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  • Terms & Conditions

    The T’s & C’s

Definitions

  • ANU: The Australian National University
  • IACT:  InnovationACT, an initiative of The Australian National University
  • Student: An individual enrolled in a qualification at a Participating Institution at the time of registration. The qualification delivery is of a minimum six month duration (full-time load), or part-time equivalent.
  • Graduate: An individual who has graduated from a qualification at a Participating Institution. The qualification delivery was of a minimum six- month duration (full-time load), or part-time equivalent.
  • Staff: An individual working for a Participating Institution, on a minimum 25% full-time load at the time of registration.
  • Participating Institution: Any of the following institutions: The Australian National University, University of Canberra, Canberra Institute of Technology, University of New South Wales, Charles Sturt University, Australian Catholic University, or Academy of Interactive Entertainment.

1. Eligibility

In order to be eligible for Seed Grant funding, Teams must meet all of the following criteria:

  1. Teams must consist of at least two team members
  2. All team members must be Students, Staff and/or Graduates from Participating Institutions.
  3. Teams must consist of at least 50% Students.
  4. Each team member must register via the online form on the IACT website (innovationact.org) and added to their team by 1pm 19/08/17. Once registered, individuals may change teams only by contacting IACT Management via contact@innovationact.org. Changes to teams must be made by 1pm 19/08/17.
  5. An individual may be a member of only one Team. If a person registers as a member of more than one Team then all Teams they are a member of are automatically disqualified from receiving any grant.

2. Shortlisting process

  1. Teams will be shortlisted based on their team’s Points score. Points can be earned in the following ways:
    1. At least one team member registers for and attends Workshop 1  on 19/08/17 (one point available)
    2. Complete Workshop Challenge 1 by 5pm on 25/08/17 (one point available)
    3. At least one team member registers for and attends Workshop 2 on 26/08/17 (one point available)
    4. At least one team member registers for and After Hours – Mentor Matching on 05/09/17 (one point available)
    5. Complete Workshop Challenge 2 by 5pm on 08/09/17 (one point available)
    6. At least one team member registers for and attends Workshop 3 on 09/09/17 (one point available)
    7. Complete Workshop Challenge 3 by 5pm 15/09/17 (one point available)
    8. At least one team member registers for and attends Workshop 4 on 16/09/17 (one point available)
    9. Complete Workshop Challenge 4 by 5pm 29/09/17 (two points available)
    10. At least one team member registers for and attends Workshop 5 on 30/09/17 (one point available)
    11. Complete Workshop Challenge 5 by 5pm 03/10/17 (three points available)
    12. At least one team member registers for and attends at least one of the following After Hours events: 22/08/17, 29/08/17, 12/09/17, 19/09/17, 26/09/17 (one point available)
    13. Complete Bonus Challenges, announced throughout the program on the IACT Community Facebook group (multiple points available).
  2. Teams may continue to edit their Venture Concepts up until 5pm 03/10/17, with no edits after this time accepted.
  3. The 20 teams with the highest total Points as at 5pm 03/10/17 will have their Venture Concept assessed by the Judging Panel, with all teams tied for 20th place included.
  4. Venture Concepts will be assessed according to the following criteria:
    1. Is the team capable of executing the venture?
    2. Has the team provided evidence that their intended customers are supportive of their venture?
    3. Has the team demonstrated a need for funding?
    4. Has the team provided a realistic plan for the execution of their venture?
    5. Does the venture show a potential for growth?
    6. Does the venture provide any benefits to the Canberra community?
    7. Other factors relevant to the quality of the proposal
  5. The 10 teams with the highest score based on the Judging Panel’s assessment of Venture Concepts will be invited to present a Pitch on 17/10/17. Pitches must be less than five minutes in length.
    1. Is the team credible and capable?
    2. Is the venture compelling?
    3. Is the pitch clear?
    4. Is the plan for the venture justified?
    5. Other factors relevant to the quality of the pitch.
    1. The quality of the team’s Venture Concepts and Pitch
    2. The team’s estimation of funding required appropriate to the size and nature of the Seed Grants available
  6. Pitches will be assessed according to the following criteria:
    1. Is the team credible and capable?
    2. Is the venture compelling?
    3. Is the pitch clear?
    4. Is the plan for the venture justified?
    5. Other factors relevant to the quality of the pitch.
  7. The Judging Panel will determine the Teams that will receive Seed Grants based on the following criteria:
    1. The quality of the team’s Venture Concepts and Pitch
    2. The team’s estimation of funding required appropriate to the size and nature of the Seed Grants available
  8. The Seed Pool consists of at least $50,000, to be distributed in the form of seed grants. Seed grants will be awarded to a minimum of three and a maximum of ten teams and will be announced on 21/10/17. Seed grants will be awarded to the Teams with the highest scores based on their Venture Concepts and Pitch. The decision of the Judging Panel is final.
  9. Your Team acknowledges that all submitted work may be shared with a panel of judges for the purposes of awarding Seed Pool grants. Whilst the Judging Panel have been chosen in good faith, judges are not required to sign a confidentiality agreement, and ANU accepts no responsibility for any loss, cost, damage, expense, liability whatsoever that You or Your Team may suffer arising directly or indirectly from disclosure of submitted work to the Judging Panel.

