Innovate is organised by The Factory NZ Limited.
These terms and conditions (the “Terms”) govern your entry into the 2022 Innovate Programme (the “programme”). By submitting an entry or idea in any form to the programme you agree to these Terms.
Who Can Enter
Entry to the programme is open to anyone who is a New Zealand citizen or permanent resident of New Zealand.
Each entry must:
1. Have the name and contact details of those entering;
2. Include all other information required on the entry form;
3. Be from within New Zealand;
4. Be submitted to us on or before midnight on 26th August 2022.
Can I enter more than once?
Yes – you can enter as many ideas as you like.
How will the judges decide who wins?
The Factory NZ Limited has endeavoured to select a panel of judges/mentors with a range of experience and knowledge in business, healthcare and innovation.
The judges/mentors will contribute to selecting up to five (5) finalists and will be responsible for selecting the overall winner.
The judges will use multiple criteria when selecting the overall winner, such as:
1. Ability to clearly articulate the problem being addressed
2. Ability to describe how the solution solves the problem
3. The potential benefits of the solution
4. The potential collaborators for driving the idea forward
Will I lose intellectual property rights surrounding my entry?
To the extent that you own any intellectual property rights around the idea included in your entry, those rights will remain your property. Nothing in these Terms grants us any interest in those rights (other than to the extent necessary for making an assessment in accordance with these Terms).
If the idea included in your entry involves the use of any third-party intellectual property, this must be disclosed in your entry.
The Factory NZ is committed to ensuring that all intellectual property contributors that arise from entry into the programme are recognised.
Confidentiality
We recognise the sensitivity of the information you provide, and will take care in handling confidential matters. The Factory NZ will ensure that its services are delivered in a manner that preserves the privacy of inventors, the confidentiality of commercially sensitive information and protects any potential value in intellectual property arising from an innovation.
Entrants that become a finalist will be required to sign a non-disclosure agreement to ensure the ideas discussed will remain confidential.
Obligations of confidentiality will not apply in relation to information which:
1. Is or becomes publicly known;
2. Is already known to us at the time of disclosure; or
3. Is independently acquired or developed by us or any third party without the benefit of use of your information.
We may retain for our records copies of all information you provide in relation to the challenge.
Do I need to have developed my idea?
No. We are interested in all stages of ideas. It doesn’t matter whether you have an initial idea, are at the research and development stage, have a working prototype or are already at the pilot and testing stages, you’re still eligible to enter.
Are there grounds for disqualification?
We can disqualify entries if we think they breach these Terms, are frivolous, contain offensive subject matter or could otherwise damage our reputation.
We may disqualify your entry if you attempt to approach any of the judges other than when invited.
Publicity
If you win a prize, you consent to The Factory NZ using your name and picture(s) for advertising and publicity purposes without further compensation.
Prizes
All prizes will be awarded at The Factory NZ and the judges' discretion and cannot be substituted or redeemed for cash and are not transferable.
No liability
You agree that under no circumstances will The Factory NZ or any of the programme partners be liable to you for any cost, expense, loss or other claim of any kind arising directly or indirectly out of your entry to or otherwise in connection with the programme.
Reporting
If you become a finalist in Innovate, you will provide The Factory NZ information around revenue, employment and any other information The Factory NZ might need for reporting purposes for up to 5 years after Innovate closes.
Competition Changes
The Factory NZ may change the competition rules and regulations at any time.
