Terms

Bilkentpreneurs Challenge
(the “Challenge”)

Challenge Rules
(the “Rules”)

This Challenge is supported by the Beba Foundation and Bilkent Faculty of Business Administration (the “Sponsor”).

The aim of these Rules is to set out the terms and conditions governing your participation in the Challenge. By registering for this Challenge, you fully and unconditionally agree to comply with these Rules. If you do not agree with any of these Rules, do not register for this Challenge and do not submit an entry.

TERM

This Challenge begins on [Thursday, February 8, 2024] at [9am] and ends on [Friday, May 10, 2024] at [4:30pm]. The Challenge will be accessible 24 hours a day on the dedicated Challenge website operated by Bilkent FBA at [http://fba.bilkent.edu.tr/programs/undergraduate/bilkentrepreneur-challenge] (“the Challenge website”), subject to possible IT maintenance operations and malfunctions. Dates and times in these Rules refer to Ankara time.

AGREEING TO THE RULES

Any eligible person who is registered on the Challenge website and enrolls to participate in the Challenge (“Participant” or “You”), is required to review and accept these Rules. By accessing and accepting these Rules, You:

enter into a valid and enforceable contractual relationship with Sponsor regarding participation in the Challenge. The registration and enrolment in the Challenge do not set up any subordination relationship between the Sponsor and the Participant, and fully and unconditionally agree to comply with these Rules. Participants express their agreement by enrolling for the Challenge.

In case of non-respect of these Rules, the Participant will be immediately disqualified from the Challenge and no prize will be awarded.

REGISTRATION AND PARTICIPATION IN THE CHALLENGE

To take part in the Challenge, we must have received your completed registration and proposal submission by [Friday, April 5, 2024, at 11:59 pm].

To register, the Participant must submit a business proposal through the Challenge website and must have truthfully and accurately provided required information, such as full name, email address, etc.

Any registration based on inaccurate, false or incomplete information will result in the Participant’s disqualification. Refusing collection, recording and use of their personal data that is strictly necessary to performing the Challenge will result in the Participant’s disqualification. The participant is solely responsible for the information he/she provides while its registration. Any intentional or non-intentional mistake, anomaly or inconsistency, regarding this information, may result in the Participant’s disqualification. Sponsor reserves the right to proceed with all necessary verifications regarding the Participant’s identity, postal and/or email address.

If the participant withdraws from the Challenge or fails to participate in the Challenge, he/she will not obtain any compensation.

You must also have accepted the Rules as well as the Terms and Conditions of Use and the Privacy Policy, during your registration to the Challenge.

Registration for and participation in the Challenge is free, with no purchase or payment obligation.

ELIGIBILITY

This Challenge is open and offered solely to:

Bilkent University students aged eighteen (18) years and/or with full legal capacity.
Minimum one people per team will be required to be FBA students from the following programs: UG and/or MBA. Also, at least one person per team will be required to be a student from a non-FBA program.
All the documents that may confirm the Participant’s eligibility will be required prior to awarding any prizes (e.g. identity document, student card, etc.).
This Challenge is not open to Bilkent University staff.

PURPOSE OF THE CHALLENGE AND PARTICIPATION

Teams. Individual Participants may elect to form or join an existing team (“Team”) of (3) to (5) members maximum. All team members must be Bilkent University students. Each Team member must accept the Rules. Sponsor may disqualify any Team (and all its members) in the case where any one member has not accepted or violates these Rules.

The goal of the Challenge is for Participants to submit contributions (or projects) meeting the requirements determined by the Sponsor in the Challenge, and that are formalized by deliverables. The Challenge website includes information regarding various deadlines, details of the prizes, Sponsor requirements, etc.

DELIVERABLES

During the Challenge, Participants may upload any documents or other materials (such as texts, presentations, videos, etc.) relating to their project to the Challenge website in response and as a solution to the Sponsor’s Challenge (the “Deliverable”).
To be eligible, Deliverables must (i) address the specific issue set out on the Challenge website, (ii) be in a common digital format, such as, DOC, DOCX, PDF, PPT, PPTX, KEY, ODT, MP3, MPEG, MOV, MP4, and (iii) be in English and in general terms must comply with these Rules.

