Accelerate2030 – 2017 Edition
TERMS & CONDITIONS OF APPLICATION AND PARTICIPATION
By submitting a form to participate in the Accelerate2030 Programme (“Application”), each Venture (as defined below) agrees that it will be fully bound under the following terms and conditions (“Terms and Conditions”) in connection with its submission of an Application, and if selected, participation in the Programme. All materials submitted are original and have been created by or on behalf of such Venture (or that all necessary rights have been secured and disclosed in the event others developed them).
Except where prohibited by law, participation in the Application process or Programme constitutes the Venture’s consent for Accelerate2030 to use of the Venture’s name, any of its’ employee or agent names or likenesses, and other entry information from the Application, other than the Venture’s business plan, for any purpose in any media without further payment or consideration.
We reserve the right to update these Terms and Conditions at any time, with or without notice. A Venture’s continued participation in the application process or the Programme shall constitute acceptance of these changes to the Terms and Conditions.
SECTION ONE – CONDITIONS OF APPLICATION
- The Timeline for Application and selection process is as follows:
- Applications open – 3 May 2017
- Application deadline – 11:59pm 18 June 2017
- National Nominees selected – 5 July 2017
- National nominee additional questionnaire deadline – TBD
- International Finalists announced – 17 July 2017
All references to time in these Terms and Conditions are to Central European Time (CET).
Applications must be submitted electronically via the application form at https://app.reviewr.com/s1/site//accelerate2030 before the Application deadline. The Programme Members may, in our sole discretion, vary or extend any time or date relevant to the selection process or Programme or consider an Application submitted after the Application deadline, but we have no obligation to do so.
- Eligibility Criteria
In order to be eligible to apply for the Programme, Ventures must meet the following criteria listed below.
- Must be registered and have operations in one of the participating countries: Colombia, Venezuela, Brazil, Mexico, Guatemala, Mali, Ghana, Rwanda, Zimbabwe, South Africa, Ukraine, Armenia, Turkey, Malaysia, Cambodia, Myanmar and the Philippines.
- Must be in continuous operation for at least 2 years as of your Application submission date.
- Must have activities and/or solutions that are focused on developing and/or transitioning countries.
- Must work on solving an important social and/or environmental problem and have solution(s) that are clearly connected to one or more of the Sustainable Development Goals (“SDGs”).
- Must have more than one paying customer at time of filing Application.
- Must have a solution with a strong potential for scaling to other countries.
- Must be unable to finance your international growth through internal resources.
- Must have revenues less than 5 Million USD in 2016 (or last 3 accounting years).
- Must have a minimum of 3 full-time employees of equivalent thereof (including founders and not including consultants/advisors).
The Programme Members may, however, in our sole discretion, consider other criteria such creating a diverse pool of Participants (e.g. business industry or stage of growth) or accept a Venture that does not satisfy all of the above listed criteria.
- Preparation of Application
Ventures have the sole responsibility for preparing Applications and any risk or cost incurred in doing so. Ventures are solely responsible for internet connectivity, costs and other requirements that are necessary to create and submit an Application.
Applications shall not:
- make any false or misleading claims, statements or other representations;
- engage in any collusion, anti-competitive conduct or any other similar conduct with any other person;
- use the improper assistance of any Programme Member employee, or any improperly obtained information; or
- violate any applicable laws regarding the offering of inducements.
- provide accurate and correct current and future information about the Venture assets, business or other affairs for the purpose of or in connection with the Application, the selection process and/or a Venture’s participation in the Programme; and
- identify and provide notice of any actual, potential or perceived conflict of interest that a Venture may have in relation to its Application or the Programme.
The obligations stated above also apply to a Venture’s conduct during the review and selection process and if selected, as a Venture-Participant during the Programme. If a Venture fails to meet any of these obligations or is unable or unwilling to resolve any conflict as required by us, a Venture’s Application may be excluded from further consideration or a Venture may be removed from the Programme. Any such decision to remove a Venture from the Application process or participation in the Programme are at the sole discretion of the Programme Committee or review committees and are final, binding and cannot be appealed or challenged.
