among others, offers significant advantages to the participants, transforming research into products and startups into globally competitive companies.


5.1    To apply to the Labena Ventures Program:

(a)    you must be a part of a team or a small and medium-sized enterprises (SMEs) (»Startup«), consisting of at least 2 co-founders;

(b)    the Startup must be formed or established after 2015; and

(c)    each member of the Startup must aged 18 or more;
5.2    The Labena Ventures Program is opened to Startups of any nationality. Labena Ventures takes no responsibility for the immigration status of Startup members. It is the responsibility of the Startup and its members to be legally present where the Labena Ventures Program and its events take place.


6.1  Startups wishing to apply to the Labena Ventures Program (“applicants”) must submit their application files online via the F6S platform, available at https://www.f6s.com/labena-ventures-cohort-spring-2024/apply or via Vestbee platform, available at https://app.vestbee.com/org/labena-ventures. Applications sent through other channels will not be accepted. Submitting an application does not constitute admission into the Labena Ventures Program, and Labena Ventures may accept or reject any application, in its sole discretion.


7.1    Labena Ventures Program shall commence on 01/12/2023 at 8.00 AM CET and the applicants must submit their application no later than 20/02/2024 at 11.59 PM CET.

7.2    All applications shall be reviewed by selection committee, comprised from experts recognized for their competence in the Targeted Fields (“Selection Committee”).

7.3    The Selection Committee shall by 29/02/2024 choose up to 40 applicants, which will be invited to take part in the bootcamp, taking place between 11/03/2024 and 13/03/2024 in the city of Ljubljana, Slovenia (“Bootcamp Phase”). Labena Ventures shall inform the applicants of their decision on applicants, proceeding to the Bootcamp Phase by 01/03/2024. Labena Ventures shall cover cost of accommodation in Ljubljana during the Bootcamp Phase for one representative of each applicant, taking part in the Bootcamp Phase.

7.4    On the last day of the Bootcamp Phase, the Selection Committee shall choose up to 10 applicants, which will be invited to take part in the acceleration phase of the Labena Ventures Program (“Acceleration Phase”), which will take place between 15/03/2024 and 15/05/2024.


8.1    When choosing the applicants for participation in Bootcamp Phase and Acceleration Phase, the Selection Committee shall take into account the following criteria, related to the applicant or the project with which the applicant is taking part in the Labena Ventures Program (“Project”) (including but not limited to):

(a)    management and key personnel credentials and ability of the applicant to deliver; co-founders should have complementary, diverse, cross-functional skills and be able to demonstrate why they are a good team for the problem they are solving;

(b)    market need and commercialization potential of the Project;

(c)    Project’s potential for revenue generation and/or partnership with a strategic partner within two to three (2-3) years after the Project start;

(d)    business model and traction of the Project; Project should have a vision monetization strategy and an efficient, scalable business model;

(e)    viable implementation methodology and capabilities;

(f)    Project’s prospects for attracting private investors;

(g)    technology and implementation risk management of the Project.


9.1    All chosen applicants must (including but not limited to):

(a)    ensure attendance and participation of at least one co-founder in Ljubljana during the Bootcamp Phase;

(b)    ensure the online attendance and participation of at least one member of the chosen applicant during the 3 to 4 months of the Acceleration Phase;

(c)    publicly announce, share and promote their participation in the Labena Ventures Program in all written and oral communications, including social networking (Twitter, LinkedIn, Facebook, Instagram etc.), related to the Project;

(d)    attend and participate at workshops and mentoring activities for the duration of the Labena Ventures Program.
9.2    The applicants, chosen for participation in the Bootcamp Phase must confirm their participation within 2 (two) business days after receiving the notification of their selection. Additionally, all chosen applicants must, in order to proceed to Bootcamp Phase, sign a separate agreement, regulating their rights and obligations in the Labena Venture Program.


10.1    If you are accepted into the Labena Ventures Program, you may receive certain benefits from time-to-time as determined in Labena Ventures’ sole discretion, and as described on the Labena Ventures’ site, such as, but not limited to: mentoring; free participation in Labena Ventures events; access to Labena Ventures network; access to Labena Ventures’s research facilities and office infrastructure, benefits and perks offered by partners, sponsors, customers and other stakeholders of Labena Ventures or Labena Ventures Program etc. You will be deemed to have accepted any additional terms and conditions, as applicable, before receiving these benefits. All Labena Ventures Program benefits you receive are personal to the Startup you represent. You may not sell, license, rent, or otherwise transfer any Labena Ventures Program benefits.


11.1    Labena Ventures will collect and process certain personal data from Participants during and after Labena Ventures Program, in accordance with all applicable data protection laws. Participants should refer to the privacy notice for further details on how their personal data will be processed.


12.1    By submitting your application, you guarantee that you own the right, title and interest in and to all intellectual property created by you and any third parties and shared as part of your application / Project, including, but not limited to, all logos, trademarks, names, ideas, concepts, creative materials, promotional materials, advertising, and graphics, including all copyrights and proprietary rights therein, and any inventions and discoveries first conceived or developed, whether or not protected by patent, trade secret or copyright.
12.2    Labena Ventures shall own no right, title and interest in and to all intellectual property created by you and any third parties and shared as part of your application / Project, including, but not limited to, all logos, trademarks, names, ideas, concepts, creative materials, promotional materials, advertising, and graphics, including all copyrights and proprietary rights therein, and any inventions and discoveries first conceived or developed, whether or not protected by patent, trade secret or copyright.


