Frequently Asked Questions

What does Discoveries have to offer me?


Discoveries offers you 8 bootcamps that will follow the unique FastStart methodology from Fábrica de Startups, access to the Fábrica de Startups community, a network of mentors, startups and investors, an amazing co-working space where help, advice and encouragement is shared but mostly you’ll have a lot of fun growing and hacking your business with us!




What are the benefits of participating in Discoveries?


Discoveries is an acceleration program that will bring intense training and growth to your business in just a month. You will be in touch with the most important tourism entity: Turismo de Portugal, as well as have access to mentors and investors. Besides being a great way to develop your business, you will be living in Lisbon or Oeiras, meeting new people at the high pick of tourism and integrating yourself into an exciting, growing ecosystem. The organization will support travelling and accommodation expenses to the selected teams. All expenses have to be fiscally accepted. These are the covered expenses: - Transportation (public transportation, flights, etc.) - Accommodation. Car expenses and fuel won't be accepted. All invoices must include Fábrica de Startups' fiscal data: name FABSTART – Fábrica de Startups, SA. and tax number 510 138 110.




Does the business idea have to be in the Tourism Industry?


We are looking for ideas mainly in the following fields: productivity, cities, mobility, community, hospitality, entertainment, ecommerce, big data, crowd sourcing, software as a service, market places, and augmented reality. However, if the idea is applicable to the Tourism Industry it will bring value to your application. Example: a big data project that could serve the Hotel industry.




How many members of the team can participate? Can I apply individually?


Discoveries does not have a maximum limitation of participants per team, but there is a minimum of 2 people per team. Additionally, we strongly recommend that at least one of the participants attending is a founder.




Are there any application restrictions?


We have very few restrictions: no legal persons or trademarks can apply and you must apply as a team.




Can I participate in part-time?


Discoveries will be a very intense acceleration program that requires full-time commitment. We recommend participants attend in person all bootcamp sessions, and get ready to tackle a lot of homework.




Where can I apply?


You can apply through our website, where you can also find further information on the program. You can also click on APPLY right above in the main menu.




Does my company have to be incorporated?


No, your company does not need to be incorporated yet.




What is the program calendar?


June 2020: Applications Open 22nd December 2020: Applications Closed 5th January 2021: Results Announced Bootcamps: 2nd February: Business Model Canvas 5th February: Customer Segment 9th February: Value Proposition 12th February: Channels & Relationship with Clients 16th February: Revenue Streams 19th February: Key Activities, Resources and Partners 23rd February: Cost Structure 26th February: How to Pitch 3rd March: Final Pitch




When will I know if my Startup has been accepted into Discoveries?


The evaluation and selection process will happen as applications are submitted. After analysis of a team’s application, the best applicants will be selected for an interview, via Skype. All selected teams will be notified until the 25th of May.




What is the cost of the program?


The program is free, but you will have to incur travelling, accommodation and living costs in Lisbon for a month. The organization will support travelling and accommodation expenses to the selected teams. All expenses have to be fiscally accepted. These are the covered expenses: - Transportation (public transportation, flights, etc.) - Accommodation. Car expenses and fuel won't be accepted. All invoices must include Fábrica de Startups' fiscal data: name FABSTART – Fábrica de Startups, SA. and tax number 510 138 110.




Do you take equity from the startups?


No.




Can you tell me more about what I can expect from the day-to-day at Discoveries?


Bootcamps: workshops made by Fábrica de Startups and guest speakers, about the work to be developed in the subsequent week, following Fábrica de Startups’ Lessons Learned: presentations made by the teams on their business model validations and adaptation reports of the work that have been carried out during the previous bootcamps. Mentorship: mentorship session, where teams are accompanied by experienced mentors that will periodically meet with the team during the four weeks Guest Speakers & Specific Training: experts that join the session to give insights on specific topics as: User Experience, Legal and Finance, Digital Marketing, etc. Social events: after-hours events and field activities that will make Discoveries an unforgettable experience




Does Discoveries take care of the flight to Lisbon?


No, you will have to schedule it on your own.




Does Discoveries take care of my accommodation?


No, but in case you are accepted we can assist you in finding affordable accommodation for your stay as well as providing you with some discounts.




Do I need a travel VISA? Who takes care of it?


If you come from a EU country, you will not need a travel VISA. If you come from countries outside the EU, check here to see whether you will need a visa. We will not handle visa arrangements.




Who takes care of my travel insurance?


All the participants are responsible for arranging their own travel insurance prior to the arrival.




How do I move around Lisbon during the whole acceleration program?


Lisbon is a very nice walking city, and you can get pretty much anywhere by walking. However, we have a Metro, Bus and Tuk-Tuk network that have accessible prices. The bootcamps will take place in Oeiras which is 20 minutes from Lisbon. The fastest way to get there is by train or by car.




Can I use my credit card?


Yes, but not every location has the option of paying with a card. So you will probably need to have cash with you most of the time.




What is the currency in use in Portugal?


Euros (€)





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