Terms and Conditions

Organising Company and Purpose of NASSCOM - CBRE DISRUPTECH

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  1. ORGANISING COMPANY AND PURPOSE

    CBRE South Asia Private Limited (“CBRE”) with registered office at PTI Building, Ground Floor, 4 Parliament Street New Delhi, Delhi 110 001, in collaboration with National Association of Software & Service Companies (“NASSCOM”) with registered office at Plot 7 to 10, Sector 126, Noida - 201303, hereby informs the Participants of the Terms and Conditions of the NASSCOM - CBRE DISRUPTECH, which they can participate in via the Microsite with URL: https://www.cbredisruptech.in. CBRE and NASSCOM are hereinafter collectively referred to as “Competition Organiser”) with CBRE having full technical authority over NASSCOM - CBRE DISRUPTECH and to enter into binding obligations for and on behalf of NASSCOM - CBRE DISRUPTECH and further authorized to make all other administrative arrangements required for the management and execution of NASSCOM - CBRE DISRUPTECH. NASSCOM - CBRE DISRUPTECH accepts all start-up projects in India working towards innovating and building technology solutions for the real estate sector. The NASSCOM-CBRE DISRUPTECH aims to identify budding start-ups working towards innovating and building technology solutions for the real estate sector. The collective objective here is to help accelerate the adoption of these technologies and drive digital transformation in the real estate landscape.

  2. DATES, LOCATION AND ELIGIBILITY

    The call for entries will commence on 2nd May 2019 at 00.00 (IST) and end on 8th June 2019 at 23.59 (IST), with no further entries being admitted beyond this point. The finalists will be selected between 10th June 2019 and 16th July 2019, pursuant to the procedures set out in these terms and conditions.

    CBRE reserves the right to suspend, delay, cancel or modify the duration of NASSCOM - CBRE DISRUPTECH at any time prior to the closing date, on grounds that will be published on the Microsite.

    NASSCOM - CBRE DISRUPTECH is only open to people aged 18 or over who meet the requirements set out in Clause 3. Participants from any city in India will be accepted

    NASSCOM & CBRE Employees will be excluded from participating, as well as those people and companies which somehow hold a personal or business relation with NASSCOM & CBRE. Provided that, NASSCOM & CBRE have the right to ask whenever required from every participant to prove this fact, due to the possible existence of a conflict of interest. To enter NASSCOM - CBRE DISRUPTECH, Participants must present a business project

    Each Participant shall guarantee the accuracy of the information provided for their enrolment and participation in each stage of NASSCOM - CBRE DISRUPTECH. If the information supplied is found to be inaccurate, the right to receive the award shall be forfeited and the Participant in question shall be obliged to repay it.

  3. How to Apply?

    Anybody wishing to take part in NASSCOM - CBRE DISRUPTECH must complete the following:

    1. Register online on the website: https://cbredisruptech.in/ and accept the Terms and Conditions for NASSCOM - CBRE DISRUPTECH.
    2. Provide the documentation specified in detail below.
    3. Have access to an internet connection and personal email account in order to receive notifications and any necessary documents.

    CBRE will only consider Participants that fully comply with all the requirements set out these Terms and Conditions published on the Microsite. Participants must be able to clearly demonstrate that their solution satisfy the current needs in following sections:

