This is very similar to the Y-Combinator application and we're grateful for their example and template. This application contains 33 questions which you should be able to complete quickly (it's not a test). Note that we'd like you to share a one minute video introducing you and your founders http://bit.ly/2oTLhrA. Once you have that, completing this should be a breeze!
start
 
COMPANY OR TEAM

 
Team or company name *

What do you like us to call your team/startup e.g Ninja rooms
 
Team or company url, if any:

 
If you have an online demo, what's the url?

(Please don't password protect it; just use an obscure url.)
 
Describe your team or company in 50 characters or less. *

 
What is your team or company going to make? *

 
Phone number(s) *

 
FOUNDERS

 
Please provide an email address for each founder in the startup, including yourself.

Founders must have at least 10% equity in the company or team. We will send an email to each founder to fill out additional information about themselves.
 
Founder 1 *

 
Founder 2 *

 
Founder 3

 
For each member, please list: first name, last name; age; year of completion, school, degree and subject for each degree; personal url, github url (if any), facebook id, twitter id; employer and title (if any). Put unfinished degrees in parens. List the main contact first. Separate founders with blank lines.

Example: Sean, Penn; 25; graduated 2008; JKX University; BSc. in Engineering; sean@johnkeellsx.com; http://www.seanpenn.com/; facebook.com/seanpenn; @seanpenn; JKX, Chief Disruptor
 
Founder 1 *

 
Founder 2 *

 
Founder 3

 
Please enter the url of a 1 minute unlisted (not private) YouTube video introducing the founders. *

Follow the Video Guidelines here: http://bit.ly/2oTLhrA
 
Please tell us about an interesting project, preferably outside of class or work, that two or more of you created together. Include urls if possible.

 
How long have the founders known one another and how did you meet? Have any of the founders not met in person?

 
PROGRESS

 
How far along are you?

How long have you been working on your idea and how many things have you accomplished. Which stage of development are you at?
 
WHY?

 
What's new about what you're making? What substitutes do people resort to because it doesn't exist yet (or they don't know about it)?

 
Who are your competitors, and who might become competitors? Who do you fear most?

 
What do you understand about your business that other companies in it just don't get?

 
How do or will you make money? How much could you make?

(We realize you can't know precisely, but give your best estimate.)
 
How will you get users? If your idea is the type that faces a chicken-and-egg problem in the sense that it won't be attractive to users till it has a lot of users (e.g. a marketplace, a dating site, an ad network), how will you overcome that?

 
EQUITY

 
Have you incorporated, or formed any legal entity (like a Partnership or LLC) yet?

     
 
If you have not formed the company yet, describe the planned equity ownership breakdown among the founders, employees and any other proposed stockholders.

 
Please provide any other relevant information about the structure or formation of the company.

 
LEGAL

 
Are any of the founders covered by noncompetes or intellectual property agreements that overlap with your project? If so, please explain.

     
 
Was any of your code written by someone who is not one of your founders?

(Open source is ok of course)
     
 
Is there anything else we should know about your company?

(Pending lawsuits, cofounders who have left, etc.)
 
OTHERS

 
Please tell us something surprising or amusing that one of you has discovered.

(The answer need not be related to your project.)
 
What convinced you to apply to John Keells X?

(off the record :)
 
TERMS AND CONDITIONS

 
Terms and conditions *

The Open Innovation Challenge (“Challenge”) is a competition hosted by John Keells Holdings PLC (“JKH”) that is designed to create disruptive business models by encouraging talented and creative individuals and groups to design and to create cutting-edge solutions, aligned to the John Keells Group’s existing verticals. The Challenge is governed by these Terms and Conditions. Registering for the Challenge does not mean that you will automatically participate in the Challenge. From those who have registered, JKH will at its sole discretion identify and contact those who will be invited to participate in the Challenge and such determination of JKH will be final and binding and not open to appeal. If you are invited to participate, you agree to comply with all applicable laws, and to abide by these terms, any other guidelines or instructions provided to you during the Challenge. You also agree that all decisions of JKH and the Challenge’s judges are final and binding on you and not be open to appeal. The Challenge is void in any jurisdictions where it is prohibited or restricted by law.

1. The Purpose - A simple competition to create potential disruptive business models evidenced by a minimum viable product or prototype.

