The management of the organic fraction of municipal solid waste (OFMSW), also called urban biowaste, and urban wastewater sludge (UWWS) represents a challenge for cities and regions, which want to adopt innovative urban bioeconomy approaches for their treatment and production of high-added-value products beyond the traditional anaerobic digestion (AD) and compost. This adoption is often restricted by the availability and maturity of technologies. The research object of this manuscript, based on the findings of EU Horizon 2020 project HOOP, is the identification of state-of-the-art circular technologies for material valorisation of OFMSW and UWWS, following a novel screening methodology based on the scale of implementation (tested at least at pilot scale). The screening resulted in 25 technologies, which have been compared and discussed under a multidisciplinary assessment approach, showing their enabling factors and challenges, their current or potential commercial status and their compatibility with the traditional technologies for urban biowaste treatment (composting and AD). The bioproducts cover market sectors such as agriculture, chemistry, nutrition, bioplastics, materials or cosmetics. Therefore, the results of this review help project promoters at city/region level to select innovative technologies for the conversion of OFMWS and UWWS into high value products.