TECHSTRIPPED INNOVATION CHALLENGE – TERMS AND CONDITIONS
The Techstripped Innovation Challenge is void where prohibited by law. By participating, you agree to comply with the following terms and conditions:
The Techstripped Innovation Challenge consists of two phases:
Phase 1: Idea Pitch begins at 8:00 AM GMT on May 10, 2023, and ends at 7:30 PM GMT on June 10, 2023.
Phase 2: Demo Day takes place from 9:00 AM to 3:00 PM GMT on August 5, 2023.
The Techstripped Innovation Challenge is open to individuals who:
(i) are at least eighteen years old,
(ii) are students in a Ghanaian University, and
(iii) may or may not be members of a Techstripped Campus Club.
Employees of the Organizer, Sponsor, and its respective parent companies, affiliates, subsidiaries, advertising, promotion, fulfillment or other coordinating agencies, individuals providing services to Sponsor through an outsourcer or temporary employment agency during the Techstripped Innovation Challenge period, and their respective immediate family members and persons living in their same household, are not eligible to participate.
– Participants can form teams of two (2) people or more, up to a maximum of five (5) members. Team changes or switching are not allowed. The Sponsor will not be responsible for resolving any disputes between team members.
– If selected for Phase 2, participants must attend the demo day at the Accra Digital Center. Participants are responsible for making their own travel and accommodation arrangements and covering all associated costs and expenses.
– Participants are required to:
– A panel of 6 to 10 experts will judge the entries based on the following criteria:
– The entry with the highest overall score will be declared the winner. In the event of a tie, the judges will deliberate to determine the winner.
– Participants or teams must be available during the judging period to demonstrate their entry. Each participant or team will have 5 minutes to present their pitch and prototype to the judges and the audience.
– If a judge or participant identifies a conflict of interest, the judge will be recused from judging the entry with the conflict, and an alternate judge will be appointed.
– Entries must be original and newly created during the Techstripped Innovation Challenge. Participants cannot copy existing software code and submit it as part of their entry. Entries may be subject to a due diligence review at any time for eligibility and compliance with these terms. The Organizer reserves the right to disqualify any entry that does not comply.
– Participants represent and warrant that their entries do not violate any agreements or obligations, including any proprietary information, confidentiality, or non-solicitation agreements with their employers or other parties.
– Participants also represent and warrant that their entries are their own original work and do not infringe the intellectual property or proprietary rights of any third party.
– By participating, participants agree to assign and transfer all rights, title, and interest in their entries to the Organizer. The Organizer will have the right to copy, edit, publicly display, publicly perform, broadcast, publish, and use the entries, in whole or in part, without further compensation, during and after the Techstripped Innovation Challenge.
– Participants agree that the Organizer may register the product as a joint venture under the laws of Ghana, with the Organizer owning 10% equity in the venture. Participants will be responsible for the development and running of the venture, while the Organizer will provide support through business support, mentorship, and guidance.
– The participants with the top three (3) entries, as determined by the judges, will receive undisclosed material prizes.
– The odds of winning depend on the total number of eligible entries received.
– Approximate value of the prize: up to GHC 10,000
– Winners are solely responsible for any applicable taxes.
– Winners may be required to sign and return an affidavit of eligibility and publicity/liability release within seven (7) days of the award. Failure to comply may result in forfeiture of the prize.
– By participating in the Techstripped Innovation Challenge, participants consent to the use of their name, photo and/or likeness, biographical information, entry, and statements attributed to them for advertising and promotional purposes, including on the Organizer’s website, newsletters, and social media accounts, without additional compensation.
– Participants agree to release, indemnify, defend, and hold the Organizer and their affiliates, directors, officers, employees, sponsors, and agents harmless from any claims, injuries, damages, expenses, or losses arising from participation in the Techstripped Innovation Challenge or acceptance/use of a prize.
– This includes any disputes among team members, any claims of intellectual property infringement, any injuries or damages arising from the prize or participation, and any errors or disruptions in the challenge administration.
– The Organizer will not be liable for any direct, special, incidental, exemplary, punitive, or consequential damages arising from participation in the Techstripped Innovation Challenge, whether based on contract, warranty, tort (including negligence), strict liability, or any other legal theory.
– Some jurisdictions may not allow the limitation or exclusion of liability for incidental or consequential damages, so the above limitation or exclusion may not apply.
