Each participant expressly accepts that a brief description of the business proposal, after prior approval of the final text may be presented by IDEA to the general public and made visible through electronic, print or other media under and for the purposes of promotion of IDEA.
Team participants in IDEA remain the owners of any existing intellectual property rights in relation to their business proposal, as required by law.
Startup teams participating in IDEA give the right to IDEA and its founders (BoC and CIIM), to publicize their progress and achievements during their presence in IDEA and afterwards it, giving prior approval to the final texts used, solely for the purposes of implementing, promoting and advertising IDEA.
Electronic copies of all the relevant documentation of all submitted applications with the submitted business proposals will remain with IDEA for archiving purposes.
Any announcement in relation to IDEA and its call will be displayed on IDEA website and / or IDEA Facebook and its validity prevails to anything displayed elsewhere.
The qualified teams, who fulfill the terms and conditions, will enjoy IDEA facilities and services for a total of up to 9 months from the date of the signature of the participant agreement. After the end of the incubation period, the teams will move out of IDEA premises, taking all the relevant and necessary actions in order to complete the physical transfer of their company fifteen days (15) before the expiry date of the participant team agreement. Exemptions for extension of residency are examined rarely and to the absolute discretion of IDEA management.
Any unacceptable behavior according to the regulations, causing damage from fault or other behavior of the participants contrary to morality and the commonly accepted rules of social and professional conduct, and general abuse may cause exclusion from IDEA on the recommendation of the Manager of IDEA. In such a case when a team is removed or voluntarily withdrawn from the Programme, IDEA Management has the right to proceed with the substitution of the team.
Each team is liable for the validity and accuracy of the data contained in the business proposal as well as their personal data when submitting their application to IDEA. Any discrepancy in data submitted could lead to termination of the project, should it prove that it was intentional, careless, or has adverse effect on the community, to the absolute discretion of IDEA.
IDEA can, at its discretion, terminate the term of any startup team at the Accelerator and Incubator stage who are not making sufficient progress (Startups need to submit a progress report to the Manager of IDEA on very frequent intervals, as requested) and / or as defined by the set milestones throughout the term.
Termination may occur when startups are not working on the project based on which they were admitted for or the team members have been replaced without prior IDEA consent.