Money20/20 USA Startup Pitch Terms and Conditions

THE PROMOTER

The Promoter is Ascential Inc., a Delaware corporation, with offices at 229 West 43rd Street– 7th Floor, New York, NY 10036, United States (the “Promoter” or “we”).

THE STARTUP COMPETITION

The competition is an opportunity for financial services/fintech startups (“Startups”, or “Entrants”) to submit an application for the chance to be selected to attend the Money USA 2020 Startup Pitch during MoneyFest on 26-28 October 2020.

Entrants must fulfil the Eligibility Criteria and follow the instructions on how to enter by 5pm EST on 15 July 2020 (the “Closing Date”).

Qualifying Entrants selected for the opportunity to pitch to our panel of expert judges at the Event will receive one (1) standard delegate pass entitling one (1) individual to attend the Event (“Pass”).

One (1) Startup selected by the judges at the Event will, subject to these Terms and Conditions, be eligible to win a grand prize of $25,000 (“Prize”).

GENERAL

By entering the Startup Competition, Entrants agree to be bound, and abide, by these Terms and Conditions. We may vary the Terms and Conditions from time to time, in which case the variation will take effect from the date of publication of the new Terms and Conditions on our website. We have absolute discretion to determine the application of the Terms and Conditions or to resolve any ambiguity in them as we see fit.

We reserve the right to cancel, terminate, modify or suspend, the Startup Competition for any reason that we deem appropriate, including, without limitation, a computer virus, bug or other technical problem or force majeure situation (including without limitation the COVID-19 Pandemic or any other public health emergency) that corrupts the administration, security or proper functioning of this competition.

The Startup Competition is a contest involving substantial skill. By entering the competition, you acknowledge and agree that you are making a submission solely for purposes of being considered by Promoter and our respective affiliated or related entities as well as the Judge to be a participant in the Startup Competition and will not receive any compensation or credit for making a submission.

We may, in our absolute discretion, at any time refuse or withdraw Entries which, in our reasonable opinion:

  • breach applicable laws, regulations or industry recognised codes of practice;
  • offend national sentiments, religious sentiments or public taste;
  • do not meet the Eligibility Requirements;
  • in any other way conflict with the Terms and Conditions or the spirit of the Guiding Principles;

Entrant represents and warrants that Entrant has the right, power and legal capacity to enter into the Startup Competition, participate and perform all obligations hereunder. All Entrants are responsible for ensuring their submissions and participation in the Contest are in compliance with all legal requirements of their respective jurisdictions. The Startup Competition and prizes are subject to all applicable federal, state, and local laws and regulations. The Startup Competition and prizes are void where prohibited and otherwise restricted. We are unable to accept Entries from or with a connection to a country subject to UN, EU, UK and/or US government sanctions.

In these Terms and Conditions, words and expressions shall have their ordinary meaning unless otherwise defined in the Terms and Conditions.

HOW TO ENTER

To enter, each Entrant must enter their details and complete a form (“Application Form”) via https://startupacademy.secure-platform.com/a prior to the Closing Date.

Entries received after 5pm on the Closing Date will not be eligible to participate.

By submitting an entry, each Entrant agrees to be bound by these Terms and Conditions. In the event that an Entrant wins a Pass, the Entrant agrees to be bound by the Money 2020 Delegate Terms and Conditions which can be found here (https://www.money2020.com/global/delegate-terms-and-conditions).
If an Entrant decides it does not wish to participate, they can withdraw its entry at any time prior to the Closing Date by written notice to info@money2020.com.

Please see here for a copy of these Terms and Conditions.

ELIGIBILITY

We want to include Startups who cover a broad range of industry sectors from P2P lending to financial inclusion, mobile wallets, security & fraud and much more. The Startup Competition is open to those who conceptually:

  • are solving real problems, fixing what is broken, and making something truly useful;
  • eat, live, and breathe disruptive technology and can prove it;
  • have an innovative business model that will change the status quo; and
  • have a strategy to build a profitable, sustainable company.

The Startup Competition is open to Entrants:

  • B2B Criteria: as a Startup Entrants must have completed a seed raise or have proven accelerator participation (we will ask each Entrant to provide evidence of this); or
  • B2C Criteria: as a Startup Entrants must have a product/service in production and proof of customer base (we will ask each Entrant to provide evidence of this.); and
  • are able to provide the information requested in the Application Form, including (but not limited to) US citizenship or the right to work in the United States.
  • The Startup Competition is open to any Entrant over the age of [18] except:
  • employees of the Promoter or its holding or subsidiary companies;
  • employees of agents or suppliers of the Promoter or its holding or subsidiary companies, who are professionally connected with the Startup Competition or its administration;
  • employees of the Judges; or
  • members of the immediate families or households of (a), (b) and (c) above.

