Terms and Conditions for the AI Lab Accelerator Programme
1. Acceptance of Terms
By applying to and participating in the AI Lab Accelerator Programme ("Programme"), you ("Participant") agree to the following terms and conditions. The Programme is organised by Padang Ecosystem Pte Ltd, in collaboration with The AI Lab (collectively referred to as the "Organisers"). By participating, the Participant acknowledges they have read, understood, and agreed to these terms and conditions.
2. Eligibility
Participation in the Programme is open to startups and organisations that meet the eligibility criteria outlined by the Organisers. The Organisers reserve the right to verify eligibility at any time and to disqualify any Participant who does not comply with the terms.
3. Intellectual Property
3.1 Ownership of Existing IP:
Any intellectual property (IP) that the Participant owns prior to entering the Programme will remain the property of the Participant ("Existing IP").
3.2 Development During the Programme:
Any new intellectual property developed during the Programme in collaboration with the Organisers or with the use of their resources (including but not limited to access to data, infrastructure, and mentorship) shall be subject to further agreement regarding ownership, licensing, and commercialisation. The Parties agree to enter into a separate agreement outlining the specific terms for IP developed within the Programme if it involves Organisers' resources.
3.3 Infringement Warranties:
The Participant warrants that their submissions, existing technologies, and new developments during the Programme do not infringe on the intellectual property rights of any third party. The Participant agrees to indemnify and hold harmless the Organisers and the Insurance Company from any claims, damages, or liabilities arising from any intellectual property infringement or alleged infringement.
4. Confidentiality
4.1 Confidential Information:
Participants may be exposed to confidential and proprietary information ("Confidential Information") of the Organisers, the Insurance Company, or other third-party partners during the Programme. The Participant agrees to keep all Confidential Information confidential and not to disclose it to any third party without prior written consent from the disclosing party.
4.2 Return or Destruction:
Upon completion of the Programme or at the request of the Organisers, the Participant must promptly return or destroy any Confidential Information provided by the Organisers.
5. Data Protection and Privacy
5.1 Data Usage:
Participants may be given access to data sets ("Data") provided by the Organisers for the purposes of developing and testing AI solutions. The Participant agrees to use such Data solely for the purpose of the Programme and in compliance with applicable data protection laws, including but not limited to the Personal Data Protection Act 2012 (PDPA) of Singapore and other relevant privacy laws.
5.2 Data Breach and Liability:
The Participant is responsible for implementing appropriate security measures to safeguard any Data they have access to during the Programme. In the event of a data breach, the Participant must immediately notify the Organisers. The Participant agrees to indemnify and hold harmless the Organisers and the Insurance Company from any claims, liabilities, or damages arising from a data breach caused by the Participant's negligence or failure to comply with applicable laws.
5.3 Return or Deletion of Data:
Upon completion of the Programme or at the request of the Organisers, the Participant must delete any Data provided by the Organisers, unless otherwise agreed in writing.
6. Compliance with Laws and Regulations
Participants must comply with all applicable local, national, and international laws, regulations, and industry standards during the Programme, including but not limited to data protection laws such as the PDPA, cybersecurity regulations as mandated by the Cybersecurity Act 2018 of Singapore, and intellectual property laws under the Intellectual Property Office of Singapore (IPOS).
7. Liability and Indemnity
7.1 Limitation of Liability:
The Organisers will not be liable for any direct, indirect, incidental, special, or consequential damages arising out of the Participant's involvement in the Programme, including any damages related to data loss, intellectual property infringement, or business losses.
7.2 Indemnification:
The Participant agrees to indemnify and hold harmless the Organisers, their affiliates, directors, officers, employees, and agents from and against any claims, actions, suits, or proceedings, as well as any losses, liabilities, damages, costs, or expenses (including reasonable legal fees) arising out of or relating to (i) the Participant's breach of these terms, (ii) infringement of any intellectual property or third-party rights, (iii) violation of applicable laws, or (iv) any data breach caused by the Participant’s negligence.
8. Termination
8.1 Termination for Breach:
The Organisers reserve the right to terminate the Participant's involvement in the Programme at any time if the Participant is found to be in breach of these terms and conditions.
8.2 Voluntary Termination:
The Participant may voluntarily withdraw from the Programme by providing written notice to the Organisers. However, any obligations related to confidentiality, data protection, and intellectual property will survive termination.
9. Insurance
The Organisers will not provide any insurance coverage for Participants or their activities during the Programme. Participants are responsible for securing any necessary insurance policies to cover their participation in the Programme.
10. Publicity and Promotion
10.1 Use of Participant's Name:
By participating in the Programme, the Participant agrees that the Organisers may use their name, logo, and details about their participation in marketing materials, press releases, and promotional activities related to the Programme.
10.2 Participant's Consent:
The Participant agrees to participate in reasonable promotional activities during and after the Programme, such as interviews, testimonials, and case studies, to be used by the Organisers.
11. Dispute Resolution
Any disputes arising out of or in connection with these terms and conditions shall be resolved through good faith negotiations between the Participant and the Organisers. If a resolution cannot be reached, disputes will be subject to the exclusive jurisdiction of the Singapore International Arbitration Centre (SIAC).
12. General Provisions
12.1 Governing Law:
These terms and conditions shall be governed by and construed in accordance with the laws of Singapore.
12.2 Severability:
If any provision of these terms is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
12.3 Entire Agreement:
These terms and conditions constitute the entire agreement between the Participant and the Organisers concerning participation in the Programme and supersede all prior agreements, understandings, or representations.