13.1    When submitting an application, applicants will be required to share sensitive information about their Startup and its members/employees. All information contained in applicant’s application and its content, included in the answers to the questions in the application form, and all accompanying documentation and information, as well as any sensitive information, shared during the Bootcamp Phase and Acceleration Phase, will be treated as confidential information (“Confidential Information”). This Confidential Information can include but is not limited to information about applicant’s business, business model, revenue, segments, customers, competitors, technology, product, marketing, sales, personnel, markets, cost, profit and loss, cash flow, financial statements, investments, and any business or technical plans and forecasts, as well as information about individuals such as the educational and professional background of the team members.

13.2    Labena Ventures will treat the Confidential Information with a reasonable degree of care and safeguards.
13.3    Labena Ventures will restrict access to the Confidential Information to employees, contractors (including Selection Committee) and third parties as is reasonably required. Labena Ventures shall ensure that people with access to Confidential Information are bound by similar non-disclosure restrictions.
13.4    Labena Ventures will not disclose, without the prior written approval of the applicant in question, the Confidential Information in any form to any third party other than those stated above, or make any commercial use of the information.
13.5    The Confidential Information will be treated as confidential for a period of 5 years from the application date or until the applicant provides a written notice that the Confidential Information should no longer be treated as confidential or until the information becomes public knowledge.
13.6    This non-disclosure clause does not apply and will no longer apply to any information that was known to Labena Ventures, without an obligation to keep it confidential, before it was disclosed to Labena Ventures by applicant; and is or becomes lawfully available to Labena Ventures from another source than Applicant.


14.1    Labena Ventures may change (in whole or in part), postpone or discontinue the Labena Ventures Program or any aspect of it, including these Terms at any time in our sole discretion (with or without prior notice to you), including without limitation, changing or discontinuing any benefits offered under the Labena Ventures Program. We may update this site or send you an email using the email address provided to us in your application for the Labena Ventures Program to reflect any changes to the Labena Ventures Program. Unless stated otherwise, any changes to the Labena Ventures Program will become effective at the time we update this site with the change, or if we send you an email, as stated in the email message. It is your responsibility to check this site regularly for modifications to these Terms. We last modified these Terms on the date listed below.
14.2    By continuing to participate in the Labena Ventures Program after those changes become effective, you agree to be bound by and comply with the revised Labena Ventures Program including these Terms. If you do not agree to the revised Terms, in whole or in part, it is your sole responsibility to discontinue your participation in the Labena Ventures Program.


15.1    Labena Ventures reserves the right to, at any time, at their own discretion, exclude from the Labena Ventures Program any applicant who engages in immoral, illicit, or illegal conduct, including activities that violate these Terms, including but not limited to lying, deceiving, cheating, engaging in any criminal activity (whether or not related to the Labena Ventures Program) and/or any activity that, in the sole discretion of Labena Ventures, may adversely affect the Labena Ventures Program, other participants, the image of Labena Ventures Program, or any of our affiliates or sponsors. Furthermore, Labena Ventures reserves the right to, at its sole discretion and for any reason, remove or disqualify any chosen applicant from the Labena Ventures Program.
15.2    If your participation in the Labena Ventures Program is terminated for any reason:

(a)    all licenses granted by you or us arising from your participation in the Labena Ventures Program shall immediately terminate; and

(b)    you will immediately cease use of all Labena Ventures Program benefits; and

(c)    you will no longer identify yourself or hold yourself out as a Labena Ventures Program participant.


16.1    Labena Ventures Program and any benefits or other materials that may be offered through the Labena Ventures Program or on this site are provided “as-is.” We make no express or implied warranties or representations with respect to the Labena Ventures Program or any benefits or other materials that may be offered through the Labena Ventures Program or on this site.
16.2    Where our site contains links to other sites and resources provided by third parties, these links are provided for your information only. Such links should not be interpreted as approval by us of those linked websites or information you may obtain from them. We have no control over the contents of those sites or resources.


17.1    Labena Ventures:

(a)    shall not be liable for any damages that you might incur as a result of participating in the Labena Ventures Program;

(b)    shall not be liable for any indirect, punitive, special, incidental or consequential damage (including, but not limited to, loss of business, revenue, profits, use, privacy, data, goodwill or other economic advantage) through your participation in the Labena Ventures Program, however it arises, even if the possibility of such damage has been previously advised of; and

(c)    shall not be liable for any claims by a third party, including, but not limited, to any misleading statements made and/or incorporated into any content provided by third parties, such as applicants.


18.1    All provisions of the Terms which by their nature should survive termination shall survive termination, including, without limitation, intellectual property provisions, disclaimers, limitations of liability, privacy clauses and confidentiality clauses.


19.1    These Terms, any contract that incorporates them, and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with them or their formation, are governed by the laws of Slovenia. You agree that the courts of Slovenia will have exclusive jurisdiction.
Last updated on 30/11/2023.