How the EIC Women Leadership Programme helped FeJuice CEO Bojana Mumović shift strategy, delegate and expand

Brussels, March 3rd 2025
Summary
  • Bojana Mumović, CEO and cofounder of Serbian startup FeJuice, credits the EIC Women Leadership Programme with sharpening her leadership and strategic focus.
  • FeJuice develops functional food approaches to prevent iron deficiency anemia and is a Women TechEU beneficiary.
  • The EIC Women Leadership Programme mixes cohort training, one to one mentoring and business coaching but it does not provide direct funding to participants.
  • The EIC positions the programme within a wider set of Business Acceleration Services that claim large outreach and matchmaking results, although many impact indicators are self reported.

From juggling roles to delegating strategy: one founder’s account of the EIC Women Leadership Programme

As International Women’s Day approaches the European Innovation Council highlighted women innovators who have taken part in its Women Leadership Programme. This profile focuses on Bojana Mumović, CEO and cofounder of FeJuice, a Serbian startup that targets iron deficiency anemia with functional food products. Mumović describes how participation in the programme helped her clarify priorities, delegate operational work and expand her business activity internationally. Her account illustrates the role that publicly supported leadership programmes can play for women founders while raising questions about how impact is measured and how much practical support these programmes provide beyond training and networking.

The entrepreneur and the product

Bojana Mumović combines a marketing and entrepreneurship background with leadership of a health-focused deep tech startup. FeJuice aims to offer functional food solutions to prevent iron deficiency anemia without the gastrointestinal side effects commonly associated with iron supplements. The company is a Women TechEU beneficiary. Mumović says her role is to translate scientific innovation into consumer products with strong market fit and to ensure those products reach people at risk of iron deficiency.

Iron deficiency anemia explained:Iron deficiency anemia is one of the most common nutritional deficiencies worldwide. Symptoms range from fatigue and reduced cognitive performance to complications during pregnancy. Prevention strategies include dietary diversification, fortified foods, and supplements. Functional food approaches seek to incorporate bioavailable forms of iron into everyday foods or drinks while minimizing side effects and addressing consumer acceptance issues.
FeJuice’s approach in brief:FeJuice positions itself in the intersection of nutrition science and consumer products. Functional food products require attention to formulation, stability, taste and regulatory compliance. Moving from laboratory proof of concept to a marketable consumer product typically requires pilot manufacturing, taste and safety testing, supply chain design and regulatory navigation.

Why Mumović joined the EIC Women Leadership Programme

Before joining the programme Mumović was balancing two companies and parenting two children as a single mother. She describes the decision to apply as driven by the need for practical leadership tools and peer support. After participating she reports gaining greater clarity on strategic priorities, learning to delegate more of the day to day operations and making concrete moves such as opening an agency in Dubai to support expansion.

Her testimony stresses interpersonal benefits of the cohort model. She highlights the reassurance of meeting other women founders facing similar constraints and the energising effect of being part of an engaged peer group. She also lists specific training topics she found useful including energy management, storytelling, leadership styles and tools relevant to raising investment.

What the EIC Women Leadership Programme offers and what it does not

Programme components:The EIC Women Leadership Programme provides tailored training sessions, networking events, a personal mentoring scheme and business coaching. Training topics range from negotiation and pitching to leadership and team management. Mentors are senior executives, entrepreneurs or investors matched to participants. Business coaches support concrete company challenges and market strategy.
Coaching and mentoring logistics:Participants can access business coaching from the EIC pool with an entitlement of three coaching days broken into multiple sessions. Mentoring arrangements typically involve biweekly meetings over a six month period and a preliminary speed dating exercise to seed matches. The programme also includes both virtual sessions and an in person kick off bootcamp in Brussels tied to EU Research and Innovation Days for some cohorts.
What it does not provide:The Women Leadership Programme is a skills and network building service. It does not provide financial grants or cover travel and accommodation costs for in person events. Participation is time bound and participants are expected to attend at least 85 percent of training sessions to receive a completion certificate. Direct funding to companies can come from other EIC or EIT instruments such as Women TechEU which offers a separate grant of EUR 75 000 for selected deep tech startups led by women.