- Selection Process
Applications meeting the minimum criteria outlined in these terms and conditions will be reviewed by Programme Members and review committees for potential selection and participation in the Programme. Programme Members will contact Ventures by phone or e-mail if more information or clarifications are needed about its Application at any stage during the review and selection process. Up to five Ventures will be selected from the eligible Applications that are registered in the same country (a “National Nominee” or “National Finalist”). All National Nominees must fill in an additional questionnaire in order to be eligible for selection as an International Finalist. Up to 15 of the eligible Country Nominees (“International Finalist”) will be selected by a jury consisting of persons as determined by the Programme Members and Partners for participation in the Programme.
All decisions of the review committees with respect to the Country Nominees, International finalists and Venture-Participants are made in the sole discretion of the review committees and are final, binding and cannot be appealed or challenged.
- Selection Criteria and Evaluation of National Nominees and International Finalists
The criteria used, and how the criteria will be applied, will be decided by Programme Members and review committee in their sole discretion, but it may include our assessment of a Venture’s:
- Clear problem definition and impact linked to the SDGs – The Venture’s solution is addressing a clearly defined problem, there has been measureable impact and there is potential to make considerable further impact on one or more of the SDGs and its targets.
- Innovative approach and collaborations – The Venture demonstrates an innovative approach in addressing the need and collaborations with government, private sector, academia, NGOs, and civil society are in place.
- Market and Scalability – There is clear evidence of market demand for the Venture’s product or service demonstrated by sales and market share for the last few years in the country of operation, and interest from partners or customers from other countries. The Venture’s solution and/or the business model can be replicated and scaled to other countries with an international growth plan and strategy for 2017-2019
- Social Dimension – The Venture has a clear focus to integrate underserved populations into supply chains, and/or as employees, and/or as customers and attempt to strive for equal opportunities (gender, race, religion, etc.). The Venture distributes, or plans to distribute, part of its profits for employees, and/or other social purposes.
- Team – The Venture has a team that demonstrates appropriate skills, languages, motivation, commitment, ambition, and absorption capacity from support to grow the venture and to scale their solution to other countries.
- Finance – The Venture has a successful track record in financing its operations and growth with a clear financing strategy for the next 2 or 3 years. The Venture is likely to become cash-flow positive from operations in the coming 1-2 years.
SECTION TWO: CONDITIONS OF VENTURE PARTICIPATION IN THE PROGRAMME
Each Venture-Participant will be able to partake in the Programme, pursuant to these Terms and Conditions. The Program Members may terminate or make changes to the Programme, for any reason at any time. If possible, Venture-Participants will be given reasonable notice of such termination or changes. The Programme itself consists of the following:
- Nine months of access to a support programme, which includes a Scaling Bootcamp workshop of one week or less (indicative) in Geneva, Switzerland for one employee of each Venture-Participant during the month of October (indicative) for the Scaling Bootcamp.
- In connection with the Programme, each Venture-Participant will receive for one employee: (i) one round-trip economy class airfare for the employee to Geneva; (ii) one modestly priced hotel accommodation for the duration of the Scaling Bootcamp which may be prearranged by the Programme Members or if not, must be pre-approved by the Programme Members in advance of booking. Venture-Participants are solely responsible for any other costs or expenses incurred with the Scaling Bootcamp. A cap on travel costs funded by the Programme may be imposed and if so, Venture-Participants will be given prior notice.
- Access to support from Programme Members after successful completion of the Scaling Bootcamp and in accordance with mutual negotiations and agreements made before, during, or after the Scaling Bootcamp between the Programme Members and each Venture-Participant.
- The opportunity, during or after the end of the Programme, for Venture-Participants to receive strategic investment by one or more of the Programme Members, however, such opportunities are not guaranteed.
- The opportunity for relationships between the Programme Members and Venture-Participants, which may be facilitated by Programme Managers, however, Programme Managers have no responsibility for the outcome of said relationships before, during, and after the Programme.
