Terms And Conditions
OVERVIEW: Seedstars World (“SSW”) is a seed stage startup competition (“Competition”) designed to provide early stage funding, global visibility, mentoring and an international network to entrepreneurs and startups predominantly from emerging markets. The competition offers up to $1.5 million in total prize funding and approximately $5 million in services and other prizes to contestants. Local events are to be held from May to December 2015 in approximately 50 countries as listed on the website www.seedstarsworld.com (“Local Events”). Winners of the Local Events are invited to the final event to be held in Switzerland in February/March 2016 (“Final Event”).
ELIGIBILITY: The Competition is open to all persons who are 18 years or older and who are citizens or legal residents in any country in which one of the Local Events are being held. Applicants may only submit an application to one Local Event.
To apply to the Competition, the startup (“Startup”) must adhere to the following criteria to apply:
- The Startup must have been launched within the last 2 years
- If the Startup has received external funding, it can only be up to USD 0.5m
- The Startup must have a demonstrable product or service (Minimum Viable Product, MVP)
- The founders of the Startup must be prepared to talk about it in public
- Pitch and application documents must be in English or you must provide a translator
- The Startup can be across any field or sector but must be for profit
COMPETITION MECHANICS: Applicants require an invitation code to submit a full application. Invitation codes can be obtained from SSW local partners or by submitting a preliminary application and being invited by SSW to apply. Occasionally SSW will use external party websites to source applications and then provide invitation codes to selected startups to apply to the Competition. SSW has full discretion to select and invite the applicants to attend and pitch at the Local Events. Local Events are public and require each selected applicant to pitch an idea in up to 6 minutes and respond to questions from the judging panel for up to 4 minutes. Timing is subject to change and SSW is not responsible for any technical error or disruptions. One winner from each Local Event (“Local Winner”) will be selected by the judging panel to attend the Final Event. The Final Event is expected to be one week in Switzerland and consist of a bootcamp, semi-final and final event. Decisions of the judging panels at each stage of the competition are final and non-negotiable. For more information on the events see the SSW website.
TECHNICAL FACTORS: SSW and its partners are not responsible for late, lost, delayed, damaged, misdirected, incomplete, illegible or unintelligible entries, which will not be accepted, or for any problems or technical malfunction of any telephone network or lines, computer online systems, servers, service providers, computer equipment, or software, failure of any e-mail or entry received by SSW on account of technical problems or traffic congestion on the Internet, problems with any of SSW’s websites or external party website, or any combination thereof, including any injury or damage to the entrant’s or any other person’s computer resulting from downloading any materials in connection with SSW and the Competition. Additional, multiple, and/or mechanically generated entries will be disregarded and may result in total and permanent disqualification from the Competition. There is a limit of only one entry per business entity (or by an affiliated group of business entities).
LOCAL WINNER PRIZES: SSW may offer each Local Winner various prizes. Typically the Local Winner prize is for one person from the startup and includes a return flight to Switzerland, accommodation during the Final Event and the coverage of several other expenses as communicated separately. Additional prizes such as free access to services, cash grants or otherwise may also be distributed but are subject to change and may be different at each Local Event. The prizes are not transferable to another individual and no cash or other alternatives will be offered. Local Winners are responsible for expenses and arrangements not specifically included in the prizes, including any necessary travel documents, passports and visas. Prizes are subject to availability and SSW reserves the right to amend or alter the prizes or revoke prizes from participants not entering into the spirit of the competition.
NO CONFIDENTIALITY: All entries become property of SSW and will not be acknowledged or returned. By submitting an entry, each entrant agrees (a) to abide by the terms of these terms and conditions (the “Terms”), (b) there is no reasonable expectation that the contents of its application are confidential information and that none of the sponsors, SSW, the Competition judges, and/or panelists will be under any obligation to treat such application and its contents as confidential information, and (c) to grant SSW a worldwide, royalty-free, perpetual, irrevocable, non-exclusive license and full right to use, reproduce, modify, conform, adapt, publish or transmit such information submitted.
INDEMNIFICATION: The entrant agrees to indemnify all sponsors, SSW, the Competition judges, and/or panelists for all damages, liabilities, claims, costs, charges and expenses, including, without limitation, reasonable attorneys’ fees that sponsors, SSW and/or Competition judges, or panelists may incur as a result of any claims brought relating to any application, including, without limitation, its contents.
PARTICIPATION: Employees of SSW are ineligible. Participation in the competition constitutes an agreement by each entrant to comply with these rules. SSW reserves the right to cancel or modify the Competition if it determines, in its sole discretion, that fraud, technical failure, other errors has compromised the integrity of the Competition. SSW and the sponsors will not be responsible for typographical, printing or other inadvertent errors in these Terms or in other materials relating to the Competition.
LIMITATIONS OF LIABILITY: By entering the Competition, each entrant agrees that (1) any and all disputes, claims, and causes of action arising out of, or in connection with, the Competition, or any award granted shall be resolved individually without resort to any form of class action; (2) any claims, judgments and awards shall be limited to actual out-of-pocket costs incurred, including costs associated with entering the Competition, but in no event attorney’s fees; and (3) entrants hereby waive all rights to claim, (i) punitive, incidental or consequential damages, (ii) any and all rights to have damages multiplied or otherwise increased, and (iii) any other damages, other than damages for actual out-of-pocket expenses, or any award of equitable relief, including injunctive relief or an award of specific performance.
GENERAL RELEASE: By entering the Competition, each entrant releases SSW, the sponsors, Competition judges, and panelists and their respective parents, affiliates, directors, officers, employees, representatives, partners and agents, from any liability whatsoever for any claims, costs, injuries, losses or damages of any kind arising out of, or in connection with, the Competition or the acceptance, possession, use or misuse of any award (including, without limitation, claims, costs, injuries, losses or damages related to personal injuries, death, damage to, or loss or destruction of, property, rights of publicity or privacy, defamation or portrayal in a false light).
USE OF PERSONAL INFORMATION: SSW collects information you submit in connection with the Competition such as name, address, e-mail address, phone number, fax number or any other data provided by you that can be used to identify or locate a person (“Personal Information”). Personal Information may be used by SSW and the Competition sponsors and their respective affiliates in connection with: the Competition, to provide you with information about new products or services, to send you survey invitations for existing or new products or services, to improve our products and services, and other internal business purposes. We may also share the Personal Information as required by law or in connection with a sale, merger or other reorganization of all or part of our business. If Personal Information you have submitted is no longer current or complete, and you wish to update it, please submit your changes to firstname.lastname@example.org.
By accepting the Terms, you consent to the collection and use of the Personal Information as described in this Section as well as receipt of e-mail communications from SSW, the Competition sponsors and their affiliates. If you do not want us to collect, use and share the Personal Information or receive e-mail communications, please discontinue your use of the SSW site and refrain from participating in the Competition.
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