- Introduction: The 1 in a Million competition held from August 24th, 2016 to November 16th, 2016 (the “Competition”) is operated by the Ewing Marion Kauffman Foundation (“Foundation”) in order to (1) educate entrepreneurs on presentation skills with an emphasis on teaching each participant skills necessary to provide a concise, effective and time limited presentations that effectively explains his/her business to those unfamiliar with it; (2) provide a platform where entrepreneurs can put the learned principles to use and receive immediate feedback as to the quality of their presentation and accomplishment of the objectives above; and (3) help entrepreneurs to learn effective skills in generating awareness and support for a cause and give them a real life platform to put those skills to work in creating “buzz” about their presentations that is in public voting for a submitted presentation, which will in turn increase the amount of feedback each entrepreneurs receives for his/her video. “You” as used throughout this agreement shall refer to any individual that submits information related to the Competition and/or enters or attempts to enter the Competition.
- Prizes: The following prizes will be awarded to the winners of the Competition, which will be determined as described below:
1st place: $25,000.00
Runner Up Prizes (2nd -4th place each receive): $5,000.00
- Eligibility: You are eligible to win the Competition, if you meet the following requirements:
- You are at least eighteen (18) years old at the time the Competition begins;
- You provide a signed, completed, and accurate W-9 (or a W-8BEN for non-US Citizens) to the Kauffman Foundation no later than November 18, 2016;
- You produce your Work Product (see definition in Section 4 below) during the time parameters of the Competition and submit your Work Product for judging in accordance with the timeline requirements set forth in Section 6;
- You have registered for the Competition using the entry form located at https://kauffman.us.launchpad6.com/ and have acknowledged and agreed to comply with these official terms by pressing the “Submit” button.
- You have made a presentation at an official 1 Million Cups event from August 12, 2015, to August 24, 2016.
- The Work Product submitted meets the requirements of Section 6 below;
- The startup about which you are making a presentation is based in the United States or its territories;
- The startup about which you are making your presentation is the same startup that you presented at the 1 Million Cups event specified above;
- The individual designated to present submits the required information to register for the Competition on the Competition’s official website within the timelines provided for in Section 6.
- Ownership of Work Product: The information you submit during the Competition and the contents of any presentation you make during the course of the Competition, including the videos that must be submitted (the “Work Product”) will not infringe on any third party intellectual property rights. The Work Product will remain your property and you shall retain ownership rights in it. You agree to and do hereby grant to the Foundation a worldwide, royalty free, non-exclusive, irrevocable, license in perpetuity to copy, disseminate, publicly display and perform, create and own derivate works from, sublicense, and otherwise use the Work Product provided such use is consistent with the Foundation’s charitable purposes. The Foundation shall have no obligations to return or cease its use of any element of Work Product once it has been submitted. You herby do and agree that you shall indemnify the Foundation from and against any costs, awards or expenses or damages arising from a claim that your participation in the Competition violates the intellectual property rights of any third party.
- Use of Name and Publicity: The Foundation will be entitled to use your name, picture and fact of your participation in the Competition in order to promote the Competition (and any future events similar to the Competition that the Foundation may operate) and make its use of the Work Product without compensation. Without first obtaining the Foundation’s consent, you may not (1) use the Foundation's name, logo, trademark, tradename or (2) make any news release, public announcement, advertisement or other form of publicity concerning participation in the Competition.
- Selection Process, Timeline and Criteria:
The selection process and identification of winners will occur in four rounds:
a) Internal, private voting round to determine Top 40
b) Public Voting Round 1 to determine Top 15
c) Public Voting Round 2 to determine Top 5
d) Private Finalist Round to determine Winner
The judging criteria and deadlines for each phase are described below.
a) Internal, private voting round: During the initial, private voting round, You will submit a video that is one minute or less through the Competition’s official web site. This video must provide an overview of Your company that includes the problem that You believe it solves and the company’s Value Proposition.
Each video submitted will be evaluated by a judging panel of Foundation associates that will evaluate the following:
- Compliance With Instructions: Did the video comply with submission requirements
- The Big Question: Would you want another meeting with the leaders of this company?
The judging panel will narrow the submissions down to the 40 videos that the panel believes compare most favorably against the criteria above (the “Semifinalists”). How well any submission meets the criteria is a matter of opinion and the judges shall have the sole authority to determine in their sole and subjective discretion how well any submission meets the criteria. All judging decisions shall be final and are not subject to appeal. The timeline for the Internal, private voting round is as follows:
- August 24, 2016: Competition launch and begin accept 1 minute video submissions
- September 13, 2016: Initial video submission closes
- September 14 – 22, 2016: Internal voting to determine the Top 40
- September 23, 2016: Top 40 semifinalists determined and announced
b) Public Voting Round 1: The 40 videos will bemade publicly available on the Competition’s web site and the general public will be permitted to view the submitted videos and cast votes as to whether viewers like the video or not. The fifteen (15) videos that receive the most “Likes” will advance to the next round. The timeline for the Public Voting Phase is as follows:
- September 23 – September 30, 2016: Top 40 public voting
c) Public Voting Round 2: During the Second Public Voting Round, Semifinalists will submit a video that is three minute or less through the Competition’s official web site. This video should provide an overview of each Semifinalist’s company that includes the problem solved, the target market for the company’s primary product or service, the company’s value proposition and the market size for the product/service.