Any advice obtained by a Venture-Participant in connection with the Programme, including during the Scaling Bootcamp or otherwise from Programme Managers or the Programme Members is for informational purposes only and not for the purpose of providing business, accounting, or legal advice. Venture-Participants may not transfer or assign any benefits or opportunities it receives as a result of being selected to participate in the Programme.
- Programme Requirements:
Ventures selected to participate in the Programme:
- Must commit one employee that is proficient in business English, to attend the Scaling Bootcamp on the dates selected by the Programme Members.
- Consent for the Venture name, logo and brand as well any media collected during the Programme, including but not limited to photos, videos and recordings, information in an Application, presentation, description of Venture activities or other form to be associated with this Programme and used by Programme Members for any purpose including for communication purposes or to promote the Programme or themselves in any media type (including photos, videos, recording), at no additional cost to the Programme (Confidential Information is governed by Section Three-1).
- Must obtain written consent of the Programme Managers prior to issuing any press releases relating to the Programme, which approval shall not be unreasonably withheld.
- Must share requested information about its Venture and products with all Programme Members.
- Must commit to scheduling, attending and maintaining periodic calls with Programme Members based on agreements made, peer Venture-Participants in the Programme, Programme Managers, and with Venture mentors (Programme Members and potentially external persons) in the Programme.
- Must actively participate in Programme discussions.
- Must participate in a Programme evaluation after completion of the Scaling Bootcamp and continuously in specific time intervals as specified by the Programme.
- Must provide to all Programme Members and Managers the details of any relationships with individual Programme Members as a result of the Programme and, subject to the terms and conditions of your (if any) separate negotiations or agreements with those individual Programme Members, the output and results of such relationships. This information is to be provided at all times during the and the Programme and at the request of the Programme Managers after the Venture’s completion of the Programme.
- Must provide data and fill in questionnaires, surveys and evaluations on impact of the Programme as requested.
SECTION THREE: GENERAL
Any proprietary and confidential information (“Confidential Information”) submitted in an Application may be used in the review and selection process or the Programme and be shared with others including Programme Members, their affiliates and to their, and their affiliates’, respective directors, employees and advisors. All materials provided to us are deemed to be non-confidential and public, unless the materials are expressly indicated as “Confidential.” Ventures acknowledge and agree it is their sole obligation to mark Confidential Information as “Confidential.” To the extent materials provided to us are clearly marked as “Confidential,” we will use reasonable efforts to maintain the confidentiality of such materials. If you do not mark materials as “Confidential,” we will not be required to treat the materials as “Confidential” and will incur no liability for doing so.
- Ownership of Applications
All Applications are the sole property of the Programme. We may adapt, reproduce, publish, translate, create derivative works from, display, distribute or otherwise use the information or materials provided in an Application, including any Venture names, names, logos, description of activities, photos, videos, recordings in connection with the Accelerate2030 Programme.
- Intellectual Property Rights
By submitting an Application, each Venture (i) represents that it owns its product or service solution and that the use of the product or service solution does not infringe, misappropriate or violate the rights of any third party, including but not limited to intellectual property rights and (ii) acknowledges that the management and protection of the Venture’s intellectual property is the Venture’s sole responsibility, both during the application phase and if selected as a Venture-Participant, during its participation in the Programme.
- Programme Member Rights
The Programme Members reserve the right at any time and for any reason to do any of the following:
- suspend, vary, amend or cease to proceed with the Programme selection process or Programme;
- vary or amend the Application form or evaluation criteria;
- consider and accept or reject any Application that is non-conforming or received after the closing time for Applications;
- vary or extend any time or date relevant to the selection process or Programme;
- call for new Applications;
- terminate participation in the selection process by any Venture;
- allow any applicant to change its Application;
- publish or disclose a Venture’s name, logo and brief description of its activities, whether successful or unsuccessful; or
- take such other action that we, at our sole discretion, consider appropriate.
Any time or date in these Terms and Conditions is for our sole convenience and does not create an obligation on us to take any action by such time or date.