If a Deliverable cannot be downloaded, is not in the right format or is incompatible, illegible, or unintelligible, the Deliverable will be disqualified.
By submitting a Deliverable, Participants represent and warrant that:
The Deliverable exclusively includes contributions from a Team.

Otherwise, if any content from a third party has been used in the development of the Deliverable, all rights, authorizations, and agreements necessary to submit the Deliverable and grant the rights mentioned herein have been obtained. The existence of uncredited third-party contributions in the Deliverable will result in the disqualification of the Deliverable and the related Participants.
No other individual and/or entity is entitled to claim any rights from the use of the Deliverable; and the content of the Deliverable does not and will not infringe or violate any rights of any third party or entity, including, without limitation, intellectual property rights, privacy, competition law, confidentiality, or any contractual or extracontractual right. All deliverables suspected of any law(s) and/or any third party’s right will be ineligible.

Participants are responsible for and shall bear any costs or expenses associated with preparing and submitting Deliverables. Participants assume all risk of damaged, lost, late, incomplete, invalid, incorrect or misdirected Deliverables.

CHALLENGE PROCESS

Challenge Rounds. The Challenge consists of several rounds:
Round One. Deliverables will be accepted from [February 16, 2024] to [Friday, April 5, 11:59 pm]. At the end of this Round, up to [10] winning Deliverables will be selected to proceed to Round Two.

Final Round. Participants are required to upload a Deliverable by Sunday, May 5, 11:59 pm to the Challenge website for this Final Round.

Deliverable. If a Participant does not upload a Deliverable on the Challenge website before the deadline, this will be considered as a withdrawal from the Challenge. The Participant may not join the Challenge and may not obtain any compensation from the Sponsor.

Selection Criteria. Deliverables will be judged according to the Selection Criteria, described below. You agree and acknowledge that the Challenge relies on your creativity, capacity, ability, and ingenuity to solve difficult problems. The Challenge does not depend, even partially, on chance or luck, and therefore should not be considered as a lottery. Under no circumstances are factors such as appearance, religion, membership in a trade union, political opinions or sexual orientation considered.

Notification to Participants. Once the selection has been completed, Participants will be notified by email, phone, or by other means, at Sponsor’s discretion, of the results of each Round. The Sponsor will be free to alter the dates on which results are released should this become necessary due to the number of projects to be assessed. The ranking decided by the final jury will be announced on the day that presentations are made and will identify the Participants that are finalists.

Round One

All Round One Deliverables must be received by Sponsor on or before [Friday, April 5, 11:59 pm]. Deliverables must meet the specifications set out in Section 6, above, and include:
Completed proposal submission form on Challenge website including the participant and team information and response to challenge prompt and evaluation criteria.While the Round One, voting will proceed as follow:
Criteria based voting.
“Criteria based” voting will take place from [Saturday, April 6, to Sunday, April 21, 12:00 pm].Members from Beba Foundation (the “Voters”) may evaluate and select the Deliverables based on their content and the following criteria:
Completed proposal submission including the participant and team information and response to challenge prompt and evaluation criteria.While the Round One, voting will proceed as follow:
Criteria based voting.
“Criteria based” voting will take place from [Saturday, April 6, to Sunday, April 21, 12:00 pm]
Members from Beba Foundation (the “Voters”) may evaluate and select the Deliverables based on their content and the following criteria:

Judging Criteria

CATEGORY 1 Value Created by the New Product or Service or Expansion of the Current Product or Services

Address relevant questions below depending on the business model that your team is proposing.

• What is the problem? If possible, provide societal, economic, or political context. Clearly indicate the implications and impact of the problem through data narration.
• Show an analysis/benchmark of at least one verifiable data source and demonstrate the nature and degree of existing challenges/obstacles that you want to address.
• What is the new and unique value of the product/service?
• What is the revised value of your product or service for further expansion?
• What needs/wants are you trying to satisfy?
• How important is this product/service to customers and other stakeholders?
• How does your team’s proposal support and lead to the “greater good” in the world? Explain and be specific.
• Provide your validation process/expansion plan for product-market fit and your goals for customer development.