2. Format for Registration - You may register to be considered for the Challenge by filling out the registration form accurately with all relevant information as required by the form. Applications are available at www.johnkeellsx.com. By applying you accept the Terms and Conditions (and the Privacy Statement referenced in Section 14 of these Terms and Conditions) displayed as part of the registration process. In the event you would like to participate as part of team or company, the team can consist of no more than Three (03) members. Members of the team inclusive of a team leader (“Team Leader”) will need to be identified clearly on the registration form. JKH will then notify you or your Team Leader (if applicable) if you or your team has been selected to participate in the Challenge. If you or your Team Leader are not notified by JKH and/or selected to participate, you and/or your team will not be eligible for the Challenge. If you are part of a team, you agree that the Team Leader, as between you and the Team Leader, shall make all final decisions with respect to the team. It is solely your responsibility to ensure that you are properly registered. To the fullest extent permitted by applicable law, JKH will not be responsible for any lost, delayed, misdirected, illegible, incomplete, damaged or undeliverable submissions, or any delay or failure to transmit, receive or consider applications.

PARTICIPANTS ARE PROHIBITED FROM PROVIDING PUBLIC STATEMENTS OR ISSUING PRESS RELEASES TO THE PUBLIC ABOUT THE CHALLENGE WITHOUT THE EXPRESS WRITTEN CONSENT OF JKH IN EACH INSTANCE. FAILURE TO COMPLY WITH THIS REQUIREMENT MAY RESULT IN DISQUALIFICATION.

3. Venue and Dates - All registrations are to take place via a duly completed application process (see details in Section 2 above). Registration will commence on 02 May 2017 and close on 25th June 2017 at 11.59pm Sri Lanka Time ("SLT"). All participants must ensure that they fully comply with the registration process in order to be eligible to be shortlisted for the Challenge. JKH will review all eligible entries duly received as aforementioned in accordance with the selection and judging criteria as set out in Clause 7 below and shortlist a set of finalists. If you are shortlisted by JKH, JKH will notify you of the same on or before 21st of July 2017. If shortlisted, you will thereafter be required to attend an Open Day conducted by JKH to brief you further on the Challenge which shall take place on 1st August 2017, or other date specified by the organizers. You will thereafter be required to pitch your solutions/business models with necessary presentations, documents and prototypes to JKH and its selected panel of judges on the demonstration day on the 30th of October 2017. The time and location of the Demo day shall be posted at www.johnkeellsx.com.

4. Eligibility - There is no requirement for any purchase to be made or fees to be paid for registration or participation in the Challenge. However, you and your team (if applicable) are solely responsible for any and all expenses you may choose to incur in the course of participating in the Challenge, including but not limited to any air or ground transportation, passports and visas, hotel accommodation, meals, beverages and any expenses associated with traveling to the Open Day and Demo Day. You may only register for the opportunity to participate in the Challenge if you are an individual, team or company and is at least 18 years old (or at least the age of majority in your jurisdiction of residence, whichever is older) at the time of registration. You must describe how your solution will complement an existing JKH industry group or business unit. You may not participate if you are a resident in any jurisdiction where the Challenge is void or to the extent it is prohibited or restricted by law. In addition, employees of JKH and its subsidiary, affiliate and associate Companies shall be eligible to register and participate in the Challenge. JKH appointed representatives shall be entitled to advise participants.JKH may, without notice and at any time in its sole option, disqualify any registrant who:a) does not meet the Challenge’s eligibility criteria,b) fails to comply with these terms and conditions,c) attempts to register or participate in the Challenge in any manner or through any means other than as described in these terms and conditions,d) attempts to disrupt or undermine the Challenge or attempts to circumvent any of these Terms and Conditionse) acts in a manner that would bring disrepute to JKH and/or the John Keells Group Companies.

5. Guidelines - The solutions developed and submitted in connection with the Challenge must meet all of the following criteria:
a) Innovative, clearly articulated, attainable, organised and add value/ functionalities to existing business models which are intended to be disrupted to meet customer needs;
b) Must be viable, and add value to existing JKH businesses;c) Should not contain any material, information or the like that may contain, depict or refer to any content that would bring disrepute to, disparage or place JKH, any John Keells Group Company and/or the Challenge in a negative light;
d) It must not conflict with any of the John Keells Group’s values, or otherwise be objectionable to JKH (as determined by JKH in its sole discretion);
e) Should not contain, depict, imply or refer (explicitly or implicitly) to any crude, vulgar, obscene, sexually explicit, violent, disparaging, discriminatory, offensive, illegal or otherwise unsuitable language, activity or other content (as determined by JKH in its sole discretion);
f) Should not contain, depict or refer to any content of or which without merit refers to any third party (as determined by JKH in its sole discretion);g) Should not contain any content that violates any law or any third party’s rights (including privacy, publicity, personality and intellectual property rights);
h) Should not have been used by any company, corporation and/or submitted for any other challenge, program or promotion where you were required to grant any licenses or other rights with respect to such solution to such company, corporation or operator of a challenge or program, or any third party
i) does not trigger any reporting or royalty obligation to any third party;
j) must meet all other guidelines and criteria listed at www.johnkeellsx.com(as may be amended from time to time at the sole option of JKH)k) Should not contain and/or use any JKH, John Keells Group Companies trademarks, service marks, slogans, logos or social media as part of the solution, team name, or other materials; and
l) Should be in Englishm) JKH may disqualify any solution, without notice, if JKH at its sole option deems that the solution does not comply with any of the above requirements or otherwise with these Terms and Conditions.
n) Furthermore, you agree that there shall be no restriction on the right of JKH any company of the John Keells Group of Companies to replicate the concepts and ideas contained in your solution in the course of its business both present and in future.

