FIRST CALL OF THE MASVENTURES ACCELERATION PROGRAM - 2019
1 – INTRODUCTION
Grupo MASMOVIL, the fourth telecommunications operator in Spain with more than 7.5 million customers, in collaboration with Inveready, one of the most important seed funding in our country, has launched MASventures. This is a newly open innovation platform that will act as an innovation engine within the Group, and that will enhance the commercial relationship and investment in start-ups focused on the new technologies sector.
With this initiative, the MASMOVIL Group, which was born as a start-up in 2006, has launched the development of its open innovation strategy through a “Corporate Venturing” model. This formula will allow the identification of new models and disruptive technologies in an agile and efficient way. Thus, understanding the great value that start-ups and entrepreneurs can bring to the Group.
As part of MASventures, the FIRST CALL OF THE ACCELERATION PROGRAM (henceforth “the Program”) has been launched.
2 – OBJECTIVE OF THE PROGRAM
The entity XFERA MÓVILES, SAU, with CIF A-82528548, registered at the Avenida de la Vega, nº 15, 28108, Alcobendas, Madrid office (henceforth, “ORGANISER or MASMOVIL GROUP”) organises an ACCELERATION PROGRAM for Projects, Companies or start-ups, named in this document as “Projects or Project” to refer to any of these designations.
The objective of the Program is to identify solutions that can provide value to the MASMOVIL Group in one way or another. For example, through the incorporation of a new product or service for the improvement of processes or operations or for the improvement of profit margins or reduction of costs, work together to validate the opportunity for integration and implementation of a pilot and evaluate the potential investment in the projects.
The Program will be governed by these rules, which, by the mere fact of submitting your application, the rules will be understood as accepted without any reservations by the participants.
3 – PARTICIPATION IN THE PROGRAM
Participation in the Program is voluntary and free.
Individuals or legal entities that meet the following requirements can participate in the Program:
- Be of legal age and have full capacity to work.
- Have formalised the enrolment in the Program in a timely manner, completing all the required information.
Participants who, in an original or certain manner, fail to comply with any of these requirements may be eliminated at any time as Participants of the Program, losing any option to continue in it.
The data that Participants provide when registering in the Program must be truthful. Participants who complete incorrect or incomplete data will lose their chance of participating in the Program.
The ORGANISER reserves the right to eliminate, without prior notice, all Participants who manifest, through acts or omissions, fraudulent, abusive or contrary to law, rights of third parties and / or good faith. Also, may eliminate those Participants who carry out fraudulent actions destined to obtain a higher score or to alter in either way the results of the Program, in their own favour or not.
The Participants of the Program must present a business project (the “Project”) as indicated in the section “PROGRAM REGISTRATION OF PROJECTS”.
The Project must meet the following requirements:
a) Companies incorporated with no seniority limit or Business projects promoted by persons or unincorporated businesses.
b) It must have a technological base or incorporate some element of innovative character that will have to be described in the inscription.
c) It must be a profit-orientated business.
d) Although it is not an essential requirement, the international vocation of the Project will be positively valued, as a means of fostering the global business culture.
e) It must not contain contents subject to intellectual or industrial property rights of third parties for which the authorization or license has not been obtained.
f) It must not be, nor have any content contrary to law, morality or public order, incite racism, xenophobia, gender violence, and homophobia. Also, attempt against human dignity, the right to honour, personal and family privacy and to one’s own image, to violate the principle of non-discrimination based on race, sex, religion, opinion, nationality, disability or any other personal or social circumstance, as well as other values or rights. The ORGANISER reserves the right to remove from the Program the Projects that, in their own discretion, contain images or contents of such nature.
In the event that any Project, selected or not, fails to comply with these requirements and/ or violate the rights of third parties of any nature, the Participant will respond personally, assuming full responsibility, exempting from any liability and without affecting the ORGANISER.
In any case, the ORGANISER reserves the right not to admit to the Program or to eliminate the Projects or the Participants that, according to their own and free criteria, do not meet the technical and/or legal requirements.
4 – PROGRAM REGISTRATION OF PROJECTS
In order to participate in the Program, the application must be completed through the external F6s platform, where a presentation form entitled “MASventures by Grupo MASMOVIL” has been enabled and is accessible at the following website: https://www.f6s.com/masventures-programa1/apply
To participate in the Program, you must accept, in addition to these bases, the conditions of the F6s platform.
The participation form itself indicates the information required to describe the company, or project. It must be completed in a concrete manner with the information that best serves to assess the proposal and potential by the MASMOVIL GROUP.
Once the correct and total registration has been verified, a confirmation email will be sent to the participants.
The registration period will be as indicated in the “CHRONOGRAM” section of these rules.
5 – EVALUATION OF CANDIDATURES
All applications received within the registration period will be analysed in the same way.
Firstly, it will be confirmed that they meet all participation requirements and that they accept the conditions set forth in these rules.
Subsequently, an internal evaluation committee, made up of technical personnel appointed by the MASMOVIL Group, will analyse the Projects based on the criteria defined in the section “EVALUATION CRITERIA”, obtaining a classification of all the candidates.
Any of the projects that have obtained the best score, may be required new or different information in order to clarify or expand some aspect of their application, and personal interviews might be arranged if the Evaluation Committee require them.
6 – EVALUATION CRITERIA
- Creativity and innovation criteria
- Advances in technology development
- Degree of innovation and differentiation of the business model compared to the existing competition
- Criteria regarding the entrepreneur team
- Clear competencies and capabilities for business success
- Team background
- Knowledge of the industry and/ or scope of the Project
- Commitment and dedication of the team with the Project
- Business criteria
- Potential market and possibilities for growth and profitability in relation to the telecommunications market or complementary activities in a broad sense
- Expected return, additional investment and risk analysis
- Marketing method
- Economic impact and scope of the Project
- International projection
7 – SELECTED PROJECTS
The Evaluation Committee, together with the MASMOVIL Group management team will select the five projects that can be better integrated and that achieve the objectives set by the Program.