3. Receipt of seed grants

If your team is selected to receive a Seed Grant, you agree to the following conditions:

  1. Your team must nominate one bank account for payment of Seed Grants.
  2. You may only use the Seed Grant funding as per your submitted Venture Concept or in a Revised Venture Concept approved by the IACT Program Coordinator.
  3. Your Team agrees to meet with the IACT Program Coordinator a minimum of three times in the six month period following the program to discuss your Team’s progress and use of the Seed Grants.
  4. Should your Team decide not to, or be unable to, use the Seed Grant funding as proposed in your submitted Venture Concept or your Revised Venture Concept, then your Team agrees to return all remaining Seed Grant funding to ANU.
  5. If any portion of Seed Grant funding is not used by 01/07/18, your Team agrees to return that remaining portion of the Seed Grant funding to ANU, unless you have received written approval from the IACT Program Coordinator stating otherwise.

4. Intellectual property

  1. IACT is free to participate in and ANU does not take an equity stake in any of the ventures developed as part of the IACT program.
  2. All work submitted by Teams must be the original work of the Team and involve ideas for which the intellectual property is in their name, or give appropriate acknowledgement of the ideas, contribution, scholarship and intellectual property of others insofar as they have been used.
  3. By participating in IACT, you acknowledge that any disclosure of intellectual property regarding your venture is at your own risk.

5. Content and media usage

  1. Each Team member acknowledges that they are providing personal and other information to ANU for the purposes of organisation and conduct of IACT. You give permission to the ANU to publish details regarding your participation in IACT.
  2. You acknowledge that any and all IACT events may be filmed, photographed or otherwise recorded, and then made available online or elsewhere by IACT and ANU. You agree that IACT may:
    1. make an audio or video recording of your image or voice;
    2. take a photograph of you;
    3. make any digital record of your image or voice during the course of IACT events; and
    4. use, copy, publish, make available, distribute, transmit, perform, display, edit or modify any such recordings anywhere in the world, but only for the purposes of academic and teaching and research activities, any promotion and marketing, and reporting and journalism.

6. Liability

  1. Other than in respect of liability for personal injury or death, you hereby agree that ANU will not in any case be liable to you and you hereby release and indemnify ANU and its officers, employees, students and agents (including award organizers, mentors and judges) from all and any claims for any loss, cost, damage, expense, liability whatsoever that you may suffer arising directly or indirectly from participation in IACT, including any liability for lost profit, consequential loss, loss of data or indirect or special damages, and whether the claim is grounded in contract, statute, negligence or any other theory of law.