Terms and Conditions of Program:
Through BNP Paribas / Plug and Play, the two entities are looking to create for the startups an open innovation platform. This allows startups to gain access to lines of businesses within BNP that can help scale a company’s product, expose the startups to a vast VC / Mentor network, and gain access to potential investment opportunities. BNP Paribas / Plug and Play require the selected information of applicants as part of the standard due diligence process, as startups are evaluated in terms of relevance for potential entry into the program.
To submit your application to the Accelerator Program you must first agree (on behalf of yourself and the company you are legally authorized to represent) as follows:
Please note that your submissions of materials, content, or information may be similar to other participants’ submissions, or other products or projects that BNP Paribas may be developing. You agree that you will not disclose to Plug and Play or BNP Paribas anything that you expect to be confidential or proprietary to you or your company. If you want to disclose any proprietary or confidential information, you must first contact Plug and Play and receive confirmation of whether Plug and Play or BNP Paribas are willing to sign a separate Non-Disclosure Agreement covering these specific communications. However, Plug and Play and the BNP Paribas agree that they shall not use code from your pre-existing software applications that you demo for Plug and Play or BNP Paribas as part of the Program. Given that you agree to not disclose to Plug and Play and BNP Paribas any confidential or proprietary information, you acknowledge that Plug and Play and BNP Paribas may use or disclose your submission or other materials or content you provide in connection with the Program, and the related ideas, concepts or information in them, in any manner, and you waive any claims against Plug and Play and BNP Paribas for such use or disclosure.
You also agree that you will not provide Plug and Play or BNP Paribas with any content or materials as part of your submission or otherwise as part of the Program that violates or infringes upon any third party intellectual property right.
Please also note that your submission does not guarantee your entry into the program, and no commitment is made by either Plug and Play or BNP Paribas to provide capital or engage in any commercial discussions or transactions with you or your firm. Neither Plug and Play nor BNP Paribas make any representations or warranties regarding the Program, or accept any liability for any claims or losses related to the Program. BNP Paribas is a third party beneficiary to this agreement.
You hereby grant BNP Paribas and Plug and Play the right to use your submission, name, photograph or other likeness (including photographs and video taken at Program Events), along with your company’s name, image, and trademark in connection with administering the Program, and marketing and promoting the Program and BNP Paribas’ sponsorship thereof, without further notification, permission, or payment.