Western Balkans Investment Readiness Program – Terms of Participation
These Terms of Participation set forth the rules for participation in a
Western Balkans Investment Readiness Program.
Whenever the terms defined hereunder are used in this Terms of
Participation, they should be understood as follows:
Organizer – Vestbee Sp. z o.o. based at: ul. Padewska
23/7, 00-777 Warsaw, Poland, entered to the Register of Entrepreneurs
carried out by the District Court for Warsaw, XIII Commercial Division of
the National Court Register under the KRS number: 0000766944, NIP:
5213852971 REGON: 38232689500000
Program – an online Program that participants can apply
at the website,
which is available to any person able to meet the conditions specified in
this Terms of Participation
Participant – a startup with dominant presence with team
or registered in one of the Western Balkans Countries (Albania, Bosnia and
Herzegovina, Kosovo, North Macedonia and Serbia) entitled to participate
in the Program
Application – actions undertaken by a Participant to
register for the Program
Registration – creating an account on Vestbee platform
Account - account created on Vestbee platform after
registering to the Challenge through
Vestbee platform - platform accessible at the website
Application Form - set of questions available at
Participant’s account in section “My Applications”
Company Profile - set of fields and questions available
at Participant’s account in section “Profile”
Fortuitous Events – circumstances which despite
maintaining due diligence are unpredictable and cannot be prevented or
stood against effectively
Regulations – this set of regulations meaning the set of
terms of participation in the Program
TERMS OF PARTICIPATION
The condition for the participation in the Program is to submit a
complete application by filling in the Application Form and Company
Profile correctly and confirming it by clicking the button “Submit”
available in “My applications” section on Participant’s Account. In case
of a juvenile, the application can be submitted only by his/her
statutory representative. Any consents described hereunder given by a
statutory representative refer to the juvenile.
Applications can be submitted only electronically (online) via
Registration to the Program at website
The deadline for applications will be presented on the Program website
The Company Profile submitted on Vestbee platform has to be accepted by
the Organizer to participate in the Investment Readiness Program.
Startups will receive a confirmation of Participation in the Program via
Filling in the Application Form, Company Profile and attaching pitch
decks require providing personal details which include name, surname,
e-mail address and other details.
Submitting the Application for the participation in the Program
constitutes the acceptance of this Terms of Participation available on
and the Participant’s commitment to follow them.
Participation in the Investment readiness Program for startups is free
All terms of the product, security or investment related service have to
be agreed between the Parties prior to the cooperation. That also
relates to any activities and perks - they do not constitute an offer
and they are only viable after meeting Partners’ Company criteria to use
the benefit, product or service.
Any possible disputes arising from contracts signed on the basis of this
Terms of Participation will be settled by the court relevant for the
headquarters of the Organizer.
Organizer states that the use of electronically provided services is
associated with risk taht the user should be aware of.
RIGHTS AND OBLIGATIONS OF THE ORGANIZER
Organizer together with the judges will select the finalists of the
Program and announce the Top 20 WB Startups on the website
and social media channels. The list of judges will be published on the
Organizer reserves the right to prevent a participation of a company
without providing a reason. This might happen among others if a Company
has not Registered to the Investment readiness Program or has done it
incorrectly (for example has not completed the Application Form or a
Company Profile) in accordance with this Terms of Participation rules.
Organizer allows a possibility of changing the assumptions of the
Program including its timeline. In such case, Organizer is obliged to
put such information on the website
The Organizer reserves the right to cancel the Program at any time,
without giving cause. In such case, Organizer is obliged to inform
Participants about this situation via email correspondence.
Organizer reserves the right to publish the names of enterprises and of
people participating in the Program together with the logo or the photo
uploaded in the Company Profile.
Organizer warrants that Vestbee platform functions in such a manner as
to prevent access by unauthorized persons to the content of the Account.
Organizer shall engage in all reasonable efforts to ensure the
uninterrupted operation of Vestbee platform, however, Organizer shall
bear no liability for disruptions in the functioning of Vestbee Platform
caused by malfunction, force majeure or unauthorized interference.
In special cases involving the security or stability of the telecomputer
system, Organizer has the right to temporarily cease or restrict the
provision of electronic services without advance notice given to users
of Vestbee platform. In particular, Organizer may conduct maintenance
work intended to restore the security and stability of the telecomputer
system. Participant shall not be entitled to any claims in conjunction
with the temporary or permanent cessation of the provision of electronic
services by Organizer.
Organizer also has the right to cease providing electronic services at
any time if a justified demand to do so is made by an internet service
provider or another authorized entity. Without prejudice to the relevant
legal regulations and these Terms, Organizer shall not bear liability
for losses resulting from the faulty operation of a transmission system,
including for equipment failures, delays and disruptions in the transfer
Organizer shall not bear liability for the content of webpages accessed
via links placed on Vestbee platform. Organizer declares that he has no
influence over the content of such webpages, nor does he undertake to
Organizer reserves the right to introduce changes to the content of
these Terms of Participation. Organizer shall inform of all changes to
these Terms of Participation on the website
RIGHTS AND OBLIGATIONS OF A PARTICIPANT
Participants cannot address other Participants, speakers, and Organizer
in a manner which violates their dignity or is contrary to general
principles of social coexistence.
Participants are obliged to behave in a manner which does not disturb
Organizer reserves the right to remove a Participant from the Investment
readiness Program if he/she breaks the rules of this Regulations set. In
such case, no claims of his Participant are due.
The Participant may cancel the Application via electronic mail sent to
Participant may request the Organizer to add another email address to
the Participant’s Account via electronic mail sent to office
@vestbee.com. The confirmation
of adding the email address will be an electronic mail sent to the
address stated in the Application. The new Participant who receives an
access to the Account accepts this regulation set and undertakes to
abide its rules.
Participant may apply to the Program with more than one Company, but
he/she has to use different email addresses during Registration of all
Participant confirms that the Application Form and the Company Profile
has been completed with true, proper and correct information.
The Organizer shall not bear liability for loss arising out of incorrect
information entered into the Application Form or the Company Profile by