6. Representations and Warranties - you represent and warrant that by participating in the Challenge:
a) you satisfy all eligibility requirements for participants;
b) you are the original creator of any present or future project used in this Challenge;
c) you have the sole right, title and interest in any present or future project used in this Challenge;
d) you and any present or future project used in this Challenge are in compliance with all applicable laws;e) you are the sole owner of the copyright and all other rights in any present or future project used in this Challenge and all content in and on any present or future project used in this Challenge;f) JKH or its Group companies will not infringe or violate any third party intellectual property, privacy or other rights by publicizing, displaying, copying, using, modifying, transmitting or otherwise using the any present or future project or media used in this Challenge. 

7. Judging Process - JKH and the Challenge’s judges will select the finalists in their sole discretion. Such decision shall be final and binding and not be open to challenge or appeal. Since we are seeking innovative ideas and solutions, there will not be a single criterion on which we will judge your submission. Solutions to determine finalists and overall award recipients will be judged on a combination of the following objective criteria:
• The outcome of the minimum viable product or prototype (based on usage data).
• The level of development of the Project
• The execution of the initial idea demonstrated by the founders to date.
• The strength and scale of the business value proposition.
• The compatibility of the project to an existing or related industry of the John Keells Group.Decisions of the judges and JKH with respect to all aspects of the Challenge will be final and binding and not open to challenge or appeal.

8. Award Recipients – In order for a participant to be declared a winner such participant must be eligible for an award in the Challenge, he, she or they must have complied with, and remain in compliance with, these Terms and Conditions, and must sign and deliver to JKH (within 10 days after JKH’s request) a standard declaration and release form, which will include: a declaration of the participant’s compliance with these terms and conditions, an acceptance of the award as provided, a publicity release, a liability release, a first right of negotiation to JKH and/or any John Keells Group Company to purchase the intellectual property for the solution/s, purchase equity of the company founded for the solution and any other documentation that JKH may in its reasonable discretion require.Participants acknowledge and understand that by attending any Challenge event that they may be photographed, videotaped and otherwise recorded and they agree to permit JKH to be granted a perpetual right to use the same as publicity and to sign an affidavit to this extent in the event JKH deems it necessary. Such material/footage will be the sole property of JKH which has the right to use, edit, adapt, post, stream, copy and exploit such material/footage and all elements embodied therein, including any names and likenesses embodied therein, in whole or in part, in any and all media now known or hereafter devised throughout the world, for the fullest extent permitted by applicable law, for advertising, promotional, trade and other purposes.JKH may request valid proof of identity, residency, age and other relevant documentation and may disqualify a participant if JKH at its sole discretion determines that the provided proof is not sufficient, inaccurate or if the participant (including, where applicable, all members of their Company or Team) fails to sign and return to JKH any declaration, affidavit, or release required by these Terms and Conditions.

9. Awards - : Selected winners will gain entry to JKx Incubator for a period of 6 months, where JKH will offer the following:
a. Seed funding of Sri Lanka Rs 2 million in cash for each selected winner for 5% stake valuing the business at Sri Lanka Rs. 40mn;
b. Participation in a curated curriculum ;
c. Office space in Colombo for a period of 6 months;
d. Access to interact with JKH Companies, upon execution of a confidentiality Agreement with JKH;
e. Access to Mentors at JKH; and
f. An option for JKH to acquire a further 25% stake in the business during or after the incubation period for an investment of Sri Lanka Rs. 50mn, valuing the business at Sri Lanka Rs. 200 mn.All awards or other opportunities must be accepted as awarded (with no substitutions), and may not be sold, transferred or assigned. Recipients of awards or other opportunities will be solely responsible for all travel and other costs associated with the Challenge and obtaining or redeeming the award(s) and/or opportunities, including but not limited to any air or ground transportation, hotel accommodation, meals, and beverages. All taxes in connection with any award or non-monetary opportunity are the sole responsibility of the recipient. Award recipients are responsible for the payment of any taxes on the awards received and should consult their tax advisors on any questions.