CATEGORY 2 Attractiveness of the Market Opportunity

Provide evidence for the degree to which a market offers opportunities to your organization, considering the market size and growth rate and the level of competition, and other constraints.

• How large is the market and how fast is it growing?
• What is your market entry strategy?
• Can the product/service be successfully monetized?
• Is the business model both realistic and viable over the short term?
• Is the product/service scalable?
• What is your intended impact on individuals, communities, and countries? Be specific about reach. Consider how you can maximize multiple economic, social, and environmental benefits.

CATEGORY 3 Competitive Advantage of the Proposed Venture

Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. Consider the following questions.

• Are barriers to entry identified?
• How are you positioning your product/service in relation to competitors?
• Is the product/service favorably positioned in the distribution channel?
• Can this product/service be a leader in its market?
• How long will it take you to get to market?

CATEGORY 4 Operational and Technological Viability

Participants should assess the operational and technological aspects of their distribution methods, ensuring scalability, efficiency, and compatibility with existing systems and infrastructures.

• How will the product or service be produced and delivered to customers?
• What are the distribution channels?
• Is any intellectual property essential to success?
• How will rights to intellectual property be secured?
• Are there regulatory hurdles?
• How long will it take to develop the property?
• Are key milestones identified?

CATEGORY 5 Capital Requirements and Financial Forecast

Forecast individual current assets and current liabilities using various working capital ratios, such as receivable days, inventory days, and payable days. Address the following questions relevant to your business proposal.

• How will you use the seed money?
• What are your fixed, variable, and periodic expenses?
• Is any intellectual property essential to success?
• Is the investment required all at once or can it be staged?
• How will you sustain your business for the long term and who are your long-term supporters?

Final Round

Participants who have been selected to participate in the Final Round will be directly notified by the Sponsor. In the event a Participant does not answer after the Sponsor has tried to contact him/her by email and by phone, the Sponsor reserves the right, at its sole discretion, to disqualify this Participant. This disqualification shall not entitle the Participant to claim any kind of compensation from the Sponsor.
The Final Round consists of an oral presentation of the selected projects by the Participants. Final teams must submit presentation materials by Sunday, May 5, 2024, at 11:59 pm:
Participants are not permitted to edit presentation materials after Sunday, May 5, 2024, 11:59 pm and must use the slides submitted – on Friday, May 10, 2024.
Participants must prepare a Deliverable that meets the specifications set out in deliverables and which include:

– 3-7 static slides in PowerPoint or Google Slide format (Title slide not necessary): A document describing their Project and presenting, for example, the problem it tackles, the proposed solution, its impact and its business model. Maximum 7 slides, no video, audio, animation, or props

– Presenters names, department/program.

– 7 min. Presentation at the Final event on Friday, May 10, 2024.

– Minimum 1, maximum 2 presenters per team. All team members are encouraged to attend.

– This document will be used as a presentation document during the oral presentation given by the Participants involved in the Project.

All submissions will be reviewed by a panel of judges between Saturday, April 6 at 9:00 am – Sunday, April 21 at 11:59 pm.
While the Final Round, voting will proceed as follows:
Criteria based voting.
“Criteria-based” voting will take place from [April 6 / 9:00 am] to [Sunday, April 21 / 11:59 pm].
The voters may evaluate and select the Deliverables based on their content and the following criteria:

CHALLENGE TOPICS

JUDGING CRITERIA

(Weak = 1 to Strong = 5 Please use a whole number)

CATEGORY 1 Value Created by the New Product or Service or Expansion of the Current Product or Services. Address relevant questions below depending on the business model that your team is proposing.

