Terms & Conditions for Pula Pitch
1. Eligibility:
1.1 Applicants must be citizens of Botswana.
1.2 Applicants must be 18 years of age or older.
2. Application Process:
2.1 Applicants must submit all required application components listed in the Call for Applications.
2.2 Incomplete applications will not be considered.
2.3 Submission of false or misleading information will result in disqualification.
3. Application Components:
3.1 Business Plan Summary: Applicants must provide a concise overview of their business idea, addressing the problem it solves, proposed solutions, and target market.
3.2 Impact Statement: Applicants must explain the potential societal or environmental impact of their business.
3.3 Financial Projections: Applicants must outline expected financial performance over the initial three years, including start-up costs, revenue projections, and profitability forecasts.
3.4 Team Profile: Applicants must provide information about the team members involved in the business idea, highlighting their skills, experience, and roles.
3.5 Compliance: Applicants must furnish evidence of legal and regulatory compliance relevant to their business sector.
3.6 Video Presentation: Applicants must submit a 1-minute video presentation introducing their business or business idea. Creativity and persuasiveness are encouraged.
4. Intellectual Property:
4.1 Applicants retain all intellectual property rights to their business ideas and materials submitted.
4.2 Pula Pitch reserves the right to use submitted materials for promotional and marketing purposes related to the show.
5. Selection Process:
5.1 Applications will be reviewed by a panel of judges selected by Pula Pitch.
5.2 Shortlisted applicants may be invited for further interviews or presentations.
5.3 Decisions made by the judging panel are final and binding.
6. Confidentiality:
6.1 Pula Pitch will treat all information provided by applicants with confidentiality.
6.2 However, applicants should be aware that submitted materials may be shared with judges, sponsors, or partners involved in the selection process.
7. Agreement to Participate:
7.1 By submitting an application, applicants agree to abide by these Terms and Conditions.
7.2 Applicants grant Pula Pitch the right to use their name, likeness, and submitted materials for promotional purposes related to the show.
7.3 Applicants agree to enter into an equity negotiation with Pula Pitch for the BWP 100,000 investment, for no less than 2.5% equity and no more than 30% equity.
8. Changes to Terms:
8.1 Pula Pitch reserves the right to modify these Terms and Conditions at any time.
8.2 Any changes will be communicated to applicants through the official Pula Pitch channels.
9. Disqualification:
9.1 Pula Pitch reserves the right to disqualify applicants who violate these Terms and Conditions or engage in misconduct during the application process.
10. Governing Law:
10.1 These Terms and Conditions shall be governed by and construed in accordance with the laws of Botswana.
10.2 Any disputes arising out of or in connection with these Terms and Conditions shall be subject to the exclusive jurisdiction of the courts of Botswana.
By submitting an application to Pula Pitch, applicants acknowledge that they have read, understood, and agreed to these Terms and Conditions.