Terms and Conditions of Participation in E44 the Demo Day 2023 Program
Last Revised: June 4th, 2023
- E44 Ventures Limited Partnership and its affiliates (“E44”, the “Organizers“) welcome you take the initiative to organize a joint action to encourage participation in the development of innovative ideas in the following areas:
- Innovative Services and Approaching Models regarding Consumers and Customers
- Innovative Solutions for Chemical Energy Alternatives, Bio-degradable & Bio-based Plastics, Polymeric Nanofiber & Coating Materials, Water Treatment & Desalination
- Innovative Applications in Consumers’ and Customers’ Environmental Awareness
Τhereafter referred to as “Program”.
The purpose of these terms is to define the Terms and Conditions for the Participants to the Program (hereafter referred to as “Participants“), as well as for the selection of the winners within the context of the Program. The present terms are available on the website of the Program: https://e44ventures.earth/demoday2023 (hereafter referred to as “Program Website“).
- Eligibility of Participation
Anyone who is over 18 years old and is a resident of the State of Israel is eligible to participate in the Program (“Individual Participation” or “Individual Participant”). Team participation is allowed provided that each team can have from 2 up to 10 members and all members of the Team should be eligible to participate as individual person to qualify for the Program or if incorporated, it must be with an entity registered in Israel (“Team”).
The employees of the Organizers or Polaroid Sciences, their first-degree relatives and their spouses are excluded from participation.
- Participation Requirements
The participation in the Program is made by submitting the business proposal of the Team along with the required supporting material to the Program Website https://e44ventures.earth/demoday2023 (see below in Phase A). The business proposal must be original, and it should be in its entirety the exclusive intellectual property of the Team submitting it (see below 6. Intellectual Property Rights – Guarantees).
Only proposals submitted in English will be accepted; proposals submitted in other languages will not be considered, with the exception of using international terms if required.
The Participants in the Program have the full and exclusive responsibility of registering or protecting their submitted proposals and the rights deriving therefrom. Each Participant has the right to only one participation either as a member of a single Team or as an individual (Individual Participation). Each submitted proposal/application must contain the original written consent both for participation in the Program, the submission of the proposal (if any) and the acceptance of the present Terms and Conditions, as well as for the processing of personal data signed by each Participant.
In addition, all the information provided to the Organizers must be true, accurate, and correct, both in terms of their business proposal and their personal data. In case of a false declaration or participation by persons who do not meet the participation requirements, their participation will be canceled at any phase of the Program, and in case these occur only to one member of the Team, the participation of the entire Team will be canceled.
In the case of Individual Participation, the personal, physical presence of the Participants in all the events / workshops that will take place during the Program in Tel Aviv, is required, throughout the whole event. In the case of Team participation, the team should send up to 3 participants as representatives in the day of Phase B of the Program. Therefore, personal/physical presence in the events /workshops is a prerequisite for participation in the Program. The Organizers do not undertake to cover the costs of participating in the events / workshops (eg transport costs, accommodation costs etc.).
The Organizers have no responsibility to cross-check the data, and in case of a false statement in particular, they can claim compensation for any damage they may suffer. Any document or other material included as part of the proposal submitted within the context of the Program- will not be returned in any case. Any cost of preparing the proposal submitted in the Program (e.g. cost for an artwork, pilot testing) is borne solely by the Participants.
- Phases of the Program – Evaluation of Proposals
The total duration of the Program is from June 4th, 2023, to June 29th, 2023. The Program consists of two (2) Phases. The evaluation of the Participants will take place at the end of each Phase of the Program.
Phase A – Send Your Application
For those who have already their own entrepreneurial idea as individual participant or as a Team.
Submission of Proposals: During the period June 4th-June 18th 2023
by 23:59 Israel time, Individual Participant or Teams submit their business idea that they intend to develop within the context of the Program in the Program Website.
In order to be considered and to be assessed, the submitted proposal should be completed based on the template available on the Program Website with the following sections:
– Contact Details: Venture Name, Representative’s Name and Surname, Representative’s E-mail.
– Upload a File with the Idea (“Deck”) and the Following Information:
- A background with short description of the need that is being tackled, its current market evaluation and market growth projections.
- Description of the team and its capabilities.
- An elaboration on the technology behind the idea, its roadmap from proof of concept (POC) to scale-up and commercialization, and the main challenges / risks that might be encountered along the way.
- Description of the potential customers / users and the competitive advantage of the idea.
– Acceptance of the Terms and Conditions of Participation in the Program and Consent to the Processing of Personal Data.
– Information on Funds raised till date.