• What is the problem? If possible, provide societal, economic, or political context. Clearly indicate the implications and impact of the problem through data narration.
• Show an analysis/benchmark of at least one verifiable data source and demonstrate the nature and degree of existing challenges/obstacles that you want to address.
• What is the new and unique value of the product/service?
• What is the revised value of your product or service for further expansion?
• What needs/wants are you trying to satisfy?
• How important is this product/service to customers and other stakeholders?
• How does your team’s proposal support and lead to the “greater good” in the world? Explain and be specific.
• Provide your validation process/expansion plan for product-market fit and your goals for customer development.

CATEGORY 2 Attractiveness of the Market Opportunity

Provide evidence for the degree to which a market offers opportunities to your organization, considering the market size and growth rate and the level of competition, and other constraints.

• How large is the market and how fast is it growing?
• What is your market entry strategy?
• Can the product/service be successfully monetized?
• Is the business model both realistic and viable over the short term?
• Is the product/service scalable?
• What is your intended impact on individuals, communities, and countries? Be specific about reach. Consider how you can maximize multiple economic, social, and environmental benefits.

CATEGORY 3 Competitive Advantage of the Proposed Venture

Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. Consider the following questions.

• Are barriers to entry identified?
• How are you positioning your product/service in relation to competitors?
• Is the product/service favorably positioned in the distribution channel?
• Can this product/service be a leader in its market?
• How long will it take you to get to market?

CATEGORY 4 Operational and Technological Viability

Participants should assess the operational and technological aspects of their distribution methods, ensuring scalability, efficiency, and compatibility with existing systems and infrastructures.

• How will the product or service be produced and delivered to customers?
• What are the distribution channels?
• Is any intellectual property essential to success?
• How will rights to intellectual property be secured?
• Are there regulatory hurdles?
• How long will it take to develop the property?
• Are key milestones identified?

CATEGORY 5 Capital Requirements and Financial Forecast

Forecast individual current assets and current liabilities using various working capital ratios, such as receivable days, inventory days, and payable days. Address the following questions relevant to your business proposal.

• • • How will you use the seed money?
    • What are your fixed, variable, and periodic expenses?
    • Is any intellectual property essential to success?
    • Is the investment required all at once or can it be staged?
    • How will you sustain your business for the long term and who are your long-term supporters?

LIVE COMPETITION JUDGING CRITERIA

CATEGORY 1 Value Created by the New Product or Service or Expansion of the Current Product or Services. Address relevant questions below depending on the business model that your team is proposing.

Address relevant questions below depending on the business model that your team is proposing.

• • • What is the problem? If possible, provide societal, economic, or political context. Clearly indicate the implications and impact of the problem through data narration.
    • Show an analysis/benchmark of at least one verifiable data source and demonstrate the nature and degree of existing challenges/obstacles that you want to address.
    • What is the new and unique value of the product/service?
    • What is the revised value of your product or service for further expansion?
    • What needs/wants are you trying to satisfy?
    • How important is this product/service to customers and other stakeholders?
    • How does your team’s proposal support and lead to the “greater good” in the world? Explain and be specific.
    • Provide your validation process/expansion plan for product-market fit and your goals for customer development.

CATEGORY 2 Attractiveness of the Market Opportunity

Provide evidence for the degree to which a market offers opportunities to your organization, considering the market size and growth rate and the level of competition, and other constraints.

• • • How large is the market and how fast is it growing?
    • What is your market entry strategy?
    • Can the product/service be successfully monetized?
    • Is the business model both realistic and viable over the short term?
    • Is the product/service scalable?
    • What is your intended impact on individuals, communities, and countries? Be specific about reach. Consider how you can maximize multiple economic, social, and environmental benefits.

CATEGORY 3 Competitive Advantage of the Proposed Venture

Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. Consider the following questions.

• • • Are barriers to entry identified?
    • How are you positioning your product/service in relation to competitors?
    • Is the product/service favorably positioned in the distribution channel?
    • Can this product/service be a leader in its market?
    • How long will it take you to get to market?

CATEGORY 4 Operational and Technological Viability

Participants should assess the operational and technological aspects of their distribution methods, ensuring scalability, efficiency, and compatibility with existing systems and infrastructures.

