Terms & Conditions

For Accelerator Program by Apollo Munich Health Insurance (AMHI)

About the Program

1) This Accelerator Program (AP) is being organized by Apollo Munich Health Insurance (AMHI). The entire program is being held in English language & decision of the jury at the AP Event would be final.

2) MEDICI has been appointed as strategic partner by AMHI to organize the accelerator program and provide logistic support to AMHI to successfully manage the accelerator program.

3) Eligibility to apply

  • Early-stage or matured startups with an MVP (minimum viable product) addressing any one of the defined problem statements.
  • Startups should have implemented the product/solutions with one or more clients anywhere across the world.
  • Applying startups can be located/based anywhere globally, with at least one of its branches being permanently set up/based or established in India and should have been live and working for minimum one year. 

4) Application Process

  1. That to the best of their knowledge, their submission is original and does not violate or misappropriate any third party trade secret, “know-how,” copyright, patent or other intellectual property right.
  2. That, any member of its Group is not subjected to any current or pending investigation, review or disciplinary procedure by any regulatory authority, professional body, Financial Services Regulator, or any government body/agency, or any other officially appointed inquiry or party to litigation whether civil or criminal under any prevailing law for the time being in force in India nor was a part of such investigations or enquires in the past i.e. prior to applying for the AP program. In case, applying applicant has such history then the same should be expressly notified to AMHI and MEDICI at the time of making such application for evaluating its application acceptance.

5) Startups also warrant and represent that there are no obligations of any nature, legal or otherwise, which would prohibit, restrict, or interfere with their participation in the said AP or submission of their design report, and agree to obtain any necessary clearances, authorizations and/or approvals prior to participation.

6) The startups agree that no information submitted by them will be treated by AMHI & MEDICI as confidential, including without limitation any of the information as mentioned in subsequent paragraphs.

7) Information submitted by the startups may be considered proprietary, such as information that may attract intellectual property rights including without limitation, copyrights, trademarks, patents, any kind of inventions, innovation or novel ideas. However, by entering this application process, the startups expressly waive their right to have this proprietary information kept confidential.

8) Each startup hereby grants AMHI & MEDICI and their affiliates a non-exclusive, worldwide, perpetual, and royalty-free right and license to publish their project reports, designs and other information submitted, or any portion or modification thereof, related to products, technical or marketing publications, advertisements or promotional activities, including without limitation Apollo Munich or third party technical articles, data sheets, application notes, reference designs or internet publications.

9) AMHI & MEDICI reserves the right to publish the designs without attribution.

10) AMHI & MEDICI do not obtain any other ownership, rights or licenses in any of startup’s intellectual property or confidential information.

11) CONSENT TO THE USE OF DATA: Any company name, date of incorporation, office address name and contact details of founders, board members or participating employee’s data of a startups (as hereinafter defined) provided by the startups during the AP will be used by AMHI and MEDICI as well as by vendors or service providers (for e.g. website hosting services) engaged by AMHI as vendors to organize events, for the purpose of organizing AP.

12) Every startup who submits his or her data for the purpose of participating in this AP shall be deemed to have given express consent for the processing, use, retention or disclosure of such data for the purposes set out above.

13) No licenses under any technology, trade secrets, Know How or any copyrights, patents, trademarks or other IP rights of AMHI & MEDICI, their affiliates or any third party are granted to the startups under the IP content.

14) The startups releases AMHI & MEDICI from all the claims, hold AMHI harmless at all times and indemnifies and shall keep indemnified AMHI, its directors, employees, representatives and agents against all losses, damages, actions, claims and demands (including the cost of defending or settling any action, claim or demand), suits and other proceedings which may be instituted against AMHI arising out of a breach of representations and warranties, breach of obligations set out around intellectual property or non-disclosure of confidential information or the negligence, misconduct, misrepresentation, abuse of position, dishonest or criminal behavior of the startups, its agents, employees, sub-contractors, representatives or of any other person for whose acts or omissions the startups is vicariously liable for any deficiency/breach in service by the startups. The startups releases and indemnifies AMHI against any action, claim or demand by the startup's servants, employees or agents or their legal personal representatives or dependents arising out of the performance under this AP.

15) By entering the accelerator program, each startup agrees to release AMHI & MEDICI and its affiliates from and against any losses, damages, rights, claims and actions of any kind arising from

  • An exclusion or disqualification of such startup pursuant to these rules;
  • Late, lost, misdirected, or unsuccessful efforts to notify winners of any prize;
  • Forfeiture after announcement of a prize and the selection of an alternate winner;
  • Late, lost, delayed, damaged, misdirected, incomplete, illegible or unintelligible entries;
  • Telephone, electronic, hardware or software program, network, Internet, or computer malfunctions, failures or difficulties of any kind;
  • Failed, incomplete, garbled or delayed computer transmissions;
  • Any condition caused by events beyond AMHI’s control that may cause the AP to be disrupted or corrupted; and
  • Any injuries, losses or damages of any kind relating to participation in this AP.

16) AMHI & MEDICI reserves the right to cancel, terminate, modify or suspend this contest where required by law or if there is an impediment to the performance of this contract due to a breach by any of the AMHI’s contractual partners, or a delay in funding, or a force majeure event, or it becomes technically corrupted or if for any reason the internet portion of the contest is not capable of running as planned, including infections by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures or any other causes beyond MEDICI or AMHI’s control, which corrupt or affect the administration, security, fairness, integrity or proper conduct of this AP.

17) AMHI & MEDICI further reserves the right, in its sole discretion, to disqualify anyone found to have manipulated the contest or its operation.

18) In addition, AMHI & MEDICI at its sole discretion may disqualify any startup at any stage of the accelerator program without being required to specify any reasons in that regard.

19) This agreement/AP shall be governed by and construed in accordance with the laws of India and the competent courts in New Delhi alone shall have the exclusive jurisdiction to try any action or proceedings arising out of or in connection with this agreement/AP.

20) Startup selection and engagement

  • A pitch day would be organized in the month of February 2019 by AMHI for startups to showcase their proposed solutions in front of the jury.
  • Jury would be decided by AMHI & MEDICI.
  • Decision of the jury would be final.
  • Successful startups would be part of the accelerator program for a non-equity POC (proof of concept) trial phase over the next 15 weeks. 
  • A demo day would be organized at the end of POC phase for the startups who are part of AMHI accelerator program to demo the POCs.
  • Decision of the jury would be final for selection of winners of demo day.
  • AMHI would be engaging further with winning startups to create identified solutions.

21) Every individual provides consent to receive emails from MEDICI and/or AMHI related to this AP as well as other information related to products/services, events, news, and other offers.

  • AMHI would not cover cost of any travel/ lodging boarding for startup incurred towards for participation in Pitch Day/ Demo day to be organized at Gurugram. 

21) Logistics of accelerator program

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