– Information on Next round of financing
– Information on Venture’s Stage (Idea / Pre-Seed / Seed / Series A).
– Inform on Venture’s Technology Readiness Level (TRL) (1-9).
In this Phase A, the evaluation criteria are indicatively the following: the value that the idea gives to the solution of specific needs/challenges, the feasibility of the idea and the organization and quality of the team members. The Judging Committee evaluates the proposals and decides which teams qualify for the next phase. The announcement of the results of Phase A will take place by June 25th, 2023, 23:59 Israel time the latest.
Phase B – Finals
Phase B takes place on June 29th, 2023.
For phase B, the teams will be asked to prepare a 10 minutes pitching presentation of their business proposal (Final Pitching) to be presented before the Judging Committee. The Judging Committee will decide on the basis of specific criteria which team(s) will be awarded. The evaluation criteria are, indicatively, the proposal’s sustainability and innovation, the maturity and feasibility of the innovative product/service, the targeted market and the quality of the team.
The winning team(s) will be selected based on this evaluation. Organizers retain at any time the right and the discretion not to select winning team(s) or to select fewer winning team(s) if the Participants do not meet the evaluation criteria or there is no progress from one Phase to the next. Participants’ evaluation is freely made at the discretion of the Organizers.
The winners of the Program will be announced at a special award ceremony in the same day and must be present in the ceremony to be eligible for receiving the prize(s).
The Organizers reserve the right to change these dates in order to better serve the needs of the Program.
Withdrawal: Individual Participant or Team may withdraw their participation by informing the organizer of withdrawal.
In case of a withdrawal of a team member from the Team at any phase of the Program and for any reason, all rights to the content/material already created will be transferred to the Team and the rest team members.
- News, Updates and Winners’ Announcement
Throughout the Program, information, news and updates will be provided through the email provided by Participants.
News and updates referring exclusively to each Individual Participant or Team will be communicated to Team’srepresentative. In particular, during all phases of the Program, the Organizers will inform all Participants by email whether their team was qualified to the next phase or not.
The Organizers will not announce the identity of the Judging Committee, nor the grades and ranking of the submitted proposals.
The announcement of the winners will take place at a special award ceremony that will signify the end of the Program.Once the results have been announced at the ceremony, the names of the winners and a description of their proposal will be made public on the Program Website and any other website that belongs to the Organizers and / or any other media, including social media, in order to communicate the results of the Program.
- Intellectual Property Rights – Guarantees
The Participants declare and warrant that the submitted proposal to the Program is original and is lawfully submitted in accordance with the Program’s Terms and Conditions. The Participants bear sole and full responsibility towards the Organizers and any third party for their submitted proposal and the accuracy of the information they claim.The Participants declare and guarantee that they are the exclusive owners of all intellectual property rights on the business ideas that they submit in order to participate in the Program, that the entire material they submit and produce during all the phases of the Program are original, and do not infringe third party rights, including intellectual property and personality rights, morality and public order, and do not contain third party information (eg, indicatively texts, images, people, trademarks, trade secrets, distinctive signs). In the event of a claim by a third party against the Organizers for any kind of infringement related to the submitted or produced material, the Participants shall be solely responsible and must undertake any litigation relating thereto and shall exempt the Organizers from any liability for damages including costs and expenses of any nature.
By participating in the Program all Participants agree for the Organizers to make public and present to the public their business ideas submitted and any other material/work produced within and for the purposes of the Program.
The Organizers are entitled, at their discretion, to cancel entries/participations that are in any way contrary to the present Terms and Conditions, including, but not limited to, participations with content that is illegal, pornographic, violent, misleading, threatening, abusive, defamatory, racist or vulgar or otherwise in violation of the current legislation, including intellectual property law, morality, right to personality and public order.
- Participants’ Personal Data
For the Program to be conducted and winners to be selected it is necessary for the Organizers to collect and process a series of data, including personal data concerning the Participants.
The data to be collected and processed are mentioned in detail in article “4. Phases of the Program – Evaluation of Proposals” and which each Participant have provided by completing the submission form for their participation (see earlier Phases of the Program – Evaluation of Proposals).
The data will be collected by the Organizers, which manage the Website through which the data is collected.
The collection and processing of the Participants’ personal data is strictly and exclusively limited to the context defined by the execution of the Program, the need to communicate with the Participants, and the nomination/selection of the winners. The data are collected and processed for the conduct of the Program, the communication with the Participants and the Teams, and the nomination/selection of the winners.Only the data that is strictly necessary, adequate and appropriate for the implementation of the Program is collected and the processing is governed by the principles of the Israeli Privacy Protection Authority (PPA) and the applicable legislation, with an aim to respect and protect the Participants’ privacy.