• • • How will the product or service be produced and delivered to customers?
    • What are the distribution channels?
    • Is any intellectual property essential to success?
    • How will rights to intellectual property be secured?
    • Are there regulatory hurdles?
    • How long will it take to develop the property?
    • Are key milestones identified?

CATEGORY 5 Capital Requirements and Financial Forecast

Forecast individual current assets and current liabilities using various working capital ratios, such as receivable days, inventory days, and payable days. Address the following questions relevant to your business proposal.

• • • How will you use the seed money?
    • What are your fixed, variable, and periodic expenses?
    • Is any intellectual property essential to success?
    • Is the investment required all at once or can it be staged?
    • How will you sustain your business for the long term and who are your long-term supporters?

CATEGORY 6 PRESENTATION

• • • How well did the team present their solution? (e.g. Tone, Speed, Articulation, Engagement, Presentation, and Content)
    • How is your spoken language clear and easily understood?
    • How well do you use tone, speed, and volume as tools?
    • Do you engage the audience with interesting, well-constructed content?
    • Did the slides enhance the presentation – were they clear, concise, and compelling?
    • Did the presenters offer well-prepared responses during Q&A?

 

PRIZES

The prizes to be awarded to Challenge winners are subject to all of the following. They are awarded to the winners of the Challenge and are subject to compliance with the following cumulative conditions:

The Deliverables comply with Deliverables Section.

Each Participant of a winning project complies with communication and intellectual property rules of the challenge;

It can be proven that the winning Participants fulfill the conditions of eligibility.

No prize will be awarded to winners who do not fulfill the above.

Subject to these Terms and Conditions, once confirmed by Sponsor, the winner(s) will receive the following:

• 100,000 TL – Cash Prize For The Winning Team
• 60,000 TL – Cash Prize For The 2nd Prize
• 40,000 TL – Cash Prize For The 3rd Prize

[Listing of prizes to be determined on a case-by-case basis]

No assignment or transfer of prizes is allowed by a winner. If a potential winner cannot be reached, is unable to accept the prize or any portion of the prize for any reason, Sponsor shall have no further obligation to such potential winner. Sponsor will not replace any lost or stolen prizes after being awarded to winners. Winners will accept the prize “as it is”. Sponsor disclaims any warranty regarding the Prizes.

Each team must pick one person who will receive the prize money on behalf of the team. This person will be solely responsible for distributing the prize money with their team members.

Distribution Process: Bilkent FBA, SPS, Career Design Lab is not responsible for the distribution process. The team must decide on a fair and equal way to distribute the money among its members. They can discuss and propose various methods, such as equal distribution per member, based on need, or by performing certain tasks.

Unanimous Agreement: All team members must agree unanimously on the distribution method before proceeding.

Distribution Execution: Once the team has reached a consensus, they distribute the money accordingly.

In the event a Participant (a winner) cannot be reached, by email or by phone, for more than three (3) months after the first attempt to reach them was made, he/she will be deemed as having waived their right to claim the prize and will not be entitled to any prize or any kind of compensation.

If the prize as initially planned is unavailable, Sponsor will be free to substitute another prize of similar value. Any such decision is at Sponsor’s sole discretion.

Any Participant who does not fulfill the conditions of Participation as provided in the Rules during their registration and/or at any time during the Challenge will be summarily disqualified from the Challenge without prior notice and will not be entitled to any prize. In the assumption that a prize is awarded to a Participant who does not meet the conditions of Participation when registering or throughout the duration of the Challenge, Sponsor reserves the right to require the Participant to return the awarded prize.

COMMUNICATION

The Participant acknowledges and consents that Sponsor may communicate, throughout world and for the duration of the Challenge and for a period of one (1) year following the Final Round using the Challenge for publicity, including for Sponsor’s advertising or other marketing purposes, (by any means and through any format (website, advertising banners, social networks, newsletter, press release) now known or unknown to date, free of charge or for a consideration.

In particular, you consent the using, by Sponsor, of your name and surname, your city and region of residence, the name of the institution in which you studied or in which you obtained your diplomas and other biographical information, your image , the information regarding the Prize (if you are a winner), and any other personal data that you submit with your Deliverables as well as the content of your Deliverables relating to the Challenge.