The 15 videos will bemade publicly available on the Competition’s web site and the general public will be permitted to view the submitted videos and cast votes as to whether viewers like the video or not. The five (5) videos that receive the most “Likes” (the “Finalists”) will advance to the Final Round. The timeline for the Second Public Voting Round is as follows:
- October 3, 2016: Top 15 semifinalists announced
- October 3-14, 2016: Top 15 submit 3 minute videos
- October 17 – 24, 2016: Top 15 public voting
- October 25, 2016: Top 5 Announced
d) Finalist Round: During the Finalist Round, the Finalists will submit a video that is six minutes or less through the Competition’s official web site. This video should provide an overview of each Semifinalist’s company that includes the problem solved, the target market for the company’s primary product or service, the company’s value proposition and the market size for the product/service in addition to sharing why they deserve to be 1 in a Million. The videos submitted will be made publicly available on the Competition’s official web site. However, each Finalist video will be judged by a panel comprised of individuals associated with the Kauffman Fellows program. The judges will evaluate each video against the following criteria:
- Compliance With Instructions: Did the video comply with submission requirements
- Presentation: Body Language/ Charisma, Clarity, Articulation, Passion
- Opportunity: Market Identification, Size and Attractiveness, Target Customer Identification
- Solution: Value Proposition, Differentiation, Financial Viability/ Profitability
- The Big Question: Would you want another meeting with this company?
- Why do they deserve to be 1 in a Million?
The judges will collectively rank each video one through five. The video that is ranked number one by the entire judging panel will receive the 1st place prize and the videos that finish in places two, three and four will receive a Runner Up Prize. How well any submission meets the criteria is a matter of opinion and the judges shall have the sole authority to determine in their sole and subjective discretion how well any submission meets the criteria. All judging decisions shall be final and are not subject to appeal. The timeline for the Finalist Round is as follows:
- October 27-November 1, 2016: Top 5 submit 6 minute videos
- November 2- 6, 2016: Top 5 judging begins with Kauffman Fellows
- November 7, 2016: Winner selected and Top 5 are notified
- November 16, 2016: Winner is announced
- General Terms: You will not be reimbursed for any costs incurred in connection with participating in the Competition. Winners are solely responsible for any and all taxes incurred by their participation in the contest and/or any prize that a participant may receive. The Foundation will report or withhold any individual winnings in accordance with applicable law (non-US citizens may be subject to additional withholdings). The Foundation reserves the right to terminate the Competition without awarding the Prize if the Foundation determines the winners do not meet the eligibility requirements. You may be required to provide proof of eligibility and compliance with these Official Rules. All decisions made by the Foundation in the administration of this Competition are final and are not subject to appeal.
- Site Usage Terms: The Foundation owns all copyright in the text, images, photographs, video, graphics and other content presented (“Web Content”) at the Competition’s official web site located at https://kauffman.us.launchpad6.com/ (the “Site”). T Except as expressly permitted by the Foundation in this Agreement, any person that accesses the site is prohibited from using the Web Content. Any person that accesses the site (“Site User”) may use and access the Site only for the Site User’s personal and non-commercial use unless express permission for another use of the Site is permitted in writing by the Foundation. Systematic retrieval of data or other content from the Site, whether to create or compile, directly or indirectly, a collection, compilation, database or directory is prohibited without the Foundation’s consent. The Foundation reserves the right to amend these Site Usage Terms at any time by posting an updated version and your use of the Site shall be subject to any amended Site Usage Terms beginning upon the date the amended terms are posted. Registration may be required for certain portions of the Site. The Foundation will not grant any user access to any registration-required portions of the Services unless he or she has completed the necessary registration. The Foundation may use any data submitted via the Site (which may include (i) personal information or comments you knowingly choose to submit, (ii) site usage information collected on an aggregate basis as Site Users browse the Site, (iii) Site usage information tied to your personal information, and (iv) log file information such as IP addresses, browser types, ISP, referring/exit pages, operating system, date/time stamps, etc.) by any Site User for the Foundation’s own charitable purposes, which may include sending information to you regarding the Competition and other Foundation related programs. You may unsubscribe at any time from any future communications you may receive. The Foundation may assign you a unique identification number to be stored in a file on your computer (a “cookie”) to make your future interaction with the Site better. The Foundation shall reserve the right to suspend any Site User at any time and for any reason including (but not limited to) (i) a Site User’s conduct that the Foundation believes violates applicable laws or regulations or standards of decency or (ii) transmitting material that is offensive, infringes on another party’s intellectual property rights, contains a virus, impersonates another person or entity, advertises a commercial product, disrupts the operation of the Site, collects or stores personal data about other users, attempts to decipher, decompile, disassemble or reverse engineer any of the technology on the Site, or is in violation of the Foundation’s instructions. The Site is presented for the personal enjoyment of Site Users and the Foundation makes no warranty or representation as to its availability, operation, fitness for a particular purpose. In no event will the Foundation or any of its officers, trustees or associates be liable to a Site User that results from a Site User’s usage of the Site.