Each Entrant must have access to and sign up for an account on the web site (https://startupacademy.secure-platform.com/a). No purchase is necessary to open an account or to enter the Startup Competition.

The Promoter may disqualify any Entrant during or after the Startup Competition, if the Entrant (i) harms or publicly disparages the Promoter during or after the Contest period, (ii) the Promoter learns of the Entrants previous, current or future, immoral, illegal, or inappropriate acts, (iii) Entrant provides false information about, or publicly disparages, the Startup Competition to the Promoter or to the public, or (iv) the Entrant does not obtain the Promoter's prior written approval before providing interviews or public comment related to the Startup Competition.

WARRANTIES

Each Entrant warrants and represents to us that (a) it has the necessary skills, and experience to participate in the Startup Competition; (b) the provision of any requested information, and the use by us and the Judges at the Event of any materials used or distributed by an Entrant prior to and at the Event, shall not infringe any third party intellectual property rights; (c) the content of the Application and Event pitch shall not contain material that is in any way defamatory, obscene, unlawful, harmful, offensive or inappropriate or that would constitute a contempt of court or expose us to any civil or criminal proceedings; and (d) the business of the Startup shall not have the effect of being harassing, threatening, abusive or hateful or which degrades, discriminates against or intimidates an individual or group of individuals on the basis of religion, gender, sexual orientation, race, ethnicity, age, disability or any other legally protected characteristic.

Each Entrant warrants and represents to us that it has the appropriate authority and/or permission from any Startup that it represents. This includes, but is not limited to the right to grant us an irrevocable, worldwide, royalty-free licence to make such use of the relevant Startup’s company name, branding and trademarks, as is reasonably required in connection with the exploitation, advertising and promotion of the Event, Money20/20 USA and the Promoter.

We will use reasonable skill and care in providing the Startup Competition and Event. Please note that any coaching and advice provided by Judges is provided on an “as-is” basis and does not constitute any legally binding advice and/or offers of investment.

JUDGING CRITERIA

We have selected a number of venture capital representatives to form the panel and act as (“Judges”) for the Startup Competition. Our selection of the Judges is final.

The Judges have an absolute discretion to decide which Entrants are to progress throughout the Startup Competition. By submitting an Application Form, each Entrant agrees that it understands the nature of the venture capital industry and that the Judges have discretion as to their criteria for selection and progression of the Startups throughout the Startup Competition.

We reserve the right to request additional information about an Entry, including for the purposes of verifying its eligibility or authenticity. For example, we may ask for media scheduling details, brand confirmation, financial information in writing or any other further information we need to verify the authenticity of an Entry. If an Entrant does not provide us with the requested information or if, in our absolute discretion, we determine that an Entrant has not provided us with adequate information, we may withdraw an Entry, Pass or Prize (as applicable).

We also reserve the right to carry out our own checks to make sure that the information an Entrant has provided about its Entry is correct, including but not limited to checking that: (i) the purported business idea is legitimate; and (ii) that the idea featured in the Entry corresponds with being the Startup’s idea.

OWNERSHIP AND USE OF ENTRIES

All entries are property of the Promoter and will not be returned regardless of whether the Entrant wins or withdraws its entry.

By entering, You understand and agree that your submission is not confidential nor submitted in confidence or trust and no confidential or fiduciary relationship is intended or created by making a submission. You understand that the Promotor is part of a diverse group of companies who may possess or come to possess information similar or identical to information contained in your submission, and you agree that any such similarity or identity shall not give rise to any claim or entitlement, whether for compensation, credit or otherwise. By making a submission, you hereby release the Promotor and their respective directors, officers, shareholders, employees, licensees, assigns and successors from any and all claims relating to your submission, including without limitation arising from the risk of idea misappropriation.

THE PRIZES

The opportunity to compete to be award a cash Prize to the value of $25,000. Any further interaction between the Startup and the Judges will be at the discretion of the Judges and may be subject to further legal and contractual arrangements, to which we are not a party.

PASS WINNERS

The 15 Startups selected to have a representative attend the Startup Competition at the Event will be notified of their Pass in writing. Travel and other expenses are the responsibility of the Startups. Additional representatives of selected Startups may attend at their own expense.

The Entrants selected to attend the Event will be the 15 Startups that the Judges deem most fulfil the Eligibility Requirements, in accordance with the Judging Criteria.

The outcome of the down selection to 15 Startups is final and no correspondence or discussion will be entered into.