As an example, each Participant authorizes the Sponsor using the photographs taken during the Final to disseminate them via any communication medium.

Such use does not entitle the winner to any other payment than the Prize he/she received. The Sponsor agrees to cease using the aforementioned elements in connection with the Participant at the end of the aforementioned period.

CONFIDENTIALITY

Sponsor has no obligation to keep the information contained in the Deliverables confidential. In general terms, when submitting any Deliverables, the Participants understand, agree and accept that any information contained therein may be publicly disclosed by the Sponsor.

If you are a prize winner, Sponsor may request that you execute a confidentiality/non-disclosure agreement for the purpose of entering into negotiations regarding the further development of your project, as described in your Deliverable. Such confidentiality/non-disclosure agreement will be directed to your Deliverable and all intellectual property that it may contain.

Furthermore, Participants acknowledge that Sponsor may currently or in the future be developing information internally, or receiving information from other parties, that is similar to the information contained in any of the projects. Accordingly, nothing herein shall prohibit Sponsor from independently acquiring, developing, or having developed for it, products, concepts, systems, services, or techniques that are similar to or compete with the products, concepts, systems or techniques contemplated by or embodied in any Deliverable.

The Participants recognize that other Participants, individuals or entities may have provided Sponsor or others, or made public, or may in the future submit, or make public, content that is the same or similar to any piece of information contained in any of the projects. Hence, the Participants acknowledge, agree and accept that Sponsor shall have the right to use such same or similar materials, and that the Participants will not be entitled to any compensation arising from Sponsor’s use of such materials.

INTELLECTUAL PROPERTY

Definitions. For the purposes of this section,

• “Intellectual Property Rights” refers to any copyright or other rights over a brand, a design or a model, a patent and, more generally, any element, (including trade secrets and know-how), that may be protected by national and/or international laws or conventions on intellectual property (“Intellectual Property Rights”)
• “Previous Rights” refer to any Intellectual Property Rights and/or any associated know-how held by the Participants before the start date of the Challenge (“Previous Rights”)
• “Creations” refer to any software (including source and object code software), database, technical specifications, text, design, model, information, knowledge, method, process or product, as well as any resulting elements and/or processes likely or otherwise to be protected according to national and/or international laws or conventions on intellectual property developed by any Participant as a part of any submitted deliverable throughout the Challenge (“Creations”).

Warranty of non-infringement. When submitting any Deliverable, at any stage of the Challenge, each Participant guarantees to Sponsor that he/she is the co/owner and/or co/holder of the Intellectual Property Rights regarding all or part of the Creations contained in the Deliverables submitted at any stage of the Challenge, and that he/she has obtained all rights and permissions regarding all pre-existing Creations and any elements of the Deliverables for which he/she does not hold the relevant rights.

Each Participant guarantees (i) that his/her contribution is original and unprecedented; (ii) that it do not infringe upon the copyright or any Intellectual Property Rights of any third party; (iii) that all the elements of which his/her submissions are formed, as well as all pieces of contributions and information communicated in the submission presentation documents are accurate, reliable and complete; and (iv) that the submission of the relevant Deliverables does not constitute an act of unfair competition of any kind.

It is compulsory for Participants to indicate the source of any pre-existing Creations of whichever nature and on whichever support that are included in any submitted deliverable. Any Deliverable involving several Participants constitutes a collaborative work and it should be treated as such in accordance with the applicable regulation in force.

Liability. Sponsor cannot be held liable for any infringement of the above provisions by Participants. Each Participant shall indemnify Sponsor against any disturbance, action, claim, opposition and demand or eviction attempt from any third party in connection with any Creation in the Deliverables (Intellectual Property Rights included).

Participant owner of Intellectual Property rights

By submitting a Deliverable and participating in this Challenge, you are not granting Sponsor any rights to any intellectual property supporting all of part of the Deliverable and Sponsor makes no claim to ownership of your Deliverable or any intellectual property that it may contain.

