BioStars Terms and Conditions

 

 

BioStars is a biotech business plan competition created and administered by Panacea Innovation Ltd (previously known as Oxford Biotech Ltd), a company registered in England and Wales with company number 09378046, whose registered office is at 7200 The Quorum, Oxford Business Park North, Garsington, Oxford OX4 2JZ (“we” or “us”).

By registering for BioStars, you are agreeing to be bound by these terms and conditions. In particular, we draw your attention to the section below headed “Our Liability”.

 

Eligibility

Details of how to enter BioStars are available on our website at www.biostars.co (the “Website”).

The BioStars competition is open to all post-graduate and MBA students, academics, industry professionals and other aspiring entrepreneurs aged 18 years or over, provided that at least one member of each entrant team must be under the age of 36 as at the deadline for application.

In order to claim the prize, we may require you and your team to form a limited company or other corporate vehicle to whom that prize may be awarded, in order to ensure that the prize is applied appropriately. The winning team may be advised on incorporation by mentors participating in the competition. Because we may require you to form a corporate entity, the competition is not open to any individual who has previously been disqualified by any regulatory body from being a company director under the laws of any territory. Foreign nationals may enter the competition but must ensure that at least one team member is legally eligible to act as a company director in the UK.

All entrants must be entitled to use any intellectual property they contribute to and create for and during the BioStars competition for the purposes of the competition and for the purposes described in their business plan. We recommend that entrants consult with their academic and research institutes before applying for BioStars to ensure that they are able to contribute and use any relevant intellectual property.

By entering the BioStars competition, you confirm that you are eligible to do so and eligible to claim the prize. We may require you to provide proof that you are eligible to enter the competition. We reserve all rights to disqualify you if your conduct is contrary to the spirit or intention of the competition.

 

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 here 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 in November. 

The winner and runner-up will be announced at the Grand Finale in March 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.

 

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);

·       access to CrowdCube without payment of its legal and administrative fees; and

·       free admission to BioTrinity,

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);

·       access to CrowdCube without payment of its legal and administrative fees; and

·       free admission to BioTrinity,

and in each case additional limitations, terms and conditions may apply.

 

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 BioStars, however caused.

 

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" “OB”, “BioStars”, “OB360°”, "360°”, “Oxford Biotech”, “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 BioStars. However, in order to protect those rights, we recommend that you take legal advice as to what innovations are disclosable.

By registering for BioStars, 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.

 

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 BioStars (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 BioStars. 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@biostars.co.

We may disclose your personal information to third parties for the purposes of your participation in and our administration of BioStars, 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.

 

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 BioStars.  We reserve the right to hold void, suspend, cancel, or amend the BioStars 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 BioStars makes to these terms in the future will be posted on this page and, where appropriate, notified to you by e-mail.