As a winner of a Pass and therefore a participant in the Startup Competition each Entrant agrees that we may publish its name and Startup details as part of our marketing campaigns for the Event.

CLAIMING THE PASS

Once the Promoter has announced the 15 Startups selected to attend, the Promoter will send details of the Passes directly to the Entrants addresses.
A Pass may not be claimed by a third party on an Entrant’s behalf.

The Promoter will make all reasonable efforts to contact the relevant Entrants. If an Entrant cannot be contacted within 14 of days of the decision being reached, the Promoter reserves the right to withdraw the Pass from that Entrant.

The Promoter does not accept any responsibility if a winning Entrant is not able to take up the Pass.

THE STARTUP COMPETITION

Prior to the Event, the selected Startups will receive more details to outline preparation for attendance and details of the Event. This will include, but is not limited the following:

Prior to the Event:

  • Session preparation calls;
  • Attendance of required webinars;
  • Coaching sessions; and
  • the format of the pitches and interaction with the Judges via email.

During the Event:

  • Attending Startup meeting(s);
  • Confirmation of session details; and
  • Rehearsal arrangement(s).

We reserve the right to alter the above at our discretion, and will notify each Entrant via email, with any decision to vary being final.

PRIZE WINNERS

The 15 Startups selected to attend the Startup Competition will be given the opportunity in accordance with the format outlined in the clause above to win the Prize.

The winning Entrant will be the ultimate Startup that the Judges deem most fulfil the Eligibility Requirements and Judges Criteria.

The outcome of the Startup Competition and award of the Prize is final and no correspondence or discussion will be entered into.

The Promoter will announce the winner live during the Event.

Each Entrant agrees to its name being published or made available at this time and for any subsequent marketing that we would like to use. The names of those Entrants winning a Pass and the Entrant winning the Prize will remain available for no less than three (3) months.

Except where prohibited, each potential winner of a Pass and/or the Prize will be required to complete, sign and return an Affidavit of Eligibility and Liability/Publicity Release (“Affidavit/Release”) within seven (7) days of being notified. Failure of a potential winner to sign and return the Affidavit/Release within the required time period may result in such winner’s forfeiture of the potential prize and selection of an alternate winner(s) from remaining eligible entries. Entrants winning a Pass or the Prize are solely responsible for the payment of any taxes or filing requirements that may arise as a result of acceptance of such Prize and/or a Pass. The Prize will be awarded in the form of a single payment to the Entrant (person or company/organization), regardless whether the Entrant is an individual, group of individuals, company or other form of organization. The Prize cannot be transferred or substituted.

RELEASE AND LIMITATION OF LIABILITY

TO THE MAXIMUM EXTENT PERMITTED BY LAW, BY SUBMITING AN ENRY, STARTUPS, ON THEIR OWN BEHALF AND ON BEHALF OF THEIR AFFILIATES, OWNERS (INCLUDING WIHTOUT LIMITATION MEMBERS, PARTNERS, SHAREHOLDERS, OR OTHER APPLICABLE CLASS OR TYPE OF OWNERS) AGREE TO RELEASE AND HOLD HARMLESS ALL DIRECTORS, TRUSTEES, OFFICERS AND EMPLOYEES OF THE PROMOTER, AND ITS SUBSIDIARIES, AFFILIATES, LEGAL REPRESENTATIVES, LICENSEES, AGENTS, JUDGES, ADVERTISING AND COMPETITION AGENCIES (THE “RELEASED PARTIES”) FROM AND AGAINST ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF PARTICIPATION IN THE COMPETITION, OR RECEIPT OR USE OF ANY PRIZE, INCLUDING, BUT NOT LIMITED TO: (A) UNAUTHORIZED HUMAN INTERVENTION IN THE COMPETITION; (B) TECHNICAL ERRORS RELATED TO COMPUTERS, SERVERS, PROVIDERS, OR TELEPHONE OR NETWORK LINES; (C) PRINTING ERRORS; (D) LOST, LATE, MISDIRECTED, INCORRECT, GARBLED, OR INCOMPLETELY RECEIVED ENTRIES; (E) ERRORS IN THE ADMINISTRATION OF THE COMPETITION OR THE PROCESSING OF ENTRIES; OR (F) INJURY OR DAMAGE TO PERSONS OR PROPERTY WHICH MAY BE CAUSED, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, FROM ENTRANT'S PARTICIPATION IN THE COMPETITION OR ACCEPTANCE, RECEIPT, USE, OR MISUSE OF ANY PRIZE; OR TRAVEL TO ANY COMPETITION-RELATED EVENTS; AND (G) ANY CLAIMS BASED ON PUBLICITY RIGHTS, COPYRIGHT/TRADEMARK INFRINGEMENT, INTELLECTUAL PROPERTY RIGHTS, DEFAMATION OR INVASION OF PRIVACY AND MERCHANDISE DELIVERY. ENTRANT FURTHER AGREES TO RELEASE THE RELEASED PARTIES AND THEIR DESIGNEES AND ASSIGNS FROM ANY LIABILITY WHATSOEVER, AND WAIVE ANY AND ALL CAUSES OF ACTION, FOR ANY CLAIMS, COSTS, INJURIES, LOSSES AND DAMAGES OF ANY KIND ARISING OUT OF OR IN CONNECTION WITH THE COMPETITION OR ACCEPTANCE, POSSESSION, OR USE OF ANY PRIZE (INCLUDING, WITHOUT LIMITATION, ATTORNEYS’ FEES, CLAIMS, COSTS, PERSONAL INJURIES, LOSSES AND DAMAGES RELATED TO PERSONAL INJURIES, DEATH, DAMAGE TO OR DESTRUCTION OR PROPERTY, RIGHTS OF PUBLICITY OR PRIVACY, DEFAMATION OR PORTRAYAL IN A FALSE LIGHT, WHETHER INTENTIONAL OR UNINTENTIONAL), WHETHER UNDER A THEORY OF CONTRACT, TORT (INCLUDING NEGLIGENCE), WARRANTY OR OTHER THEORY. THE PROMOTER IS NOT RESPONSIBLE IF ANY PRIZE CANNOT BE AWARDED DUE TO TRAVEL CANCELLATIONS, DELAYS OR INTERRUPTIONS DUE TO ACTS OF GOD, ACTS OF WAR, NATURAL DISASTERS, THE COVID-19 PANDEMIC OR OTHER PUBLIC HEALTH RELATED EMERGENICES, WEATHER OR ACTS OF TERRORISM

