Rules of contest

RS Productions, Company specialized in the production and distribution of multimedia and cinematographic contents, owns a publishing house with studios and audiovisual production tools allowing to develop innovative cross-media projects, with research activities for identifying and accelerating innovative business projects and start-ups, providing them with comprehensive support through an acceleration program, IMMEDIATE (hereinafter, “Accelerator” or “Initiative”).

The Accelerator, designed and managed by RS Productions, is a vertical business accelerator in the Media and Entertainment industries, which provides the participating companies with media production services and communication tools, business development and marketing support to facilitate the development and diffusion of their projects, validating their business model, boosting their development and facilitating their financing.

The Accelerator is an open call for startups (hereinafter: “Call”) composed by a selection phase (hereinafter: “Selection Phase”), followed by an assessment of the winning startups for the identification and appointment of advisors, tailored one-to-one sessions and a Content & Media Acceleration Track (hereinafter: “Acceleration Program”) managed by RS Productions.

The winners of the Initiative will be provided with the Acceleration Program in exchange for the subscription of a portion of the winners’ company share capital.

All the terms and conditions for participation are described by this document (hereinafter: “Rules”).

The Initiative has the purpose of launching a program of scouting and acceleration addressed to startups and SME’s (already established as companies) that offer technologic and business solutions (hereinafter: “Innovators”).

The necessary condition to join the Initiative for the Innovators who overcome the Selection Phase accessing the Acceleration Program, under penalty of exclusion, is that the Innovators irrevocably commit to:

1. participating in all classes, modules and meetings planned by the Accelerator, with the physical or digital presence of at least one of its members, and
2. signing an Acceleration Agreement which regulates terms and conditions by virtue of which the Accelerator provides services in exchange for the subscription of a portion of the Winners’ company share capital, calculated proportionally to the pre-money valuation of the Winners’ company, as a partial refund of the services provided.

These conditions will be strictly mandatory.

3.1 PHASE 1: SCOUTING AND SELECTION

During this phase the Innovators are able to apply filling the form in the Accelerator website. In addition to evaluating candidates through applications within the website, RS Productions and partners will make use of an active research.

RS Productions and partners will organize meetings with Innovators to evaluate and investigate potential fields of cooperation in order to find “early wins” in the deal flow process and select the Winners.

3.2 PHASE 2: ACCELERATION

The Winners will take part to the Acceleration Program, structured in 3 phases:

a) Assessment;

b) Business & Solutions Acceleration Track;

c) Content & Media Acceleration Track.

The Acceleration Program is a tailor-made program designed on the needs of the individual winning startups.

During the Acceleration Program, the Accelerator shall make available to the Company a set of resources including access to premises, a pool of business experts & entrepreneurs. The Accelerator may also provide the Company with access to partners perks which will be offered under the sole responsibility of the various partners offering them. Access to resources will only be granted to the Company once the Agreement has been validly signed.

The Accelerator shall provide the following Acceleration Services to the Company by the Accelerator’s team and experts:

a) Assessment of the winning startups for the identification and appointment of advisors;

b) Business & Solutions Acceleration Track: individual meetings with selected international experts to review the business model, the enhancement of the company presentation, the analysis of stakeholders, new business contacts and business development meetings;

c) Content & Media Acceleration Track: activities aimed at studying a communication plan and creating contents, including advertorial, ADV pages and digital; possibility to use the Accelerator channels (website, news, social etc.) with the opportunity to become known both inside and outside the environment of the Accelerator.

It is specified that the assignment of the aforementioned awards will be at the sole discretion of RS Productions, with the support of its partners.

To apply, fill out the Application form at:  www.immediateaccelerator.com

Please upload the requested documents:

• Pitch / company presentation, which includes team, commercial strategy, economics or financials and stylistic references
• Demo of the project (if available) or Short elevator pitch video (max 90 seconds)
• Business plan of the company / project

Applications will be reviewed and screened by a Committee composed by RS Productions and partners, on the basis of six key drivers:

• Team (complementary skills, commitment and internal resources, ability to involve relevant advisors and networks)
• Market opportunity (addressable market size and growth projections, go-to-market, competitive landscape)
• Product (market need being solved, design and innovation, competitive advantages, development stage)
• Defensibility (barriers-to-entry such as IP if applicable, otherwise time-to-market, exclusivity, traction, or other)
• Economics (5-years plan with robust assumptions, use of funds raised, ROI strategy)
• Fit for the Accelerator and partners’ sectors of activity mainly related to media and entertainment (innovative contents and formats, advertising, audio-video production and distribution, music, gamification, AI, AR/VR, social media, apps and platforms, games, ICT, edutainment, new technologies and tools, blockchain, big data and analytics, data engineering, etc.).

Each Applicant expressly declares that is responsible that each prototype, idea, project or part of it presented as part of the Initiative is original and does not in any way, in whole or in part, infringe on the intellectual property rights of third parties, and pledge to hold harmless RS Productions and partners and all subjects involved in any way in the Initiative from any and all liabilities, claims for damages and/or compensation that may be advanced by any third party in this regard.

The intellectual property rights inherent in the concepts developed and/or the proposals submitted by the applicants remain with the applicants themselves, who will be fully responsible for the protection of these rights through the means provided for this purpose by law (application for registration, presentation of patent application, etc.).

RS Productions, partners and all subjects involved in any way in the Initiative, are exempt from any liability for any disputes that may arise regarding the originality and authorship of the projects or parts of them, and/or from any limitations or claims by third parties of the projects themselves.

Applicants, by sending their application and the documents necessary for participation in the Initiative, declare that the information provided is true and that any evaluation, selection and decision of the Committee will be accepted unconditionally.

