1. START:IP starts on 01.04.2018 and ends on 31.03.2019.
  2. START:IP is organized by INiTS Universitäres Gründerservice Wien GmbH.
  3. All information about the technologies provided on the websites startip.at and www.startip.eu are non confidential.
  4. In case confidential information has to be shared between technology provider and founder, a separate non-disclosure agreement will be concluded between the parties.
  5. In order to participate in START:IP, registration is required via the website startip.at or www.startip.eu; only natural persons aged 18 or over are eligible to participate.
  6. Login data (user name and password) must not be passed on to a third party.
  7. The registration fee for private individuals is EUR 96 incl. VAT, for representatives of companies EUR 600 incl. VAT and entitles the user to view detailed information on the technologies offered and to participate in the team building event and the final event (1 person only).
  8. The maximum number of participants for the team building event is 150 persons.
  9. If one or more founders decide to investigate a technology presented at START:IP with respect to the exploitation potential and develop an inital business modell, this will be considered a claim of the technology.
  10. Technology provider and organiser must be informed by email until 15.02.2019 the latest about the claim of a technology.
  11. For a claimed technology in accordance to item 9 the organizer is entitled to charge the claim fee of the founder which amounts to EUR 120 incl. VAT. After full payment, the founder is thus granted the right of first refusal which expires on March 31, 2019. This means that the technology provider will not conclude any contract (license or transfer) with a third party without offering the company or the founder the opportunity to conclude the same deal on the terms offered to the third party.
  12. The founders are free to purchase a founder package at a price of EUR 1,800 incl. VAT. The founders package comprises the following services:
    • Contingent of 10 hours for consulting and coaching services by an INiTS consultant (expires on March 31, 2019)
    • Eligibility to participate in all INiTS workshops offered until March 31, 2019. Excluded are workshops part of either the INiTS Startup Camp or the Health Hub Vienna.
  13. Regardless of whether a founders package is purchased, all founders that decide to claim a technology are committed to present the developed business model at the closing event to invited companies, investors and representatives of research institutions (for max. 15 mins), and to provide the presentation to the technology provider until 31.01.2018 for his/her further use.
  14. If the founder concludes that the technology claimed does not provide the foundation for a sustainable business model, the obligation to present at the closing event ceases. However, the founder commits to summarize the grounds in writing and give a copy of this 1-page document to the technology provider for his / her further use until March 31, 2019 the latest.
  15. In the case that the number of teams presenting at the closing event is less than 3, the organizer reserves the right to cancel the closing event.
  16. In the event that a license agreement or a purchase agreement is concluded between the technology provider and the founder or the founded company until December 31, 2021, the organizer is entitled to a success fee payable by the founder or the founded company. 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 March of the following calendar year at the latest, by which time all information relevant for the assessment of the success fee must be made available in a comprehensible form by the founder or the founded company. The invoice will then be issued by the organizer.
  17. The organizer is not liable for any loss of profit, whether there is no agreement between the founder or the founded company and the technology provider with respect to a license or purchase agreement or no company can be founded.
  18. The organizer accepts no liability for the accuracy or the correctness of the description of individual technologies.
  19. 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.
  20. Except of the registration fee all payments will be made to the organizer´s nominated bank account within 30 days of the invoice date.