Eligibility and application timing

The programme is open to women researchers and entrepreneurs from the EIC and EIT communities. Advanced entrepreneurial cohorts target experienced women leaders in cofounder or c suite roles while researcher cohorts support women who want to translate research into businesses. Applications for cohorts open as calls on the EIC Community platform. For example the 9th cohort had application steps and a timeline in 2025 with an introductory workshop in June and a kick off bootcamp planned for mid September 2025. The EIC indicates future calls may open in early spring 2026 for subsequent cohorts.

Eligibility shorthand:Applicants must be associated with an organisation that received EIC or EIT support under eligible instruments such as EIC Accelerator, EIC Pathfinder, EIC Transition, Women TechEU or selected EIT programmes. Candidates must show a direct role in the EIC or EIT funded project and be employed by the beneficiary throughout the programme. Non associated applicants are not eligible.

Where the Women Leadership Programme sits in the EIC ecosystem

The Women Leadership Programme is one offering within the EIC Business Acceleration Services. The EIC promotes a wide menu of support mechanisms that include investor readiness programmes, international trade fair participation, corporate partnership matchmaking and innovation procurement support. The EIC publishes impact figures for these services, but readers should note that many numbers are output measures rather than independently audited outcomes.

Service areaEIC published metricTimeframe or note
One to one meetings+20 000 meetings between awardees and corporates, procurers and investorsSince 2021
Deals and fundraising595 deals and EUR 350 million raised through investor outreachSince 2021
EIC Scaling Club fundraisingEUR 1.2 billion raised by members since joiningSince 2021
Trade fairs turnoverEUR 42 million turnover from trade fairsFigures since 2024 only
Innovation procurementEUR 7.7 million raised through procurement support out of EUR 28.4 million in tenders submittedSince March 2024 only
Pilot matches22 ongoing and 16 completed pilots supported with EUR 1.93 millionSince March 2024 only

The EIC also reports skills related outputs. For example it states that over 2 400 awardees and applicants were coached and that 90 percent of Women Leadership Programme alumnae reported increased entrepreneurial skills. These are useful indicators but they are largely self reported. They do not replace independent evaluation that tracks long term company survival, revenues or measurable job creation attributable to the interventions.

Practical outcomes reported by the founder

Mumović describes several concrete shifts after the programme. She says she began delegating operational tasks to focus on strategy. She opened an agency in Dubai to support growth and reported working fewer hours while maintaining business performance and improving personal wellbeing. These outcomes are typical of founders who reorient their time allocation and build managerial capacity. They also depend on having a team to delegate to and on access to markets and customers that make expansion viable.

Mumović strongly endorses the programme and actively recommends it in her community. She acknowledges the time commitment but views the return on investment as high, particularly in terms of mindset shifts and access to a supportive peer network.

A measured view on claims and gaps

Public innovation services such as the EIC Women Leadership Programme play a legitimate role in addressing barriers that women founders face. Training, mentoring and networks can reduce isolation and accelerate founder learning. At the same time programme narratives should be read with healthy skepticism. Impact claims often rely on participant surveys. They do not always capture long term commercial outcomes or counterfactuals. Financial support for women led deep tech ventures is uneven across the EU and programmes that focus exclusively on skills cannot substitute for sustained access to capital, procurement opportunities and market validation.

What to check before applying:Confirm your eligibility as tied to an EIC or EIT beneficiary, check travel and time commitments, understand that the programme does not provide direct funding and that mentors and coaches are offered as services. If you need financial support look at complementary instruments such as Women TechEU or EIC funding lines.

How to follow up

If you are interested in the EIC Women Leadership Programme watch the EIC Community Platform for calls and the EIC BAS newsletter for updates. For questions about programme logistics contact the EIC Women Leadership Programme team via the EIC Community contact page or the WLP inbox indicated in programme materials. If you represent a startup consider also applying to Women TechEU or checking EIC Accelerator and other Horizon Europe instruments that provide funding and business acceleration services.

Mumović’s story is a useful case study for how cohort based leadership programmes can change founder behaviour. It also highlights that training plus coaching must be part of a broader support architecture that includes capital, regulatory clarity and access to customers before claims about systemic change can be substantiated.