    • REAL ESTATE FinTech: Solutions that infuse technology and innovation into the real estate business (Artificial Intelligence, Blockchain, Analytics, etc.). Solutions that simplify decision making and ensures high security, transparency and visual interactions in real estate transactions
    • SUSTAINABILITY: Environmentally sustainable solutions for the real estate industry (Smart Buildings, Energy Performance, Green Buildings, etc). Eco friendly solutions that adopt greener and cleaner measures in improving real estate industry’s impact on environment.
    • AGILITY AND EFFICIENCY in Real Estate: Solutions that improve processes and business efficiency across the real estate sector (Virtual Reality, Internet of Things, etc.). Agile solutions that can quickly reconfigure the business and support functions with an eye toward value-creation and value-protection opportunities
    • MADE FOR INDIA: Solutions that are tailor made for the Indian real estate sector. Solutions that bridges the gap in the Indian real estate market and enables India to become a global realty giant
    Documents Required:
    • Fill up a form with your company information and submit a preliminary pitch presentation detailing the innovative idea under the given segments.
    • Your pitch presentation should not be more than 12 slides and must cover the following aspects:
      1. Introduction Slide
        • Company name and logo with URL
        • One line that clearly describes the concept/product/service
        • Contact details (city, e-mail, mobile)
      2. Team
        • Highlight team members & their profiles
        • - Indicate if the person is a co-founder or founding team member or an employee – against each indicate the % of equity held (currently or planned if not yet distributed)
      3. The issue or pain point that your product/solution addresses:
        • Explain why the Real Estate industry needs your solution
      4. Product/Technology Overview
        • Highlight the uniqueness of the product or service or technology
      5. Business Model
      6. Size of the Market Opportunity
      7. Current traction
        • What have you achieved so far – product, customers, revenues, etc.
      8. Competitive landscape
        • Who are currently or in future likely to compete against your product/service and what is your plan to win this battle?
      9. Financials Current and Projections
        • Summary of your business plan (Annual only)
      10. Funding Needs, Use of Funds & Proposed Valuation:
        • Describe how much money you want to raise and its planned usage
        • Mention if there are other co-investors (or others who have already committed)
        • Indicate how long will these funds last and what you will be able to achieve with it
        • Clearly mention if you are going to require follow-on capital, and if so, how much
        • The valuation you are seeking for this round.
      11. Current Equity Structure, Fundraising History and Investors
        • Table of current equity holding (cap table)
        • Mention previous investment history, including year, amount and investors
      12. Exit options for investors
      Please note, you can only apply once through a registered user ID. Once submitted, you cannot edit your details or submissions.
  4. Selection of the Winners:

    The winners will be decided by a Panel of judges, including both CBRE & NASSCOM representatives and external experts. The Judging Panel will examine all the ideas submitted from 10th June to 16th July 2019, post which they will announce a shortlist of the 10 chosen finalists.

    From all the Participants that meet the requirements expressly stated in these Terms and Conditions, the Judges will select the 10 that they believe should be invited to present their idea before the Panel on 26th July 2019. CBRE/NASSCOM reserves the right to modify the date of the event for any reason but agrees to provide the finalists and the members of the Panel with sufficient notice.

    Each one of the 4 verticals - REAL ESTATE FinTech, SUSTAINABILITY, AGILITY AND EFFICIENCY IN REAL ESTATE and MADE FOR INDIA, will follow the same evaluation scheme by scoring the following areas (the projects with the highest score will be selected):

    • Team (Founders profile, history etc)
    • Innovation Quotient/ Uniqueness of the Idea
    • Proof of Concept
    • Relevance for the Real Estate Industry
    • Overall Idea & Concept

    The finalists selected by the Panel to compete for the possibility of winning NASSCOM - CBRE DISRUPTECH, agree to attend the final event, as it is necessary and compulsory for the candidates to present their idea or project in person. If the finalist does not attend the event, he/she will be automatically disqualified from NASSCOM - CBRE DISRUPTECH.

    CBRE reserves the right to extend the date of the event for any reason, as well as modify or cancel the date of the event, but agrees that should this occur, it will provide the finalists and the members of the Panel with sufficient notice. CBRE will officially notify the finalists via email, as well as provide the date and location of the main event. The finalists must respond to the e-mail within three (3) working days, confirming that they wish to pitch their idea, accepting the terms and conditions of the Challenge and accepting a confidentiality and exclusivity agreement to work with CBRE & NASSCOM.

    Those finalists accepting the aforementioned agreement undertake not to collaborate with any third-party that may be regarded as a direct or indirect competitor of CBRE & NASSCOM or any other third party different from CBRE/NASSCOM. Further, the aforesaid finalists undertake to develop their projects solely and exclusively with CBRE.

    In the event that CBRE does not receive a reply from the finalists within the established timeframe, or if the finalist refuses to sign the required documents, it will be understood that said finalists has renounced any entitlement to the benefit.

  5. Awards:

    Three (3) winners will be selected and will receive the following awards:

    • 1st Position – Proof of Concept (POC) with a CBRE Client | Mentorship with an Investor for 3 months | Access to NASSCOM’s 10,000 Startups Virtual Program | Marketing support from CBRE (Advisory) for 3 months | Access to the biggest angel Fund in the real estate domain | Access to CBRE Global Network for 3 months
    • 2nd Position - Proof of Concept (POC) with a CBRE Client | Mentorship with a CBRE Business Leader for 3 months| Access to NASSCOM’s 10,000 Startups Virtual Program | Marketing support from CBRE (Advisory) for 3 months
    • 3rd Position - Proof of Concept (POC) with a CBRE Client | Mentorship with CBRE Business Leader for 3 months | Access to NASSCOM’s 10,000 Startups Virtual Program
  6. Timeline:

    Call for Entries: 2nd May 2019
    Official Closure of the Entries: 8th June 2019
    Expert Evaluations: 10th June to 16th July 2019
    Publication of Finalists: 17th July 2019
    Notification to Finalists: 17th July 2019
    Final Screening: 26th July 2019

    CBRE reserves the right to modify any of the aforementioned dates for any reason, but agrees to provide the finalists and the members of the Panel with sufficient notice.

