Terms & Conditions

Overview

The Alipay-NUS Enterprise Social Innovation Challenge (the “Challenge”) is open to all enterprises which aims to achieve social impact in Singapore, Indonesia and/or Malaysia. Organised by NUS Enterprise and Ant Financial (the “Organisers”), the Challenge aims to leverage on digital technology to solve social issues relating to equality development and opportunities.  Areas of focus could include but not be limited to: helping low-income groups gain access to more jobs or education opportunities; helping the elderly and the disadvantaged groups such as people with disabilities, migrant workers and low-income families keep pace with the fast-changing society as technology advances.

The following terms and conditions are binding throughout the entire duration of the Challenge. By participating in the Challenge, all participants accept these terms and conditions (“Terms”), and agree to abide by them. The Organisers reserve the right to disqualify any Participants (as defined below) who is/are found to have violated the competition guidelines and the Terms stated herein.

The Organisers reserve the right to modify the competition guidelines and/or these Terms at any time and without any liability. Changes will be posted in writing on the Alipay-NUS Enterprise Social Innovation Challenge website.

1.0 Eligibility

1.1 Any individual aged 18 and above (“Individual”), group of individuals (“Team”) or existing/proposed legal business entity (“Business Participant”) (Individuals, Teams and Business Participants collectively referred to as “Participants”), who has an innovative business solution that leverages digital technologies to address social issues in Singapore, Indonesia or Malaysia, is eligible to participate, provided that:

1.1.1 Business Participants should not be a subsidiary of an existing corporation or have any legal relationship to a government body.

1.1.2   Proposed legal business entities need not register their business or incorporate their company before submitting an entry to the Challenge unless they are selected as one of the prize winners.

1.1.3   The number of years for which a Business Participant has registered or has been in full operations should not exceed 9 years at the time of entry submission.

1.1.4 The Business Participant should not have any religious or political agenda/affiliations.

2.0 Submissions and Participation

2.1 The Challenge has three competition rounds:

2.1.1 Preliminary round (online): Participants are to introduce their business solutions clearly.

2.1.2 In-market semi-finals round (in person): shortlisted Participants will be requested to pitch their business solutions to a panel of judges, in English, to be held in their respective country, i.e. in Singapore, Indonesia (Jakarta) or Malaysia (Kuala Lumpur).

2.1.3 Grand Finale round (in person): top 3 winners of the semi-final rounds from each country will be required to pitch to a panel of judges, in English, in Singapore on a specified date.

2.2 Online submissions must be made only in English.

2.3 Incomplete and/or untimely entries will be void and disqualified, regardless of any reason. The Organisers have the sole and absolute discretion to determine the eligibility of the Participants and the validity of the submission.

2.4 Only one application is accepted per Participant. If a Participant has submitted multiple entries, the last submission in time will be used for judging.

2.5 In any correspondence with Participants, if a Participant fails to respond within five working days, the Organisers reserve the right, at their sole discretion, to disqualify that Participant, and in the case of a potential Winner or Finalist (as defined below), under such circumstances, the Organisers shall have the right to replace with an alternative Winner or Finalist.

2.6 Submissions should be the original work of the Participant, and the Participant must have all the rights, permissions and consents necessary to submit the entry and grant all of the rights hereunder.

2.7 Participants shall ensure that the submission materials do not and will not infringe or violate any rights of any third party, including without limitation ay intellectual property rights, defamation, confidentiality or any contractual or other rights.

2.8 If any third party materials are incorporated in the submission materials, Participants shall ensure that licence or permission to use such materials was obtained and proper acknowledgement is given.

2.9 Participants grant to the Organisers, including appointed judges full access to the submitted entries and all its contents in connection with the Challenge. All submitted entries will be treated as company confidential and protected as non-disclosure unless requested by participants.

2.10 The top 3 winners of the semi-finals round from each country who will proceed to the grand finale round (“Finalists”) will be required to send at least one core member to attend the grand finale in Singapore.

2.10.1 Financial assistance (for only airfare and accommodation) for attendance to the grand finale will be provided for up to two representatives per Finalist who are residing outside of Singapore.

2.10.2 Finalists are required to present in English only.

2.11 Each Participant agrees to indemnify and hold the Organisers and their respective employees, directors, agents and/or other partners (the “Indemnitees”) harmless from any and all claims, liabilities, costs and expenses that may arise from a breach of the Participant’s obligations, warranties or representations under these Terms or in any way given as part of the Challenge.

2.12 To the extent permitted under applicable laws and save as set out under these Terms, each Participant agrees that the Organisers shall not have any liability or responsibility whatsoever for any claims, losses or damages (including direct, indirect, incidental, special, consequential or punitive) arising from the participation in the Challenge.

3.0 Confidentiality

3.1 All submitted materials will be treated as confidential and restricted to appointed judges and selected members of the organising committee from Ant Financial and NUS Enterprise.

3.2 Participants shall agree to co-operate with any reasonable requests by the organiser relating to any promotional and publicity activities in connection with the Challenge.

3.3 Participants acknowledge and agree that:

3.3.1   the Organisers and/or persons authorised by the Organisers may film, photograph and/or make any other forms of recording of the Participants in connection with the Challenge (“Recording”); and

3.3.2   intellectual property rights, title and interest in the Recording shall vest in the Organisers and/or such authorised persons (as the case may be) who shall be entitled to deal with all or any part of the Recording in such ways as they, in their absolute discretion, see fit.

3.4 The Organisers reserve the right to conduct background checks on the Participant(s) and their submitted business solutions. If necessary written authorisation shall be provided to allow these checks to be carried out.

3.5 The Organisers reserve the right, in their sole discretion, to disqualify any Participant who fails to authorise such checks or is deemed unsuitable or might reflect negatively on the Organisers and/or related corporate partners to the Challenge.

3.6 Personal data provided by the Participants in the registration for the Challenge and in the course thereof may be used by the Organisers for the purposes of managing the Challenge and communicating with the Participants as well as for any future promotional, marketing and/or publicity purposes. By participating in the Challenge, Participants are deemed to have given their consent to the processing of their personal data by the Organisers and their contractors (if any) as described above. All personal data collected in relation to the Challenge will be handled in accordance with the applicable data protection legislation.

4.0 Prizes and disbursement of cash prizes

4.1 Top prize of SGD50,000 for the grand finale winner and 9 other prizes at SGD10,000 each, for top 3 winners in each country from the semi-finals round (i.e. Singapore, Indonesia and Malaysia) (each a “Winner” and collectively “Winners”).

4.2 The cash prizes will be fully paid within 1 month from: (a) the date of announcement of such Winners (“Announcement Date”), if it is an incorporated entity; or (b) the date of incorporation of a Winner, if that Winner has yet to be incorporated on the Announcement Date.

4.3 Names and photos of Winners may be released on social and electronic media.

4.4 Winners which are registered and operating in their respective locations must be able to receive foreign currencies from an offshore entity.

4.5 Each Winner will be solely responsible for complying with applicable laws, rules and regulations relating to the prize and for bearing any personal income tax, withholding tax or any other applicable taxes arising from receiving the prize.

4.6 Winners may be invited to exclusive events, potential mentorship or incubation support, potential collaboration on projects, where deemed suitable, with the Organisers.

5.0 Decisions regarding the Winners

5.1 All decisions of the judges are final and not subjected to appeal.

6.0 Marketing and Promotion

6.1 Results of Participants shortlisted for semi-finals and grand finale rounds will be made public. The grand finale event is open to public, including members of the media/press.