The Committee’s decision regarding the five selected projects will be known within the 7 days prior to the start of the acceleration period, and the decision will be final.
The five projects proposed as participants, will be informed of this circumstance and to be confirmed, they must sign an agreement of participation in which they are committed to participate actively in the Program, under the conditions set by these rules and that there is no circumstance that has changed.
The ORGANISER reserves the right to select less than five projects, even postpone the program, or cancel it if it considers that none of the proposed projects meets the necessary requirements.
8 – SCHEDULE
- The deadline for registration of candidacies for the Program begins on January 23rd of 2019 at 10:00 a.m. until March 10th, 2019 at 23:59 a.m.
- The evaluation period begins on March 11th, 2019 until the beginning of the Acceleration period.
- The Acceleration Period begins on April 3rd, 2019 and will last for 4 months, until July 31st, 2019.
- At the end of the Acceleration Period until the Demoday, it will be a period of tests and preparation of metrics for the Demoday.
- The Demoday of the projects will be held in October 2019, with no date determined at the close of these bases.
These dates may be modified without prior notice if circumstances so require.
9 – BENEFITS FOR PARTICIPANTS
The selected projects will receive the following benefits:
- 4 months of Acceleration
- Joint work to integrate the Project within the MASMOVIL Group
- In collaboration with the operational departments of the MASMOVIL Group
- Access to experts involved in your area of activity
- Between 6 to 8 Mentoring sessions (1.5 hours approximately)
- Training, very adapted to real needs
- Implementation of a pilot with MASMOVIL
- Joint work to define, and implement a pilot in actual test environments defined with the technical and/ or operational team of the MASMOVIL Group.
- Possibility of Investment
- The MASMOVIL and Inveready Group have allocated funds to invest in projects that fit their portfolio and have been successful in the acceleration phase. The investment conditions will be jointly agreed between Investor and Invested.
- Opportunity to present the results of the Project in the Final Demoday of the Program, maximizing its visibility.
The aforementioned periods as well as the number of sessions are indicative and will be subject to the availability and capacity of the ORGANISER.
10 – ACCEPTANCE OF THE TERMS
All participants, for the mere participation in the Program, declare to know and accept in full these Bases. All participants expressly renounce any challenge to the terms contemplated in these Terms.
Any situation not resolved in these Bases will be raised directly to the organisers of the Program, which will decide the solution to the proposed incident, which at all times will be binding to the established Bases and which will be communicated in writing to the affected participant.
11 – CONTENT INTELLECTUAL PROPERTY. CONFIDENTIALITY IMAGE RIGHTS
The intellectual and/or industrial property of the submitted projects will belong to the participants who submitted them.
Participants in the Program must:
- Respond to the authorship and originality of the submitted projects.
- Do not infringe any third party right, whether industrial property, intellectual or any other.
- Guarantee that they are the holders of intellectual and/or industrial property rights related to the ideas presented to the Program.
The Participants authorise the ORGANISER to invite specialised press and/or generalist to cover the different phases, acts and events that take place during the Program. Similarly, all the Participants, during the different stages of the Program, authorise the ORGANISER to disseminate and publish their image, name, surnames and city of residence, as well as references, across the Internet and in specialised and/or general press media, as well as key references or basic information of your Project.
12 – RESERVATION OF RIGHTS OF THE ORGANIZATION
In case of error, misunderstanding or conflict in relation to the functioning of any part of the Program, the decision made by the Organisation will be conclusive and final. In the event that the development of this activity is affected by fortuitous events or force majeure, or cannot be carried out because of the present, foreseeable or supposed breach of any applicable Law or norm, the Organisation may cancel all or any part of the Program without the participants being able to make any claim for it.
The Organisation reserves the right to modify these Bases in at any time.
13 – DATA PROTECTION
The person responsible for the processing of personal data is XFERA MÓVILES, S.A.U. with A-82528548 and domiciled in Avenida de la Vega No. 15, 28108 Alcobendas, Madrid. On the web page, it informs you on how to contact with the Delegate for Data Protection.
The personal data of the participants will be processed to manage their participation in the Program, which may imply the publication of their data as a participant.
The data provided by the participants will be processed through a form (mandatory completion) using the external platform F6s. The data must be truthful, accurate and up-to-date.
It is not foreseen, that the data of the participants will be communicated, except legal obligation or that is necessary for the management of the event.
Participants can exercise their rights of access, rectification, opposition, deletion, limitation to processing and portability by letter to the above address or email firstname.lastname@example.org or those corresponding to the F6s platform in the case of the Information provided in the inscription available in the links: https://www.f6s.com/privacy-policy y https://www.f6s.com/data-security
In addition, participants can file a claim with the Spanish Agency for Data Protection.
14 – NULLITY OF CLAUSES
If any clause of these Terms is declared, totally or partially, null or ineffective, such nullity or inefficacy will affect only that provision or part of it that is null or ineffective. Also, subsisting in all other rest of the Bases and having such provision or the part of it that is affected by not being applied, except that, because it is essential to these Bases, it should affect them in a comprehensive manner.
15 – JURISDICTION AND COURTS
These Bases will be interpreted and prevailed in accordance with Spanish legislation. For any litigious issue arising from the existence, access, use or content of the Rules, both the participant and the Organisation, expressly renounce any other jurisdiction that may apply, submitting to the jurisdiction and exclusive jurisdiction of the Courts and Tribunals of Madrid.
Publication Date: January 23rd, 2019