The Organizers will retain the Participant’s personal data in a form that permits identification for as long as they maintain a continuous relationship with the Participants (e.g. during all the phases of the Program) and the data are necessary for the implementation of the Program, as well as for the duration of any applicable limitation period (i.e. any period during which a person could bring a legal claim against them), and an additional 2 months following the end of the applicable limitation period. In addition, if any relevant legal claims are brought, they may continue to process Participants’ data for such additional time necessary based on the process of the claims.
If the Participants choose not to provide the requested personal data, this will affect their ability to participate in the Program.With respect to the Participants’ personal data and the rights provided by applicable law, Participants may contact E44 at firstname.lastname@example.org . Particularly, they can (i) request access to them (i.e. to know what kind of data we have for them and obtain a copy thereof), (ii) request their rectification (iii) request the deletion of their data, (iv) be informed about the processing of their Personal Data and ask to cease the processing (v) withdraw their consent, in which case their participation in the Program will be affected.
If Participants in the Program have any question about possible violation of their privacy or misuse of their personal data, they may contact the Organizer at email@example.com. We hope we can resolve any questions about how we process your personal data. However, if there are unresolved issues, you can address them to the Privacy Protection Authority. For the Privacy Protection Authority’s competence and how to lodge a complaint, you can visit its website (https://www.gov.il/en/departments/the_privacy_protection_authority/govil-landing-page – Public complaints and inquiries), where detailed information is available.
In the context of the implementation of the Program, participants may be asked to be recorded and/or photographed and/or videotaped and/or embedded in carrier material themselves (their image and/or voice), in any way by the Organizers during all stages of the Program in order to provide the relevant material (photographs, audiovisual material, etc.) to be used, processed, transmitted, posted, made public, retransmitted, through the Program’s website or through any other website belonging to the Organizers and / or through any other means, including social media, in this case, the Organizers will request the prior express consent of the participants in order to carry out the above processing operations, specifying the purpose of the processing.
For the smooth running of the Program, the following committees will operate:
- Organizing Committee: It consists of senior managers of the Organizers. The Committee’s responsibilities are the design and implementation of the Program, as well as the organization of relevant events and promotion activities. It is also responsible for any matter related to the Program and not foreseen in these Terms and Conditions.
- Judging Committee: It consists of Executives of the Organizers and external s advisors. The Committee’s responsibilities are to provide advice and evaluation of the business ideas and the Participants in the Program during the phases of the Program
The Participants are not entitled to any remuneration and / or other consideration for their participation in the Program under the terms hereof.
After the completion of Phase B, the winning team(s) will be selected, as provided herein above under Phase B, and they will be given, in particular:
- Advisory support by experts for the strategic planing of the participants roadmap for future product development and its utilization in a real environment with the aim of developing the pilot.
- Symbolic monetary prize.
- Announcements / Cancellation of the Program / Modification of Terms / Responsibility
Any announcement regarding the Program, as well as any other matter related to the organization of the Program, is posted exclusively on the Program Website and is valid from the date of its posting on this Website. In case of a conflict, the announcement on the Program Website takes precedence over any other information provided by the Organizers to the Participants.The Organizers reserve the right, unilaterally, without notice and at their discretion, to modify, revoke, extend or reduce the duration of the Program, as well as to change these terms and / or to cancel the Program by announcing it on the Program Website. In such case the Organizers have no responsibility to the Participants and / or any third party. In case that the Program is canceled, the Participants do not acquire any right against the Organizers, nor are they entitled to, or have the right to request its continuation or any compensation.In any case, the Organizers shall not be held liable for any direct or indirect damages, costs and expenses that may arise from any interruption, malfunction or delay or any other cause related to the Program or its cancellation.
- Terms Acceptance
The participation in the Program requires and implies the unconditional acceptance of all of the present Terms and Conditions, even if modified in the future, as defined above.
- Information – Complaints
For any information or complaint about the Program, any Participant or third party may contact E44 at firstname.lastname@example.org .
- Dispute Settlement – Applicable Law
In case of a dispute, conflict or challenge by a Participant in the Program regarding the interpretation or proper implementation of a term of the Program, the Participant will address the issue -prior to any judicial action- to the Organizers, which will endeavor to reach a compromise, via an amicable settlement of the dispute. Any dispute or conflict that has not been resolved amicably in the above process and derives from or relates to these Terms will be resolved exclusively by the courts of Israel (excluding any other jurisdiction, even concurring one) in accordance to Israeli law.