In case of false declarations by the applicants, ascertained at any time that are associated with the Initiative, there will be the exclusion, without possibility of appeal, from the selection, evaluation, participation of the various phases of the Initiative, the revocation of any services provided, and the forfeiture of any awards attributed.

Given the modalities of participation, RS Productions, partners and all subjects involved in any way in the Initiative, do not assume any responsibility for technical, hardware or software malfunctions, interruptions of network connections, failed, incorrect user registrations, inaccurate, incomplete, illegible, damaged, lost, delayed, incorrectly addressed or intercepted applications, or about registrations of applicants that for any reason have not been received, for electronic or other communications that have been delayed, or for other technical problems related to registration and uploading of content within the framework of this Initiative.

It is understood that any liability of RS PRODUCTIONS and partners are excluded for the theft and/or loss of objects or goods of any kind left unattended by candidates and third parties in the physical spaces where the activities take place that are referenced by this Document.

It is also excluded any form of reimbursement and/or compensation, in favor of candidates and/or third parties, both partially and in full, for:

• any accidents or damage to property and/or people, as well as shortfalls for any reason and/or cause, which might occur during the various phases of the Initiative;
• any accidents and/or damages occurred to Innovators during the various phases of the Initiative;
• any theft and/or loss of objects or goods of any kind left unattended by the Innovators in the spaces where the various phases of the Initiative will take place.

Each Selected Innovator will use the premises where the phases of the initiative will take place, as well as the materials and equipment possibly made available by RS Productions and/or partners as well as by all subjects involved in any way in the Initiative, and/or brought by the Innovators themselves, with the utmost care and diligence and will strictly adhere to any indication provided in order to ensure the safety and security of all Innovators.

Each Innovator is responsible and undertakes to indemnify and hold harmless RS Productions, partners as well as all subjects involved in any way in the Initiative from all responsibility for any damage caused to people and/or things, caused by the Innovator to third parties and/or himself, or even by third parties for any reason.

Applicants wishing to become Selected Innovators ensure that the contents of the projects:

• do not contain material in violation of the rights, positions or claims of third parties (with reference to the law of copyright and industrial property and other applicable laws or regulations), including, inter alia, patents, industrial secrets rights from contracts or licenses, advertising rights or privacy rights, moral rights or any other rights worthy of protection;
• do not contain illegal material, prohibited by law or contrary to what is indicated in the Rules;
• they are freely and legitimately usable in accordance with the provisions of the Rules as the candidate/participant is the owner of the rights to use them, or in so far as he has acquired their availability from all the subjects entitled, having taken care of the full fulfillment and/or satisfaction of the rights, also of an economic nature, due to the authors of the contents and/or works from which these contents are derived and/or extracted, or to other entitled parties, or due for the use of the related rights pursuant to law;
• do not contain any defamatory content, representation, outrageous consideration or any other content that could damage the name, honor or reputation of RS Productions and partners or any other person or company, even if not involved in the Initiative;
• do not contain any pornographic or sexual content, or discriminatory content in any way (including specifically discrimination based on race, sex, sexual orientation, religion and/or political belief of individuals or groups), nor content that promotes violence or injury to any living thing or any other offensive, obscene or inappropriate content;
• do not contain any threats or content intended to intimidate, harass, or mistreat a person’s private life;
• do not constitute a violation of applicable laws and do not contain content that encourages illegal behavior.

The Applicants/Selected Innovators and their assignees declare that they are aware that the responsibilities, including penalties, of the contents of the projects delivered, for the purpose of participating in the initiative governed by these Rules, are their sole and exclusive responsibility, undertaking to indemnify and hold harmless RS Productions, partners and all subjects involved in any way in the Initiative to any claim, or request for damages made by third parties, also in relation to the violation of the provisions.

RS Productions, partners, as well as all subjects involved in any way in the Initiative reaffirm their extraneousness to any act and behavior performed during the Initiative by the Applicants/Selected Innovators that would be considered a violation of current civil and criminal laws.

Pursuant to art. 13 of EU Regulation 2016/679 (hereinafter, the “GDPR”), we inform you that the personal data provided by the natural persons who operate on behalf of the Applicant/Innovator candidates for the Accelerator on the occasion of expression of interest and application for the Accelerator on www.immediateaccelerator.com and subsequently, will be processed by RS Productions and partners as autonomous controllers for the areas of their respective competence.

At all stages of this edition of the Accelerator and also after its conclusion, all parties involved will guarantee the treatment of content stated in writing by the Innovators to be “confidential information” relating to the ideas and projects presented.  However, the basic project descriptions of project candidates applying for the Accelerator will not be considered “confidential information” and should be expected by all candidates to be made public.

Participation in the Initiative implies full acceptance of the Rules that candidates declare to have read, understood and accepted. The non-acceptance of the Rules and the incomplete, incorrect or false registration form executed by the Applicants would result in the disqualification from the Initiative and the loss of any right to selection and any recognition, and the waiver of any form of recourse against RS Productions, partners and all subjects involved in any way in the Initiative. Each Applicant/Selected Innovator declares itself aware of the civil and criminal consequences.

Rules can be modified at any time by RS Productions. Such changes will be communicated directly to the Applicants and Selected Innovators.

RS Productions, and partners reserve the right, in their sole discretion and without any responsibility, to order the disqualification of any Applicant/Selected Innovator who:

• attempts to tamper with the registration process or the carrying out of the Initiative;
• behaves inappropriately and contrary to the interest of a correct course of the Initiative;
• acts in violation of these Rules.

All disputes that may arise with reference to the Initiative and the Rules are of the exclusive jurisdiction of the Court of Milan.