Terms and Conditions – KPMG Private Enterprise Tech Innovator in the Philippines

This competition is being run by R.G. Manabat & Co., KPMG in the Philippines ("RGM&Co." or "KPMGPH"). The registered office of RGM&Co. is The KPMG Center, 6787 Ayala Avenue, Makati City, Philippines 1209. All references to ‘KPMG’, ‘we’ and ‘our’ within these Terms and Conditions shall mean RGM&Co. or KPMG PH.

The competition opens on 21 APRIL 2023. In order to enter the competition, you must complete and submit the application form available at:

https://www.meridianwest.eu.com/jfe/form/SV_0JaKF1WItM1Soho

The accomplished application form must be submitted on or before 23:59 on 05 June 2023. The applicant must be able to attend the National Competition event in July 2023 (successful applicants will be informed of the national competition joining procedures), and the Global finals at Web Summit in Lisbon, Portugal in November 2023 (as explained below) if your entry progresses to that stage. We reserve the right to hold the national and global events virtually depending on relevant restrictions at that time.

This competition is aimed at businesses typically in the start-up and scale up phase and which have innovative technologies, robust business models, the ability to demonstrate traction in their activities and the potential for global scale.

For the purposes of competition, applicants should:

• Be a registered company (including partnerships and equivalent for-profit corporate structures) in one of the following countries:
  • Australia,
  • Brazil,
  • China,
  • Colombia,
  • Denmark,
  • Finland,
  • Germany,
  • Ghana,
  • India,
  • Ireland,
  • Israel,
  • Japan,
  • Mexico,
  • Netherlands,
  • Portugal,
  • Qatar,
  • Saudi Arabia,
  • Southern Africa,
  • Sweden,
  • Taiwan,
  • United Kingdom,
  • United States,
  • Vietnam,
  • Philippines.

• Have been operating for 5 years or less (in current form)

• Either a pure technology, tech-driven or a tech-enabled business

• Not majority owned by a large corporate

You must be available to pitch your entry at:

• A National Competition to be held in July 2023 (successful entrants will be informed of the dates for their national competitions); and
• At Web Summit in Lisbon, Portugal from 13 November – 16 November 2023 (if selected as a national winner).

All entrants entering the competition on behalf of a company must:

• Be residents of the country in whose national heat they apply to participate; and
• Be aged 18 or over. 

The competition is open to KPMG audit clients as decided by the member firm.

There should not be more than one entry per company/entity.

All valid applications will be assessed once the application stage closes. Applications will be collated and assessed by KPMG professionals under three categories with equal weighting to each. The categories are; innovation and disruption, market potential, and traction and momentum.

Applicants who are successful after this initial assessment and subject to KPMG screening checks will be invited to pitch at the National Competition where they will be judged by a panel of industry experts made up from within KPMG and outside of KPMG. Some countries will have Regional Competitions in addition to a National Final.

All applications will be scored under five categories with equal weighting to each. The categories are; innovation, entrepreneurial spirit, company growth potential, customer focussed and risk awareness. The decisions of the industry expert panels will be final. 

One winning entry from each National Competition will win the chance to pitch at the Final to be held at Web Summit in Lisbon where the overall winning entry will be announced.

Written feedback will be provided to the applicants in relation to their scores awarded at the country competitions and the Final.

There are no charges for entering the Competition. Applicants will be responsible for ensuring that they have the necessary technology and internet access to participate in all virtual/online aspects of the competition. 

One entry from each National Competition will be selected to go to Web Summit in Lisbon 2023 where they will pitch to industry experts on stage and one overall winner will be selected as the KPMG Private Enterprise Global Tech Innovator 2023.

Benefits of being selected as one of the Finalists

• Access to facilities to exhibit at Web Summit including a dedicated, prominent booth. The conference is attended by 70,000+ founders, investors and corporate decision makers from around the world. Flight, accommodation, exhibiting platform and conference pass are included.
• Exposure of business profile with media before, during and after Web Summit, leveraging various KPMG channels.
• Access to KPMG events with business luminaires and CEOs from leading fast growth private global business

The prestigious award as the KPMG Private Enterprise Global Tech Innovator 2023 will be given to the overall winner, and will be announced and published in media and various KPMG Channels.

Winners of the Competition agree that KPMG may use their name and image, and the name and branding of the company that they are entering, to announce the winner of the Competition and for any other reasonable and related promotional and marketing purposes.

Participants warrant that any submissions entered as part of the Competition shall be their own original work and shall not infringe any intellectual property rights of any other person or entity.

Participants hereby grant to KPMG a non-exclusive, perpetual, worldwide, royalty-free license to use the content of their submissions and pitch materials and any intellectual property included in the submissions, for the purpose of administering the Competition and for KPMG’s own purposes, including sharing the submissions with its network of KPMG member firms for their further development of solutions to their business.  

Recent public health restrictions mean that KPMG may be required to change the timings or structure of the competition at short notice. For example, it may be necessary to conduct the Final virtually or to delay the Final if travel to Lisbon is not feasible for some or all participants.

If entrants are unable to attend the Final due to local travel restrictions, vaccination status, or other public health related reasons KPMG will make reasonable efforts to facilitate their involvement in a virtual way but this may not be possible and all decisions that KPMG takes with regard to the operation and timings of the competition shall be final. 

If there is any reason to believe that there has been a breach of these terms and conditions, KPMG may, at its sole discretion, reserve the right to exclude you and/or your company from participating in the 2023 competition and future competitions operated by KPMG. By entering the Competition you are agreeing on your own behalf and all directors, and on behalf of the company which you are entering, to be bound by these terms and conditions.

KPMG reserves the right to hold void, suspend, cancel, or amend the Competition and/or the prize where it deems it necessary to do so.

Insofar as is permitted by law, we will not in any circumstances be responsible or liable to compensate a winner or accept any liability for any loss, damage, personal injury or death occurring as a result of taking up the prize, except where it is caused by our negligence or that of our employees. Your statutory rights are not affected.

These terms and conditions shall be governed by Philippine laws and regulations, and the parties submit to the non-exclusive jurisdiction of the Philippine courts. These regulations include professional and independence standards applicable to the accountancy profession in the Philippines. Once the Competition moves up to the Global level, the applicable laws and regulations shall be English laws and the parties submit to the non-exclusive jurisdiction of the English courts.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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