World Series of Innovation
PARTICIPATION AGREEMENT & RULES
THIS IS A LEGAL AGREEMENT BETWEEN YOU AND NETWORK FOR TEACHING ENTREPRENEURSHIP, INC. ("NFTE") in connection with your use of NFTE's proprietary products and services, including but not limited to the innovation.nfte.com website (collectively "the Services"), to create a business plan and participate in a marketplace of business ideas, and other features of the Services, as set forth in this Agreement.
BEFORE DOWNLOADING OR UPLOADING ANY CONTENT FROM OR TO NFTE'S SERVICES, YOU SHOULD READ THIS AGREEMENT CAREFULLY. BY DOWNLOADING OR UPLOADING ANY CONTENT FROM OR TO NFTE'S SERVICES, AND FOR OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH YOU ACKNOWLEDGE, YOU ARE AGREEING TO BE BOUND BY THE TERMS OF THIS AGREEMENT.
YOU MAY USE THIS SERVICE IF YOU ARE AT LEAST 13 YEARS OF AGE. HOWEVER, YOU MUST BE AT LEAST 18 YEARS OLD TO ENTER INTO THIS AGREEMENT. IF YOU ARE UNDER 18 YEARS OLD, YOU MUST HAVE A PARENT OR LEGAL GUARDIAN CAREFULLY READ AND ENTER INTO THIS AGREEMENT ON YOUR BEHALF.
By submitting an idea, each team member acknowledges that he/she has read and hereby agrees to the rules and regulations of this challenge as listed here.
ELIGIBILITY: Any team of students or young people (age 13 - 24) can participate, providing they can present their submission in English, with a team of at least 2 and not more than 3 participants.
DEADLINE FOR SUBMISSIONS: Submission forms and video links must be uploaded to http://innovation.nfte.com by 8pm Eastern time on Thursday, December 15th, 2016. Late or incomplete submissions will not be accepted.
SELECTION OF FINALISTS: Submissions will be reviewed by a panel of judges to determine three finalists in each category. Submissions will be evaluated based on:
- Opportunity Recognition: 20% of score
- Innovative Concept and Creative Design: 20% of score
- Understanding of Customer Profile: 12% of score
- Description of Product, Service or Business model: 12% of score
- Market Research: 18% of score
- Business Growth Opportunity: 10% of score
- Supporting Materials/Commercial Storyboard: 8 % of score
The judges' decisions are final, including interpretation of the rules. Participants may not make appeals or complaints against the judges, organizers, or sponsors of the Challenge.
Public voting will not involve a rubric but will be based on personal preference. Teams are encouraged to use this opportunity to promote their product or service as a real-world exercise in the use of social marketing and promotion.
SELECTION OF WINNERS: The top ten (10) finalists in each category will be selected by a panel of judges. Those top 10 will be asked to create and record a commercial video based on the storyboard previously submitted. Those videos will be due by February 16, 2017 at 8:00 PM ET.
Judges from the sponsoring organizations will then select three (3) finalists in each category. The general public will be asked to vote online for their favorites within those finalists between March 13 and 30, 2017. Should your group be a finalist, your commercial and entire submission will be available online for voters to review. Both a People's Choice and an Adjudicators' Choice winner in each category will be selected. It is possible to win both prizes.
By entering the challenge and/or accepting a prize at any level, participants grant permission to sponsors and their agencies to use winners' names and/or likenesses for advertising and/or trade purposes without further compensation unless prohibited by law.
All federal, state and local taxes are the sole responsibility of winners. All federal, state and local laws and regulations apply. The winnings are non-transferable.
Winners must be available for publicity and promotional purposes during and for a reasonable period after the Challenge competition - including media interviews with newspapers, radio and TV. NFTE and Challenge sponsors may provide the media with each winner's details, photographs and/or video footage for publication or broadcast.
CHALLENGE PERIOD: The Challenge begins when public voting is activated at 12:00:00 P.M. Eastern Time (ET) Zone in the United States on March 13, 2017 and ends at 11:59:59 P.M. ET on March 30, 2017 ("Challenge Period"). Voting will involve entering a valid email address and making a selection from the eligible finalists in each category. Individuals may vote once in every 24-hour period using a single email address. Invalid addresses will be disqualified.
SPONSORSHIP: The World Series of Innovation (Challenge) was initiated by the Network for Teaching Entrepreneurship (Organizer), a non-profit corporation, and is being presented with support from additional sponsors (2016-16 Sponsors include Moody’s Foundation as presenting sponsor, GoDaddy, Pitney Bowes Foundation, MasterCard, and The Coca-Cola Company.)
INTELLECTUAL PROPERTY RIGHTS: All Submitters retain ownership of all intellectual and industrial property rights (including moral rights) in their Submissions, including their videos.