- Termination and variations of the Programme
The Programme Members reserve the right to terminate a Venture-Participant’s involvement in the Programme at their sole discretion at any time (including during the Scaling Bootcamp), for any reason or no reason at all including if the Venture-Participant breaches these Terms and Conditions; or if the Venture-Participant’s employee(s), officers or advisors engage in inappropriate (as determined by Programme Members in their sole discretion) such as illegal behavior or behavior disruptive to overall group cohesion. If possible, Venture-Participants will be given reasonable prior notice before they are terminated from the Programme.
Ventures may terminate their involvement in the Programme during the application process by informing the Programme Members in writing at any point until the International Finalists are named. If a Venture is selected as an International Finalist or becomes a Venture-Participant, withdrawal from the Application process or the Programme by the Venture is only permitted upon written agreement with the Programme Members.
- Acknowledgment, waiver, indemnity and warranty
By submitting an Application or entering into the Programme, each Venture:
- Acknowledges that participation in the application process or the Programme is at the Venture’s sole risk.
- Agrees to release, indemnify, defend and hold harmless the Programme Members, their respective affiliates, employees, officers or advisors from any claims and all losses or damages arising in connection with the Venture’s participation or entry into the Programme, including personal injury, however arising, negligence, property damage or economic loss resulting directly or indirectly, from acceptance, possession, misuse or use of the Programme or participation in any Programme-related activity, including participation at the Scaling Bootcamp.
- Acknowledges that all Application decisions made by the Programme Members are final and that the Venture will not challenge the outcome in public or otherwise.
- Represents that no claim is being asserted and no proceeding is presently in progress, pending or being threatened against the Venture or any of its assets, and that it is not in default in relation to any contractual obligation, nor has the Venture done or omitted to do anything that could materially and adversely affect its position as a going business concern.
- Represents that it has not filed for nor is facing proceedings for winding up business or for dissolution, insolvency, bankruptcy, or the appointment of a receiver, liquidator, administrator or similar officer in relation to any of the Venture’s assets or revenue.
- Agrees it will immediately notify the Programme Managers in writing when: (i) the Venture undertakes or commences any action or files any documents for dissolution, applies for insolvency or bankruptcy, (ii) the Venture is administratively or judicially declared insolvent or bankrupt; placed under receivership, administration, rehabilitation or liquidation.
- Represents it has the full capacity, authority and relevant consents to execute and perform the obligations under these Terms and Conditions.
- Agrees that the Programme, Programme Managers and Members are not responsible for any injury loss or damage that may occur to the Venture as a result of its Application or participation in the Programme.
SECTION FOUR: DEFINITIONS AND INTERPRETATION
Unless the context requires otherwise, the following terms have the following meaning in these Terms and Conditions:
Impact Hub Offices means Impact Hub Geneva, Impact Hub Accra, Impact Hub Antigua, Impact Hub Bamako, Impact Hub Bogota, Impact Hub Caracas, Impact Hub Harare, Impact Hub Istanbul, Impact Hub Johannesburg, Impact Hub Kigali, Impact Hub Kuala Lumpur, Impact Hub Manila, Impact Hub Monterrey, Impact Hub Odessa, Impact Hub Phnom Penh, Impact Hub Recife, Impact Hub Yangon, and Impact Hub Yerevan.
Programme, Accelerate2030 Programme, Accelerate2030 or A2030 means the Accelerate2030 Programme more fully described at http://www.accelerate2030.net.
Programme Managers means Impact Hub Geneva and Impact Hub Offices.
Programme Members mean the local organizing teams led by the local Impact Hub including the following:
- Programme Managers
- United Nations Development Programme
- International Trade Center
- World Intellectual Property Organisation
- The Boston Consulting Group
- Sidley Austin LLP
- Global Accelerator Learning Initiative
- Schwab Foundation
- Global Social Environment Network
- United Nations Global Compact
- Geneva Environment Network
- National jury members
- International jury members
- Any other partners identified from time to time
Programme Members may be described as us, we, or our throughout these Terms and Conditions.
Venture means a business enterprise, its officers, employees or agents.
Venture-Participant means a Venture that has been selected by the Programme Managers to participate in the Programme and who agrees to participate in the Programme.