  7. Confidentiality, Exclusivity and Non-Competition:

    All the information, documentation, software, training materials and techniques submitted by Participants in NASSCOM - CBRE DISRUPTECH shall be treated as confidential material. Any Participant receiving any kind of reward from CBRE, being these an economic prize, an acceleration or business development programme or any type of collaboration agreement must respond to the e-mail within three (3) working days, confirming that they wish to receive the award, accepting the terms and conditions of NASSCOM - CBRE DISRUPTECH and accepting a confidentiality and exclusivity agreement to work with CBRE. Those Participants accepting the aforementioned agreement undertake not to collaborate with any third-party that may be regarded as a direct or indirect competitor of CBRE & NASSCOM or any other third-party different from CBRE, besides they undertake to develop their projects solely and exclusively with CBRE. In the event that CBRE does not receive a reply from the winner or the awarded Participant within the established timeframe, or if the winner or the awarded Participant refuses to sign the required documents, it will be understood that said winner expressly renounces any entitlement to the award, and the award will be presented to the runner-up. If none of the winners comply with the terms and conditions set out in this paragraph, the award will be declared null and void.

  8. Data Protection:

    CBRE will collect and use your personal data including your name, photograph, company name, position, career profile, address and e-mail address in relation to the running of NASSCOM - CBRE DISRUPTECH and/or for the evaluation of your entry (“Purpose”). Such purposes would include: (i) contacting you, (ii) responding to your questions, (iii) notifying you of selection results and (iv) publishing selection results for NASSCOM - CBRE DISRUPTECH.

    CBRE outsources the handling of your personal data to its affiliates and partners who assist CBRE in providing NASSCOM - CBRE DISRUPTECH (“Affiliates and Partners”). Your personal data will not be published or shared with third parties other than Affiliates and Partners, except for the publication of limited personal data in selection results, and except where we are legally required to do so.

    You assume responsibility for the truth and accuracy of the personal data provided, and you hereby authorise the collection and processing of such data for the purposes hereof. In the event of any change to your data, please inform us so that we can keep our records up-to-date. CBRE’s Privacy Policy is available at https://www.cbre.co.in/en/about/india-privacy-policy.

    Provision of your personal data is voluntary, but if you do not provide your personal data, or if you subsequently withdraw your consent to us continuing to use your personal data, you may not be able to apply for or participate in NASSCOM - CBRE DISRUPTECH. We rely on your consent as the basis for its continued processing of your personal data.

    As CBRE is a global company, your personal data may also be transferred outside India to Affiliates and Partners. The other countries to which your data may be transferred may not have data protection laws as strict as those of India. Even so, in accordance with the applicable privacy law and CBRE’s Privacy Policy, we shall confirm that our Affiliates and Partners have established the internal systems necessary to keep the measures to protect your personal data and shall properly supervise Affiliates and Partners by way of a data transfer agreement or other appropriate means.

    If you wish to make a complaint about our handling of your personal data or possible breach of privacy laws, to see a copy of, or correct, the personal data that we hold about you or to withdraw your consent to our continued processing of your personal data, please contact us at: [DisruptechSupport@cbre.com] .

  9. Intellectual and Industrial Property Rights. Image Rights:

    In accepting these terms and conditions, Participants declare that the ideas and, where appropriate, prototypes that they develop during the course of NASSCOM - CBRE DISRUPTECH are unpublished and the sole product of their own imagination. They may therefore be put into practice without violating or usurping any third-party rights, and there is no dispute over the intellectual property rights (trademarks, patents, copyrights, etc.) relating to the solution submitted.

    Participants undertake to indemnify and hold CBRE and NASSCOM harmless against any potential claim made by a third party in respect of the intellectual property rights held over the entry or project submitted, and they hereby assume liability for any cost that may arise to the benefit of such third parties, including any legal costs.

    CBRE may propose collaboration agreements or joining NASSCOM - CBRE DISRUPTECH to Participants who have submitted ideas it finds interesting, regardless of whether the Participants in question have been short-listed or chosen as finalists.

    Ownership structure and project development shall be agreed individually in each case.