Definitions. "Submission" means an entry consisting of the original beverage concept material submitted to the Challenge submitted by the Submitter. "Developer IP" means any and all Intellectual Property contained or embodied in the Submission. "Intellectual Property" means copyrights, design rights, patents, designs, registered designs, trade marks, service marks (or an application for any of these), inventions (whether patentable or not), invention disclosures, discoveries, improvements, processes, test and qualification processes, schematics, specifications, formulae, procedures, proprietary information, know-how, technology, trade secrets, technical data, works of authorship (whether copyrightable or not), mask works, software (in source code and object code forms), databases, data collections and documentation and all copies and tangible embodiments of any of the foregoing throughout the world in whatever form or medium.
Representations and Warranties Regarding Third Party IP. The Submitter represents and warrants to Sponsors and Organizer that Submitter has not submitted any Submission that infringes any third party proprietary rights, intellectual property rights, industrial property rights, personal or moral rights or any other rights, including without limitation, copyright, trademark, patent, trade secret, rights of privacy or publicity, or confidentiality obligations of another.
Representations and Warranties Regarding Developer IP. Submitter represents and warrants that the Submission including all content and material used in the Submission is the original work of the Submitter and that Submitter is the sole owner of all copyright and other Intellectual Property in the Submission.
Other Representations and Warranties. Submitter represents and warrants that:
- The Submission does not violate applicable U.S. law or the law of the Submitter's country of residence; and
- The Submission has not been entered in previous contests or won previous awards; and
- The Submission has not been published or distributed previously in any media; and
- The Submission does not contain any claims that are not and cannot be substantiated or that would be false and/or misleading to a reasonable consumer.
RELEASE: To the maximum extent permitted by the law, the Submitter hereby releases, waives and forever discharges Sponsors and Organizer and any and all of their respective affiliates, officers, employees, members or agents of and from any and all claims, obligations, debts, causes of action, and liabilities whatsoever, wheresoever arising, of every name and nature, both in law and in equity, which the Submitter ever had or may later have in relation to the World Series of Innovation or Submitters participation in the World Series of Innovation.
CONSENT: The Submitter hereby consents to use of the Submitter's name, images, photo, city, state, likeness, Submission and prize information worldwide, in perpetuity, for all purposes (including advertising, marketing, promotion, in any media outlet including wireless/mobile devices and the exploitation of any and all ancillary and subsidiary rights) and the same may be edited, in all media now known or hereafter created, throughout the world, without limitation and without further payment or consideration, except where otherwise required by law. The Submitter additionally consents to the release of all Personal Data collected by the Organizer and the Organizer's agents, to the Sponsors.
INDEMNITY: To the maximum extent permitted by law, the Submitter agrees to defend, indemnify and hold harmless the Sponsors and the Organizer, and their affiliates and their respective directors, officers, employees and agents from and against any and all claims, actions, suits or proceedings, as well as any and all losses, liabilities, damages, costs and expenses (including reasonable attorneys' fees) arising out of or accruing from (a) any act, default or omission on the part of the Submitter; (b) Submitter's breach of any warranty set forth herein; (c) any material uploaded or otherwise provided by the Submitter that infringes any copyright, trademark, trade secret, trade dress, patent or other intellectual property right of any person or defames any person or violates their rights of publicity or privacy, (d) any misrepresentation made by the Submitter in connection with the Challenge; (e) any non-compliance by the Submitter with the Rules applicable to the Challenge; and (f) claims brought by persons or entities other than the parties to this Agreement arising from or related to the Submitter's involvement with the Challenge or use or acceptance of any prize or prize-related activity including any responsibility for travel or accommodation associated with the Challenge.
LIMITATION OF LIABILITY: With the exception of the prizes as described on the PRIZES page, the sponsors and organizer's liability for any and all claims arising in connection with this challenge, under any legal theory (including negligence and strict liability), shall not exceed one hundred dollars ($100). In no event shall the sponsor or the organizer be liable for any loss of data, lost profits, business interruption, or other special, incidental, consequential, punitive, indirect, or speculative damages under any legal theory (including negligence and strict liability).
EQUITABLE REMEDIES: The Submitter hereby acknowledges and agrees that any breach of this Agreement may not be adequately compensated by monetary damages. Accordingly, in the event of such a breach, the Submitter recognizes that Sponsors shall have the immediate right to secure an order from any competent court enjoining such breach, without posting bond or other security. This undertaking shall be enforceable without prejudice to any other rights or remedies that Sponsors may have at law or in equity.
WAIVER OF BREACH: The Submitter acknowledges that any failure by Sponsors to exercise any available rights at any time with respect to any breach shall not constitute a waiver of those rights with regard to that breach, or to any subsequent breach. The exercise of any right or remedy shall not exclude the current or subsequent exercise of any other available right or remedy. Any waiver by Sponsors must be in writing signed by Sponsors.
Last updated: August 15, 2016