Applications are now closed for this round.
Social Startups MVP Program: Social Startups is an Australian Enterprise, it provides service to social entrepreneurs around the world for creating, coaching and consulting technology based social enterprises. This program is designed to help social entrepreneurs develop web or mobile app, minimum viable product (MVP) within 4 weeks to validate their idea, achieve user traction and attract funding to grow their social enterprise.
Applicants: Social Startups is open to social entrepreneurs around the world with an idea for a mobile or web app to solve a social problem or create social impact. Depending on the complexity of projects and resources, one or more finalist will be announced by 15th August 2013. For the top finalist, Social Startups will provide free one-on-one coaching, consultation and pay for the cost of app development. Application fee of $25 applies for each project submission
Selection Criteria: Selections will be based on an idea which can create greater social impact with a self sustainable social enterprise model. The final decision will be made by Social Startups judges
Delivery: All activities of consulting, coaching and development will be delivered and managed online. It is upto applicant to have access to a reliable internet connection. Social Startups will not be responsible for any delays due to unforseeable breakdown in communication .
Refund Policy: Social Startups will refund application fee in full, if applicant decides to withdraw their application before 4th August 2013. After last date application fee will not be refunded
Revenue/Equity Share: Depending on each project, Social Startups will aim to negotiate its share of annual revenue with each Social Entrepreneur/team. The arrangement will be mutually agreed before starting project development.
Exit Strategy: After each project launch, if social entrepreneur/team receives funding by external investors, both parties will hold the right to exit from equity relationship at price of equity value. An exit will be considered at each round of funding.
Resources & Development: Social Startups does not manage in house development, it will work with the finalist and assign the project to one of its technology partners depending on each project requirements.
Quality: Social Startup would like to be known for quality products take quality of each project extremely serious. If quality standards are not met, Social Startups holds the right to withdraw from this partnership.
Non-Compete Agreement: Social Startups shall not directly or indirectly engage in a business which is or which would be competitive with the existing or then anticipated business of the partnership for a period of 12 months.
Profits and Losses: The profits and losses of the partnership shall be divided by the partners according to a mutually agreeable schedule and at the end of each calendar year
Dispute: This Partnership Agreement shall be governed by Australian laws. Any disputes arising between the partners as a result of this Agreement shall be settled by arbitration in accordance with the rules of law and judgment upon the award rendered may be entered in any court having jurisdiction thereof.
Withdrawal/Death of Partner: In the event a partner withdraws or retires from the partnership for any reason, including death, the remaining partners may continue to operate the partnership under this agreement. Social Startups holds the right to withraw this program and refund application fees for all applicants in case of any unforeseeable circumstances. A withdrawing partner shall be obligated to give sixty (60) days’ prior written notice of his/her intention to withdraw or retire and shall be obligated to sell his/her interest in the partnership. No partner shall transfer interest in the partnership to any other party without the written consent of the remaining partner(s). The remaining partner(s) shall pay the withdrawing or retiring partner, or to the legal representative of the deceased or disabled partner, the value of his interest in the partnership, or (a) the sum of his capital account, (b) any unpaid loans due him, (c) his proportionate share of accrued net profits remaining undistributed in his capital account, and (d) his interest in any prior agreed appreciation in the value of the partnership property over its book value. No value for good will shall be included in determining the value of the partner’s interest.