ZOL Startup Challenge Terms & Conditions – October 2014
1. DESCRIPTION: The ZOL Startup Challenge is designed to reward and provide necessary resources to participants working on an innovative startup idea with strong market potential.
2. The Challenge is financed by ZOL Zimbabwe (“ZOL”), a Zimbabwean company with principal place of business at 3rd Floor, Greenbridge, Eastgate, Harare, Zimbabwe.
3. The Challenge is managed by NMM Web Services (Pvt) Ltd, a Zimbabwean company with principal place of business at 46 Mt Pleasant Drive, Mt Pleasant, Harare, Zimbabwe.
4. BINDING AGREEMENT: By entering the challenge, a participant is agreeing to these Terms and Conditions (“Terms”). Therefore, please read these Terms prior to entry to ensure you understand and agree.
5. ELIGIBILITY: The Challenge is open to individuals, teams of individuals, and business entities (each startup is referred to as a “Participant” in these Terms) in Zimbabwe.
6. REGISTRATION: All Participants must provide certain registration information when submitting an Entry, including but not limited to full name, mobile phone number, working email address. (“Registration Information”).
7. SEMI-FINAL ROUND JUDGING: finalists for the finals will be selected at the ZOL Startup Challenge semi finals event to be held on 10 October 2014. Up to 12 highest-ranking applications will be selected at this event. Judges will review and assign each entry a score. The highest ranking applications will advance to the Finals to be held from 7 – 8 November alongside the Surge Conference.
8. SELECTION: The final score for each startup will be based on the scores returned by the Judges. Startups with the highest composite scores will be designated the overall startup and the team will receive. The cash will be managed and disbursed to the startup over a period of time based on periodic reports.
Selection rewards the most innovative, scalable and businesses that show the greatest promise for profitability.
9. The winning teams will be announced on 8 November 2014.
10. GENERAL CONDITIONS: The seed investment is awarded without warranty of any kind from ZOL and Techzim, express or implied, without limitation, except where this would be contrary to Zimbabwe’s laws or regulations.
11. INTELLECTUAL PROPERTY RIGHTS: As between ZOL, Techzim and the Participant, the Participant retains ownership of all intellectual and industrial property rights in and to the Entry that Participant had before submission.
12. PRIVACY AND PUBLICITY: Participants agree that personal data entered during the registration, including name, phone number, and email address may be processed, stored, and otherwise used for the purposes and within the context of the Challenge.
13. WARRANTY AND INDEMNITY: All Participants warrant that their Entries are original and that they are the sole and exclusive owner and rights holder of the submitted Entries and all included content, that no third parties will make any challenges or claims as to ownership or fraud, and that they have the right to submit the Entries in the Challenge and grant all required licenses.
To the maximum extent permitted by law, each Participant indemnifies and agrees to keep indemnified ZOL and Techzim at all times from and against any liability, claims, demands, losses, damages, costs and expenses resulting from any act, default or omission of the Participant and/or a breach of any warranty set forth herein.
14. ELIMINATION: Any false information provided within the context of the Challenge by any Participant including information concerning identity, telephone number, email address, or ownership of right, or non-compliance with these Terms, or the like may result in the immediate elimination of the Participant from the Challenge. ZOL and Techzim further reserve the right to disqualify any Entry that it believes in its sole and unfettered discretion infringes upon or violates the rights of any third party, otherwise does not comply with these Terms, or violates Zimbabwe law.
15. FORUM AND RECOURSE TO JUDICIAL PROCEDURES: These Terms shall be governed by, subject to, and construed in accordance with the laws of the Republic of Zimbabwe. If any provision(s) of these Terms are held to be invalid or unenforceable, all remaining provisions hereof will remain in full force and effect. To the extent permitted by law, the rights to litigate, seek injunctive relief or make any other recourse to judicial or any other procedure in case of disputes or claims resulting from or in connection with this Challenge are hereby excluded, and all Participants expressly waive any and all such rights.
Enter your startup in the ZOL startup challenge here.