    In order to participate in NASSCOM - CBRE DISRUPTECH, each Participant, regardless of whether they win an award, and for non-limiting information purposes, authorises the Competition Organiser:

    • To capture, reproduce, publish and broadcast their image and/or voice in any format or medium, for informative and commercial purposes and to advertise NASSCOM - CBRE DISRUPTECH and other promotions, on a worldwide basis, including websites and in all cases for the maximum term permitted under laws of India.
    • To interview them and collate their opinions on NASSCOM - CBRE DISRUPTECH and, where applicable, the award won, with the Participant undertaking to remain available for such requests for information under the responsibility of the Competition Organisers.

    Additionally, any eventual winner, upon acceptance of the award, grants their consent for their image, voice, name and surname(s) to be published and made public by the Competition Organiser using profiles on different social media networks.

    Under no circumstances may the Participant claim any financial sum derived from the use of the aforementioned images by CBRE, beyond the receipt of awards during the potential Challenge awards ceremony.

    The winner of NASSCOM - CBRE DISRUPTECH may not request any payment whatsoever, nor may they oppose the publication of their image, without their express written withdrawal from NASSCOM - CBRE DISRUPTECH or the award, respectively.

  10. Acceptance of Terms and Conditions Modification or Cancellation:

    Submission of the registration form and participation in NASSCOM - CBRE DISRUPTECH shall necessarily imply full and unconditional acceptance of the terms and conditions set out herein and of their interpretation by the Competition Organisers.

    Any breach by Participants of the terms and conditions contained herein shall result in exclusion from NASSCOM - CBRE DISRUPTECH.

    Participants shall furthermore accept any decision made by CBRE and the selection committee with regard to the Participants and projects chosen to enter NASSCOM - CBRE DISRUPTECH. CBRE reserves the right to end NASSCOM - CBRE DISRUPTECH at any time and/or early, and this shall not give rise to any liability for CBRE. The Competition Organisers shall make every effort to prevent NASSCOM - CBRE DISRUPTECH’s potential early cancellation from harming all or some of the Participants.

    CBRE or NASSCOM shall not assume liability for any potential loss, damage, theft, delay or any other circumstance of force majeure, such as strikes, or any other cause beyond the company’s control, that may affect the running of NASSCOM - CBRE DISRUPTECH, and it shall not therefore pay any compensation or indemnification as a result of these or any other causes.

    CBRE or NASSCOM shall not assume liability for the potential consequences of events of chance or force majeure that may affect the completion of NASSCOM - CBRE DISRUPTECH. Under no circumstances shall CBRE or NASSCOM be held liable for mistakes in the provision of services by any other person or organisation whose participation is required for the proper running of NASSCOM - CBRE DISRUPTECH. In the event that any kind of fraudulent participation in NASSCOM - CBRE DISRUPTECH is detected (among other things, the falsification of data, identity theft, the infringement of any intellectual property right, etc.), this shall result in disqualification from NASSCOM - CBRE DISRUPTECH. In this regard, CBRE and NASSCOM together reserves the right to take legal action against any Participant who engages in any fraudulent activity in relation to NASSCOM - CBRE DISRUPTECH.

    These terms and conditions represent the only agreement between CBRE and Participants in NASSCOM - CBRE DISRUPTECH, and they replace any other agreement made earlier between the said parties in relation thereto.

    CBRE and NASSCOM reserves all right of not to entertain or provide a response to any communication made in reference to NASSCOM-CBRE DISRUPTECH.

  11. ARBITRATION

    If a dispute arises out of or in connection with NASSCOM - CBRE DISRUPTECH, validity or enforceability of it (Dispute) then, either party shall give to the other written notice of the Dispute, setting out its nature and full particulars (Dispute Notice), together with relevant supporting documents. On service of the Dispute Notice, the parties shall attempt in good faith to resolve the Dispute. If the parties of are for any reason unable to resolve the Dispute within 30 days of service of the Dispute Notice, the Dispute shall be submitted to arbitration by a sole arbitrator, appointed by agreement between the parties, under the Arbitration and Conciliation Act, 1996. In the event the Parties are unable to agree on a sole arbitrator within 30 days of a notice of claim served on one party by the other, then each party shall appoint one arbitrator and the arbitrators so appointed shall appoint the third arbitrator. The place of arbitration shall be New Delhi and the language of arbitration shall be in English.

  12. GOVERNING LAW

    These terms and conditions and any dispute or claim arising out of or in connection with NASSCOM - CBRE DISRUPTECH or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of India and the parties submit to exclusive jurisdiction of courts at New Delhi, India.