MODIFICATION OF RULES, SUSPENSION AND CANCELLATION OF THE CHALLANGE

Update of the Rules. The Sponsor reserves the right to amend these Rules at any time, including the Challenge duration in case of operational imperatives, without prior notice to Participants regarding the enforcement or the validity of these amendments. Participants are encouraged to consult these Rules regularly. Participants expressly waive all claims or disputes related to any amendment to these Rules by the Sponsor.

Should any paragraph of these Rules be declared or judged illegal, unenforceable or void by a court decision, the paragraph in question will be considered null and void, but all other unaffected paragraphs will be enforced within the limits of the law.

Challenge Cancellation or Suspension. The Sponsor reserves the right in its discretion, to (i) cancel, terminate, modify or suspend the Challenge and these Rules, for any reason, at any time and without any liability, and (ii) to limit or restrict participation in the Challenge. The Sponsor will not be held liable for the modification, cancellation or suspension of the Challenge and no compensation or remuneration will be due to the Participants.

LIMITATION OF LIABILITY

The Sponsor will in no way be held liable in the event of breakdown or failure, regardless of the cause, of any telecommunications network used that causes Participants difficulty in or prevents Participants from identifying themselves on or gaining access to the Challenge website.

Participants agree that company, its affiliates and all of their respective officers, directors, employees, contractors, representatives and agents (“released parties”) will have no liability whatsoever for, and will be released and held harmless by participants for any claims, liabilities, or causes of action of any kind or nature for any injury, loss or damages of any kind including direct, indirect, incidental, consequential or punitive damages to persons, including without limitation disability or death. Without limiting the foregoing, everything on the challenge website and in connection with the challenge is provided “as is” without warranty of any kind, either express or implied, including but not limited to, the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. Some jurisdictions may not allow the limitations or exclusion of liability for incidental or consequential damages or exclusion of implied warranties, in which case such limitation or exclusion shall apply only to the extent permitted by the law in the relevant jurisdiction.

Participation in the Challenge implies acknowledgment and acceptance of the characteristics, limits, and risks of the internet and related technologies, particularly with regards to performance, response time, security of software and computer equipment against various potential attacks, such as viruses, logic bombs or Trojans, and loss or misuse of data. As a result, the Sponsor will not be held liable in any way for any damage incurred by Participants arising from these characteristics, limits and risks, which Participants accept by registering and taking part in the Challenge.

The Sponsor will not, in any case, be held liable for damages resulting from faults with or delays in the submission of deliverables by Participants, including refusal to accept these deliverables as a consequence of their submission outside the deadlines set out in the Rules, from faults with or delays to the sending of any emails by the Participant sent as part of the Challenge, or from any alterations made to the deliverables independently of the Sponsor.

The Sponsor will not, in any case, be held liable for damages resulting from services provided by a third party relating to the prizes.

The Sponsor will not be held liable for the consequences of a Participant’s disqualification from the Challenge as a result of their violation of these Rules.

PERSONAL DATA PROTECTION

Participation in the Challenge requires the communication of the Participant’s personal data (“Personal Data”).

Participant’s personal data is subject to processing within the meaning of the regulations on the protection of personal data (The EU 2016/679 General Data Protection Regulation and the Council of 27 April 2016, known as GDPR) for which the Sponsor defines the purposes and means and is, as such, “Data controller” within the meaning of the GDPR.

The purposes of the processing are:

• To meet the organization of the challenge needs
• To organize the intermediation between the Participant and the Sponsor, to ensure identification, communication and preservation of the exchanges with the Participant
• In accordance with the provisions of the GDPR, the Sponsor undertakes to implement organizational and technical security measures in order to protect all Participant’s Personal Data. The Sponsor undertakes to allow the exercise of their rights from GDPR.

CLAIMS

Any Participant’s claims arising from the Challenge should be addressed no later than thirty (30) days following the Challenge end date to [bilkentpreneurs@bilkent.edu.tr]. All claims must include: (i) the Participant’s complete contact details (name, address, email address and phone); (ii) the name of the Challenge; and (iii) a clear and detailed explanation for the claim.