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Terms and Conditions for JVP’s Climate Tech Program

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In conjunction, and as part of JVP’s Climate Tech Program (“Program”), JVP is offering applicants (“Applicant”) the opportunity to take part in an intensive 5-months scale-up program. The sections below reflect the terms Applicants of the Program must accept to be considered for acceptance. The Program is open to companies addressing any of the fields of climate tech, including but not limited to the following fields:

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• Cybersecurity

• IoT

• Fintech

• Mobility

• Enterprise Software

• FoodTech

• AgriTech

• SaaS

• Smart Building

• Construction

• WaterTech

• Logistics

• Energy

 

Eligibility

Entries submitted (“Submissions”) must represent the original work of the submitting Applicant.

An Applicant may be composed of an individual, group of individuals or a company. Applicants may be of any size, targeting any industry (healthcare, financial, industrial, retail, etc.), and may submit (in one application) as many ideas/products as they wish. However, each idea may only be entered into the Program once.

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By submitting an entry, the Applicant and/or any member thereof represents and warrants to JVP that it has all right, title and/or interest in the Submission and the information it contains is accurate and complete, and that by submitting the entry it is not and will not be violating any contract or third party rights including any patent, copyright, trade secret, proprietary or confidential information, trademark, publicity or privacy right, and the Applicant further agrees to indemnify and defend JVP, its affiliates, and any on their behalf against any claims or lawsuits, including attorneys’ fees, that arise from or result from such Submission.

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Applicants that have already secured financing, equity funding, debt facilitation or other capital arrangements from any source for their idea/product must disclose the amounts and sources of such funding in their application form. Any Applicant securing financial or other capital arrangements midway through the Challenge must immediately disclose to JVP the amounts and sources.

 

JVP is not required to provide feedback to the entrants regarding their status of the Submission at any stage of the process.

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Applicants are encouraged to obtain their own professional advice regarding applicable securities and intellectual property laws.

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Each Applicant and/or any member thereof voluntarily release JVP, their affiliates, representatives, and/or any on their behalf from any liabilities, responsibilities and accountabilities arising from participation in the Program. Applicants consent to the use of their names and any information submitted by them during the Challenge for advertising and publicity purposes (including press coverage, on-line advertising, as well as active discussions in the blogosphere), without additional consent or compensation.

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JVP may enlist partners (“Partners”) to collaborate on the Program, including NYCEDC, but not limited to. JVP may share Submissions with its Partners, as part of the review process, or as part of the Program. JVP and/or its Partners are NOT claiming ownership rights to any Submission. However, by submitting an entry, each Applicant grants JVP and/or any of its Partners an irrevocable, royalty-free, worldwide right and license to use, review, assess, test and otherwise analyze such Applicant's entry and all its content in connection with this Program and feature such Applicant's entry in connection with the marketing, sale, or promotion of the Program.

 

Review and Evaluation

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The evaluation due diligence, terms, and details of the Submission are solely under JVP’s discretion and will not be determined by Partners, or any of their affiliates. JVP reserves the right to invest (“Investment”) in any Applicant, as well as to decide not to invest.

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Such Investment, if any, shall be subject, among others, to negotiation and finalization of definitive agreements and commercial terms and satisfactory due diligence by JVP and Applicant.

 

To enter the Program, you must visit the application page and complete all forms.

Confidentiality

As a matter of convention and practicality, JVP, their affiliates, and/or any on their behalf do not sign confidentiality agreements as part of Program. The individuals who will have access to the submissions will be JVP representatives, Partners representatives, the reviewers mentioned above and industry experts. These representatives are largely professionals who regularly deal with confidential and proprietary information over the course of their work and may be involved in the creation of intellectual property for their respective organizations.

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Without derogating from the above, even if an Applicant marks its information (including its ideas, presentations and plans submitted throughout the process) as “confidential,” there will be no confidentiality obligation by any recipient of an Applicant's submission.

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Each Applicant should answer the questions on the application form in English. Applicants hereby give their consent that some of the information provided in the application form, including names of entrepreneurs, startups, and the abstract description of the company, or any part thereof, may be used by JVP in public documentation related to the Program. It is the responsibility of the Applicant to ensure that the abstract does not include any confidential information.

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In addition to the delivery of information with respect to the Program, JVP may request supplementary materials to assist in its due diligence. No proprietary information should be included in the Submission or sent for JVP’s review, which the Applicant would not want disclosed to potential investors.

 

Guidelines

The Program application process requires the acceptance of the JVP terms & conditions herein, and the completion of a Submission Form which can be accessed at the following website: TBD

The primary contact for each Applicant may be notified by e-mail of the application status. Personal meetings with members of the Applicant may be needed for the different stages of the screening process. Without derogating from the above, JVP may request, at any time, additional information from an Applicant in order to evaluate the Submissions, or for a potential investment purpose.

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Miscellaneous

Each Applicant agrees that it will not use any names, trademarks, logos or other copyrighted information of "JVP", “JVP Climate Tech Program” or any variation, adaptation or abbreviation thereof, or of any of its officers, employees, agents, or any trademark or trade name of the above or any affiliate thereof in any advertising or publicity without the prior written permission of such parties.

 

Any reference to JVP, and/or any of Partners in this document further relate to their affiliates. "JVP" shall mean any person, company, partnership, or other entity which manages or is managed, controls or is controlled by, or is under common control, directly or indirectly, by the same entity.

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JVP shall not be obligated, in any way, to select any Submission to participate in the Program, or to be considered for investment.

 

JVP and/or any of the Partners consider a variety of projects, plans, ideas and products as research ideas, product development and investment opportunities, and JVP and/or Partners and/or their affiliates, and/or any on their behalf, are not under any obligation to compensate an Applicant and/or any on its behalf for any Submission, regardless of whether JVP and/or any of the Partners, and/or their affiliates and/or any on their behalf pursue a similar or identical plan, idea, product or service in the future. JVP and/or any of the Partners and/or their affiliates and/or any on its behalf may be developing (or might develop in the future) products or technologies that are similar, identical, relate to or are or may be competitive with the products, ideas, services or technologies submitted by Applicants.

 

Each Applicant agrees that all claims against JVP and its Partners and their affiliates and/or any on its behalf and any others involved in the Program, based on or arising out of any proprietary and/or confidentiality rights in the submissions are expressly disclaimed.

JVP AND ITS PARTNERS AND THEIR AFFILIATES MAKE NO REPRESENTATIONS OR WARRANTIES OF ANY KIND CONCERNING THE PROGRAM OR INVESTMENT EXPRESS OR IMPLIED. IN NO EVENT SHALL JVP, PARTNERS, THEIR DIRECTORS, OFFICERS, EMPLOYEES, REPRESENTATIVES, AND AFFILIATES BE LIABLE FOR ANY ADVICE, INFORMATION OR DECISIONS MADE FOR OR ON BEHALF OF THE PROGRAM OR FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY KIND, INCLUDING ECONOMIC DAMAGES OR INJURY TO PROPERTY AND LOST PROFITS, REGARDLESS OF WHETHER JVP SHALL BE ADVISED, SHALL HAVE OTHER REASON TO KNOW OR IN FACT SHALL KNOW OF THE POSSIBILITY OF THE FOREGOING.

This Program will be governed by the laws of the United States of America, and each Applicant consents to the exclusive jurisdiction and venue of the courts of the United States of America for any disputes arising out of this Challenge.

Questions should be e-mailed to climate@jvpvc.com.

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Good Luck!