Rules & Terms of Participation

  • There is no fee for entry.
  • Participants can apply as a Team or as an Individual.
  • Each Participating Team in the program must consist of a minimum of 2 and a maximum of 3 individuals.
  • All Participating Team Members must be over 18 years of age.
  • Submissions must be the original work solely of the Participating Team. Each Participating Team Member represents and warrants to the Mindspace organisation and the Mindspace Team that she or he has all right, title and/or interest in the ideas submitted, the startup, and business plan, and that by submitting an entry to the competition she or he is not and will not be violating any contract or third party rights, including but not limited to any patent, copyright, trade secret, trademark, publicity or privacy right; or disclosing any proprietary or confidential information of another person or entity.
  • The Applications and Submissions must be submitted online within the stipulated dates. No late entries will be accepted.
  • If selected as one of the top ten ideas, at least one member of the Participating Team must be present at the mentoring sessions as well as the final awards ceremony.
  • The Mindspace Team reserves the right to disqualify at any time any application or Submission that in its judgment violates the letter or the spirit of the program guidelines, terms, processes or rules. The decisions of the Mindspace Team are final. Any violation of these rules will disqualify a Participating Team from the program and result in forfeiture of any prize or competition benefit awarded to the Participating Team.
  • Any Participating Team or Participating Team Member engaging in immoral activities, including lying, cheating or any activity that may adversely affect the image of the Mindspace University Program, will be disqualified at the discretion of the Mindspace Team.
  • Participating Teams and Participating Team Members will comply with all applicable laws related to their Application, Submission and their participation in the Mindspace University Program.
  • Any content included in the Submission (including the written descriptions of the idea/startup, the online submitted deliverables and the potential pitch video) as well as any work conducted during any stage of the Mindspace University Program may be shared by the Mindspace Team for any Program or publicity related purpose, and will not be considered confidential.
  • Participating Teams agree that pitch videos may be uploaded to the Mindspace Video Portal related to Mindspace University Program.
  • For any doubt about the legal status of a Participating Team, Team Member, third party intellectual property, or any other aspect of the team’s Submission, the Mindspace organisation strongly urges the Participating Team to seek independent legal counsel. The Mindspace Team cannot provide any legal advice regarding intellectual property or any other issues during the Mindspace University Program.
  • Participating Teams agree to use any competition prize received to further develop their startup or idea.
  • Mindspace organisation and Mindspace Team shall be held harmless by each Participating Team Member in the event of legal action involving the Participating Team or its Submission.
  • The Mindspace organisation is not responsible in any way for agreements between Participating Teams or Participating Team Members and third parties.
  • Participating Teams must disclose any funding already received at the time of application. There are forms of funding that may fall into a gray area. In these cases, the Mindspace organization will deliberate on the eligibility of a Participating Team and communicate the decision to the Participating Team.
  • Participating Teams must not have a legal entity at the time of application which is related to their project during Mindspace University.
  • All Participating Teams agree to participate in media and press opportunities related to the Mindspace University Program. These opportunities include, but are not limited to:
    1. All Participating Teams may be asked to provide a short written description that will be made available to the media and may be released publicly, either in part or in its entirety.
    2. All Participating Teams may be asked to speak to the media for the Mindspace University Program related interviews when requested by the Mindspace Team.
    3. 3. All Participating Teams may be asked to provide quotes and/or content for any of the Mindspace University Program related press releases.
    4. All Participating Teams and Participating Members agree that the photos/videos where they appear and were taken during the Mindspace University Program and its relevant events, can be used from the Mindspace organisation for marketing or program related purposes.
    5. Participating in media and press opportunities in no way requires Participating Teams to disclose any proprietary or otherwise confidential information related to their businesses. The Mindspace Team agrees to provide consultation to any team, upon request, to avoid such disclosures while participating in press related opportunities.
  • In no event shall (i) Mindspace Organisation, its Trustees, Directors, Officers, Employees, Students, Volunteers or (ii) the Judges and Mentors be liable for any advice, information or decisions made in the course of the Mindspace University Program or for direct, indirect, incidental, consequential or special damages of any kind, including economic damages or injury to property and lost profits, regardless of whether the party or parties had been advised, shall have other reason to know or in fact did know of the possibility of such damages.

Glossary of Legal Terms

  • Mindspace Team: In the Mindspace University Program, this term includes judges, mentors, Mindspace staff, Mindspace volunteers, and “rule makers.”
  • Participating Teams or Participating Team Members: the Mindspace University Program participants.
  • Application: The typeform that each Participant fills in prior to the Application deadline, declaring his/hers interest to participate in the Program, by completing the requested by the Mindspace organisation information.
  • Submission: the video, business plan, idea, and all other information requested as a deliverable during the Mindspace University Program, submitted by the Participating Team.
  • The Mindspace University Program: All the stages related to the educational and competition part of the Program (Virtual classrooms, Webinars, Teams Formation, Ideas Formation, Submission, Mentoring sessions, Finals) and any activity relating to them starting from 1. October and ending on 31. January.
  • Prize Winners: any Participating Team that receives a prize.