10. Right of first negotiation and refusal 
(a) Subject to the rights conferred on JKH and the John Keells Group Companies in Clause 5 above, in the event you are selected and invited to participate in the Challenge and upon your accepting the said invitation, you agree that JKH shall have the first right of negotiation and refusal to purchase the solution submitted to the Challenge inclusive of the intellectual property in respect of the same.
(b) Selected winners shall grant JKH and the John Keells Group of Companies the right to invest a further 25% stake valued at Sri Lanka Rs. 50 Mn in the winners business where the business is valued at Sri Lanka Rs. 200 Mn. In the event the business is valued at less than Rs. Sri Lanka 200 Mn, the selected winner shall ensure that JKH has the right to exercise its right to invest a further 25% stake in the selected winners business.

11. Confidential Information: Since JKH does not wish to receive or hold any materials submitted “in confidence” it is agreed that, with respect to your solution, no confidential relationship or obligation of secrecy is established between JKH and you, the team and/or company you represent when submitting a solution, or the owner of any part of your solution.

12. Cancellation - If for any reason JKH cannot run the Challenge as planned due to whatever reason including any force majeure events JKH may modify, extend, suspend or terminate the Challenge at its sole option, to the extent permitted by applicable law.

13. Limitation Of Liability: By participating in the Challenge you agree to release, indemnify and hold harmless JKH and the John Keells Group Companies and their respective affiliates, subsidiaries, advertising and promotions agencies and the judges, as applicable, and each of their respective agents, representatives, officers, directors, shareholders, and employees (collectively, “Entities”) from and against any injuries, losses, damages, claims, actions and any liability of any kind (including attorneys’ fees) resulting from or arising out of your participation in or association with or submission to the Challenge (including any claims alleging that your entry infringes, misappropriates or violates any third party’s intellectual property rights). Entities are not responsible for any miscommunications such as technical failures related to computer, telephone, cable, and unavailable network or server connections, related technical failures, or other failures related to hardware, software or virus, or incomplete, late or misdirected entries. JKH reserves the right to cancel, modify or suspend the Challenge should any computer virus, bug or other technical difficulty or other causes beyond the control of JKH corrupt the administration, security or proper play of the Challenge and to determine winners from among the shortlisted participants not affected by the corruption, if any, in their sole discretion.

14. No Obligation: You acknowledge that multiple participants may submit solutions that contain designs, concepts or technologies similar to your solution and that JKH, its subsidiaries and business partners may already be investigating or developing technical solutions or business activities that are related or similar to those that you disclose in your solution. You acknowledge and agree that JKH’s action with respect to another submission of a solution, or one of its own solutions or business activities, even if similar to your solution, shall not create any liability on the part of JKH to you or others. Furthermore, neither JKH nor any John Keells Group Company shall be restricted in any way from pursuing, developing, or commercializing, in any way that JKH and/or the respective John Keells Group Company sees fit, independent of you and at JKH’s or such John Keells Group Company’s sole discretion, any technology that is created independent of your solution. For the avoidance of doubt, you acknowledge that JKH is not obligated to take any action whatsoever with regard to your solution.15. Severability: The invalidity or unenforceability of any provision of these Terms and Conditions shall not affect the validity or enforceability of any other provision. In the event that any provision is determined to be invalid or otherwise unenforceable or illegal, these Terms and Conditions shall otherwise remain in effect and be construed in accordance with their terms as if the invalid or illegal provision was not contained herein.

16. Waiver: By entering the Challenge, you waive all rights to seek injunctive or equitable relief, or to claim punitive, incidental or consequential damages, or attorneys’ fees.

17. Law: You agree that these terms and the relationship between you and JKH shall be governed by the laws of the Sri Lanka.

18. Amendment – these Terms and Conditions may be amended and/or modified by JKH at its sole discretion from time to time and you agree to update yourself of such amendments and/modifications if any and to abide by the same.

We, having read and understood the Terms and Conditions attached above (including all guidelines and criteria listed at www.johnkeellsx.com) hereby consent and agree to be bound by and comply with the terms and conditions contained herein.
     
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