Terms andConditions

Eligibility

Selection processPreparing and submitting a pre-proposal/proposalOur funding agreements who is eligible? Selection processPreparing and submitting a pre-proposal agreements Who is eligible? Selection processPreparing and submitting a pre-proposal/proposalOur funding agreements who is eligible? Selection funding agreements

Judging

The competition entries will be judged by a panel of judges based on criteria, which will be communicated to you in the course of the competition. A list of names of the judges can be viewed at the accelerator webpage and will be available for at least one month after the Grand Finale. The decisions of the panel of judges will be final. The finalists will be notified by email as per the dates announced on the accelerator page. The winner and runner-up will be announced at the Grand Finale and the details of the winner, runner-up and other finalists will be available on our Website for at least one month after the Grand Finale.

Mentors

During the course of the competition mentors may be made available to competing teams. Each mentor and team will be asked to enter into a non-disclosure agreement to ensure that obligations of confidentiality are in place regarding the teams’ confidential information. However, each team is responsible for ensuring that it does not disclose any confidential information to any mentor (or any other person) other than under obligations of confidentiality. You agree that we will not be liable for any loss or damage arising from the conduct of any mentor during the course of or in connection with the competition.

Intellectual Property Rights

We are the owner or the licensee of all intellectual property rights in the Website, and in the material published on it, including the trade marks "Panacea Innovation", “PanacaStars”. “Panacea Ventures”, “Open Stream” and “Structured Stream”. Those works are protected by intellectual property laws and treaties around the world. All such rights are reserved. You must not use any part of the materials on the Website for commercial purposes without obtaining a licence to do so from us or our licensors.
Subject to any existing or future agreement, you will retain all intellectual property rights created by you during your participation in PanaceaStars. However, in order to protect those rights, we recommend that you take legal advice as to what innovations are disclosable. By registering for PanaceaStars, you grant us a non-transferable, royalty- free, worldwide, perpetual, irrevocable licence to use your team name, team description, one-line pitch and non-confidential idea description for marketing purposes.

General

If there is any reason to believe that there has been a breach of these terms and conditions, we, at our sole discretion, reserve the right to exclude you from participating in PanaceaStars. We reserve the right to hold void, suspend, cancel, or amend the PanaceaStars competition where it becomes necessary to do so. If any court or competent authority decides that any provision of these terms is invalid, unlawful or unenforceable to any extent, the term will, to that extent only, be severed from the remaining terms, which will continue to be valid to the fullest extent permitted by law.
These terms shall be governed by English law, and the parties submit to the non- exclusive jurisdiction of the courts of England and Wales. Any changes Panacea Innovation and/or PanaceaStars makes to these terms in the future will be posted on this page and, where appropriate, notified to you by e-mail.

Our Liability

To the fullest extent permitted by law: we expressly exclude all conditions, warranties and other terms which might otherwise be implied by statute, under the common law, or otherwise; and we expressly exclude any liability for any direct, indirect or consequential loss or damage incurred by you in connection with the Website or in connection with your participation in PanaceaStars, however caused.

Prize

The prize is intended to enable to winner to turn the scientific ideas developed during the competition into marketable products. The winner will therefore only be eligible to receive the prize if: · the winner (whether an individual or a team) incorporates a limited company or other suitable corporate vehicle to receive the prize; and · the winner enters into an additional agreement (on such terms as may be agreed) to ensure that the prize is applied to the further research, development and/or marketing of the winner’s products and/or services in a suitable manner (which may without limitation include adherence to an approved business plan). We reserve the right not to award part/entire prize at our own discretion or if the winner refuses it or is unable to meet the conditions detailed above. The prize will be awarded within a reasonable time following the winner’s compliance with the conditions above. The winner’s prize may comprise the following elements: · thirty thousand pounds sterling (£30,000) funding which must be used as described above; · the use of facilitated lab and office (subject to suitability and availability); · access to mentors and ongoing support in relation to scientific, business development, legal and investment concerns (subject to suitability and availability), and in each case additional limitations, terms and conditions may apply. The runner-up’s prize may comprise the following elements: · the use of facilitated lab and office (subject to suitability and availability); · access to mentors and ongoing support in relation to scientific, business development, legal and investment concerns (subject to suitability and availability), and in each case additional limitations, terms and conditions may apply.

Privacy

For the purpose of the Data Protection Act 1998 (the “Act”), we are the data controller.
We are committed to protecting and respecting your privacy. We may collect and process data contained in information that you provide by registering for PanaceaStars (such as your name, address, date of birth, and email address) and in your correspondence with us. We may also collect details of your visits to our Website including, but not limited to, traffic data, location data, weblogs and other communication data. All information you provide to us is stored on secure servers within the EEA. Unfortunately, the transmission of information via the internet is not completely secure. Although we will use our best endeavours to protect your personal data, we cannot guarantee the security of your data transmitted to the Website and any transmission is at your own risk. Once we have received your information, we will use suitable procedures and security features to try to prevent unauthorised access. We may use information held about you for the purposes of your participation in and our administration of PanaceaStars. We may also use that information to ensure that content from the Website is presented in the most effective manner for you and for your computer, to carry out our obligations arising from any contracts into which we enter together, and to provide you with information about our products or services that you request from us or which we feel may interest you, where you have consented to be contacted for such purposes. You have the right to ask us not to process your personal data for marketing purposes. You can exercise your right to prevent such processing by contacting us at info@panacea-innovation.com. We may disclose your personal information to third parties for the purposes of your participation in and our administration of PanaceaStars, or where we are under a duty to disclose or share your personal data in order to comply with any legal obligation, or in order to enforce any contract. We may also disclose your personal information to third parties who help us run the Website, solely for that purpose. The Website may, from time to time, contain links to and from the websites of our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites. The Act gives you the right to access information held about you. Your right of access can be exercised in accordance with the Act. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

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WE ARE THE GLOBE’S EARLY STAGE DEEP SCIENCE TRANSLATION AND INVESTMENT HOME. We work with the world’s best minds to kickstart and grow ideas into products that address real humankind needs via novel science and technology. We provide the complete toolkit of early stage investment, R&D, business support, mentorship, incubation and top-notch industry partnerships.
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