1. START:IP starts on 01.10.2019 and ends on 31.03.2020.
  2. START:IP is organized by INiTS Universitäres Gründerservice Wien GmbH.
  3. Technology providers are private or public research entities, including companies.
  4. Technology seekers are founders, investors, and company representatives.
  5. All information about the technologies provided on the websites startip.at and www.startip.eu are non-confidential.
  6. In the case that confidential information is going to be shared between technology provider and technology seeker, a separate non-disclosure agreement will be concluded between the parties.
  7. In order to participate in START:IP, registration is required via the website startip.at or www.startip.eu.
  8. Login data (username and password) must not be passed on to a third party.
  9. The registration fee entitles the user to view detailed information on the technologies offered and to participate in the Matching Day (1 person only).
  10. If one or more technology seeker decides to investigate a technology presented at the Matching Day with respect to the exploitation potential and develop an initial business model, this will be considered the claim of the technology.
  11. The technology seeker must inform the technology provider as well as the organizer about the claim of a technology by email by 15.02.2020 at the latest.
  12. For a claimed technology in accordance to item 11, the organizer is entitled to charge the claim fee of the technology seeker which amounts to EUR 250 incl. VAT. After full payment, the technology seeker is thus granted the right of first refusal which expires on 31.03.2020. This means that the technology provider will not conclude any contract (license or transfer) with a third party without offering the technology seeker the opportunity to conclude the same deal on the terms offered to the third party.
  13. If a license agreement or a purchase agreement is concluded between the technology provider and the technology seeker by 31.12.2023, the organizer is entitled to a success fee payable by the technology seeker. The success fee amounts to 0,5% of the annual net sales and is limited to a total amount of EUR 10.000 (excl. VAT). Thus, the payment obligation expires after the complete transfer of accumulated EUR 10,000 (excl. VAT). Settlement for an expired calendar year shall be made by 31.03 of the following calendar years at the latest. At this time, all information relevant for the assessment of the success fee must be made available in a comprehensible form by the technology seeker. The invoice will then be issued by the organizer.
  14. The organizer is not liable for any loss of profit, whether there is no agreement between the technology seeker and the technology provider, with respect to a license or purchase agreement or no company can be founded.
  15. The organizer accepts no liability for the accuracy or the correctness of the description of individual technologies.
  16. Any intellectual property (IP) created in the course of START:IP will belong to the creator of the IP in proportion to their share of the invention.
  17. Except for the registration fee, all payments will be made to the organizer´s nominated bank account within 30 days of the invoice date.