DATA PROTECTION AND PUBLICITY

The Promoter will only process Entrants’ personal information as set out in these Terms and Conditions, and in the Promoter’s Privacy Policy, which can be found https://www.money2020.com/global/ascential-global-privacy-policy. The Entrants give us permission to share all information provided to the Judges.

If any Entrant’s details are provided by a third party, such third party warrants they have appropriate authority to do so including that such details may be used in accordance with these quiz terms and conditions. Each Entrant acknowledges that we shall have the exclusive right to record and photograph the Event and each Entrant waives any rights it might have in our recording. We shall be entitled to use, edit, copy, broadcast and publish the recordings and photographs as we wish in perpetuity without limitation and including by way of live streaming and/or broadcasting. Each Entrant grants to us an irrevocable, worldwide, royalty-free licence to make such use of its name, voice, biography and likeness, as is reasonably required in connection with the exploitation, advertising and promotion of the Event, Money20/20 USA and the Promoter.

MISCELLANEOUS

The decisions of the Promoter and Judges are final with respect to all aspects of the Startup Competition. In the event that the operation, security, or administration of the Startup Competition is impaired in any way for any reason, including, but not limited to fraud, virus, or other technical problem, or any condition caused by events beyond the reasonable control of the Promoter that may cause the Startup Competition to be disrupted or corrupted, we may, in our sole discretion, either: (a) suspend the Startup Competition to address the impairment and then resume the Startup Competition in a manner that best conforms to the spirit of these Terms and Conditions; or (b) award the Prize from among the eligible entries received up to the time of the impairment. The Promoter reserves the right in its sole discretion to disqualify any Entrant it finds to be tampering with the entry process, the operation of the contest, to be acting in violation of these terms and conditions, or in an unsportsmanlike or disruptive manner. Any attempt by any person to undermine the legitimate operation of the Startup Competition may be a violation of criminal and civil law, and, should such an attempt be made, the Promoter reserves the right to seek damages from any such person to the fullest extent permitted by law. The Promoter's failure to enforce any term of these terms and conditions shall not constitute a waiver of that provision. In the event an insufficient number of entries are received, the Promoter reserves the right to cancel the Startup Competition and shall be under no obligation to award the Prize or the Passes.

These Terms and Conditions will be governed by and construed in accordance with the laws of the State of Nevada, without regard to its conflict of laws rules; the state and federal courts located in the County of Clark, State of Nevada, will be the exclusive venue for any and all disputes between the parties arising out of or in connection with the Contract and the parties hereby submit to the personal jurisdiction of, and waive any objections to venue in, such courts; and each party hereto hereby waives its right to a jury trial in any dispute, action, or proceeding arising out of or in connection with the contract to the maximum extent permitted by law.