FREE ELECTRONS PROGRAM
TERMS & CONDITIONS OF APPLICATION AND PARTICIPATION
When you submit your application form to participate in the Free Electrons Program, you agree to the following terms and conditions (Terms and Conditions) in relation to your application for, and if selected, participation in, the Program.
SECTION ONE – CONDITIONS OF APPLICATION
In order to be eligible to apply for the Program your start-up must:
Note that start-ups with business models that are based solely on consulting are ineligible to participate.
Selection in the Program and Indicative Schedule
Applications meeting the minimum criteria outlined in these terms and conditions will be reviewed by Program Members for potential participation in the Program. Program Members will contact start-ups if more information or clarifications are needed about their application materials at any stage during the selection process. 60 start-ups will be selected as pre-finalists. Of those 60 pre-finalists, 30 will be selected to take part in a short video interview. Based on application materials and the video interview, 12 start-ups will be selected by the Program Members for participation in the Program.
The decision of the Program Members on the successful applicants is final and at the sole discretion of the Program Members.
The indicative schedule for application and selection process is as follows:
Applications open – 9 January 2017
Application deadline – 11:59pm 28 February 2017
Pre-finalists notice of selection date – 22 March 2017
Short list notice of selection date – Late March 2017
Successful applicants notified – 1 April 2017
All references to time in these Terms and Conditions are to Pacific Standard Time.
Your application must be submitted electronically via the application form at http://www.freelectrons.co before the closing time for Applications. The Program Members may, in our sole discretion, consider an application submitted after the Application closing time, but we have no obligation to do so.
The criteria used, and how the criteria will be applied, will be decided by Program Members at their sole discretion, but it may include our assessment of your startup’s:
You must identify and notify us of any actual, potential or perceived conflict of interest that you have in relation to this application or your participation in the Program. If you fail to notify us, or you are unable or unwilling to resolve the conflict as required by us, your application may be excluded from further consideration.
You agree to provide us with information about your assets, business or other affairs for the purpose of or in connection with:
The Program Members each agree to keep all information you provide to us for the Agreed Purpose (Confidential Information) secret and confidential and will not disclose the Confidential Information to any person without your prior consent or as otherwise expressly permitted in these Terms and Conditions. The Program Members each agree to use the Confidential Information only for the Agreed Purpose, unless you give us prior consent or it is otherwise expressly permitted in these Terms and Conditions.
This undertaking of confidentiality does not apply to Confidential Information:
You acknowledge that the Program Members may disclose the Confidential Information to their affiliates and to their, and their affiliates’, respective directors, employees and advisors for the Agreed Purpose, provided that such persons have first been made aware of the confidential nature of the Confidential Information and have agreed to comply with this confidentiality undertaking.
The obligations of confidentiality will continue for a period of 3 years from the closing time of applications.
Intellectual Property Rights
By participating in the Program, the Participant confirms that the product or service solution is their own work and does not infringe or violate the rights of any third party, including but not limited to intellectual property rights.
You acknowledge that the management and protection of your intellectual property is your sole responsibility, both during the application phase and if selected as a Participant, during your participation in the Program.
Misleading Claims, Improper Assistance and Anti-Competitive Conduct
In preparing your application and participating in the selection process you must not:
The Program Members reserve the right at any time and for any reason to do any of the following:
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.
SECTION TWO: CONDITIONS OF PARTICIPATION IN THE PROGRAM
Benefits for successful applicants
Participants will be able to partake in the Program subsequent to these Terms and Conditions. The Program itself consists of 3 modules and it is intended that they will take place in Silicon Valley, Lisbon and Dublin, and Singapore. The Program will pay for the flights, accommodation and standard meals for 2 employees from each Participant to attend each module. Participants will fly in economy class and stay in modestly priced hotels which are approved by the Program Members for the duration of the module. Participants must pay for any other costs or expenses incurred. A cap on travel costs funded by the Program may be imposed and if so you will be given prior notice.
Some Participants may be awarded prizes during the Program, at the discretion of the Program Members. Any such prizes may be in the form of grants to be used for particular purposes.
Module 2: Dublin – “Best Elevator Pitch”
Description: Twelve startups will compete for $25,000 for the “Best Elevator Pitch” in front of a panel of judges.
Module 3: Singapore – “Free Electrons World’s Best Energy Startup”
Description: Twelve startups will be evaluated on their performance over the three modules by the utility partners for the “Free Electrons World’s Best Energy Startup” award worth $175,000 in cash (paid by check).
During or after the end of the Program, you may receive the opportunity to engage in a pilot project and/or receive strategic investment by one or more of the Program Members; however, such opportunities are not guaranteed. Any commercial relationships or opportunities you are offered are subject to separate negotiations and agreements with the relevant Program Member and do not form part of the Program.
Participation in the Program
If you are selected to participate in the Program your start-up must:
Termination and variations
The Program Members reserve the right to terminate a Participant’s involvement in the Program at their sole discretion if:
Participants will be given prior notice before they are terminated from the Program.
Program Members may also terminate or make charges to the Program, in each case for any reason at any time. Participants will be given notice of such termination or changes.
Acknowledgment, waiver, indemnity and warranty
Participants acknowledge that their participation in the Program is at their sole risk. Participants may withdraw from the Program at any time or make alternative arrangements for travel, accommodation or meals (at their own cost). Program Members will have no liability to Participants or any of their respective affiliates, employees, officers, or advisors for any loss or damage arising in connection with the Program, including personal injury, however arising, including negligence, property damage or economic loss (except in relation to a breach of the confidentiality undertaking in section one). Participants must not make a claim against any Program Member for any such loss or damage and will continually indemnify, hold harmless and release, the Program Members from and against any such claim, loss or damage.
Each Participant further acknowledges, agrees, warrants and represents that:
SECTION THREE: DEFINITIONS AND INTERPRETATION
Unless the context requires otherwise, the following terms have the following meaning in these Terms and Conditions:
Participant means a start-up who has been selected by the Program Managers to participate in the Program.
Program, Free Electrons Program or FE means the Free Electrons international accelerator program more fully described at http://www.freelectrons.co.
Program Managers mean:
Program Members mean:
Program Members may be described as us, we, or our throughout these Terms and Conditions.
You or your means an applicant or, after selection, a Participant.