Innovation Hub Challenge

Overview

The Nigerian Bar Association Section on Business Law (NBA-SBL) is currently requesting for Expression of Interest from tech innovators who have designed or are in the process of designing solution-driven apps as part of our annual conference in a session tagged “Innovation Hub Challenge”.

As startups use technology to shape the way we live, work, and learn, they are taking on challenges in all critical sectors of the economy. The NBA-SBL recognizes the need to support innovators and entrepreneurs in the quest to develop technological solutions that have the potential to accelerate economic and social growth in our emerging digital economy.

 The Plan

The NBA-SBL Innovation Hub is being held as a two-part process. Part I involves invites to interested innovators to signify their interest by sending a short email describing the technology solution they intend to provide, followed by a closed-door review by a panel of assessors. Part II will take place as a Session (or on the sidelines) of the International Business Law Conference on 14-15 July 2021 where shortlisted innovators will be provided the opportunity to showcase their solutions.

The Requirement

The NBA-SBL Innovation Hub Challenge aims to advance the development of promising and innovative technologies in Finance, Legal, Health, Agriculture, Retail, Manufacturing and other sectors. Solutions will be shortlisted using a number of criteria including:

  1. Creativity & Impact
  2. Technical Feasibility & User Experience
  3. Business Viability & Overall Quality
  4. Team-work & collaborations.

The NBA-SBL Invites innovators and entrepreneurs from across Nigeria to submit an application to present their technological solutions. These technological solutions must be able to generate social and economic value for a digital society.

Please confirm your interest to participate by sending us your expression of interest, highlighting the following:

  1. Company profile/name of developer
  2. Name of Solution
  3. Brief description of Solution
  4. Estimated Cost of Development
  5. Fees for deployment

 

Terms and Conditions

Ownership of Intellectual property rights

All submissions to the NBA-SBL Innovation Hub Challenge remain the intellectual property of the individuals or organizations that developed them. The submission must be the original work solely of the entrant submitting the submission unless the entrant is entering on behalf of a group and/or his/her employer, in which case the Participant must include in the submission a written approval by such group or employer.

By registering, consenting to the terms of the NBA-SBL Innovation Hub Challenge, and entering a Submission, however, the Participant agrees that the organizers and technology partners reserve an irrevocable, nonexclusive, royalty-free, perpetual (or for the entire terms of duration of intellectual property rights), sublicensable license (without an entrant’s separate consent) to publicly display and showcase the App, product, or service on a worldwide basis.

To the extent permitted under applicable law, you consent to and warrant that you have procured the consent from other creators of copyright or other intellectual property rights in your submission to us, therefore any acts or omissions by the Organizers, Sponsors, or each of their respective assigns, affiliates, and successors which would otherwise constitute an infringement of the creators’ moral rights and waives any and all such moral rights in favour of Organizers and Sponsors.

Intellectual property rights restrictions, policy, and other legal restrictions.

By submitting an NBA-SBL Innovation Hub Challenge Entry or accepting any prize, you represent and warrant the following:

  1. You will not submit content that is copyrighted, protected by trade secret, or otherwise subject to third party intellectual property rights or other proprietary rights, including privacy and publicity rights unless you are the owner of such rights or have permission from their rightful owner to post the content and to grant NBA-SBL Innovation Hub Challenge all of the rights granted herein;
  2. You will not publish falsehoods or misrepresentations that could damage the NBA-SBL, Sponsors, and their respective Affiliates, or any third party;
  3. You will not submit content that is unlawful, obscene, defamatory, libelous, threatening, pornographic, harassing, hateful, slanderous, racially or ethnically offensive, or encourages conduct that would be considered a criminal offense, give rise to civil liability, violate any law, or is otherwise inappropriate or destructive to NBA-SBL or Sponsors’ brand image or goodwill;
  4. You will not post advertisements or solicitations of business;
  5. NBA-SBL will not be obligated to pay any compensation to, or permit any participation by, and the third party in connection with the display of any of the content that you submit; and
  6. The content submitted by you does not contain any viruses, Trojan horses, worms, or other disabling devices or harmful code.

Grant of License

By posting or submitting an Entry to the Challenge (regardless of the form or medium of such content), you hereby grant NBA-SBL, Sponsors, their respective affiliates, and their affiliates’ agents, and third-party contractors, without additional consideration, a worldwide, perpetual, irrevocable, non-exclusive right and license, with the right to sublicense, to discuss, publicize, market, and otherwise display content derived from or relating to the NBA-SBL Innovation Hub Challenge, and to distribute and use such Marketing Content for promotional and marketing purposes. You understand that you will not receive any compensation or credit for use of your entry, other than what is described in these Rules.

To be clear, a grant of license does not give the Organisers, Sponsor, and their respective affiliates any right to sell your Submission or any original component of it to a third party or to offer it as a value-added premium in connection with a sale or lease. If requested, the entrant will sign any agreement or other documentation (and/or obtain the signature from relevant third parties) that may be required for Organisers, Sponsor, and their respective affiliates to make use of the non-exclusive rights entrant is granting to use the Submission (and/or that may be requested to confirm such use).

Representations and warranties on copyright and other intellectual property rights

Participant represents and warrants that he or she is the sole author and copyright owner of the Submission, and that the Submission is an original work of the Participant, or if the Submission is a work based on an existing application, that the Participant has acquired sufficient rights to use and to authorize others, including the NBA-SBL Innovation Hub, to use the Submission, as specified in the “Intellectual Property Rights” section of the Rules; and that the Submission does not infringe upon any copyright or upon any other third party rights of which the Participant is aware, and that the Submission is free of malware.

Apart from copyright, each participant must be the owner of his or her submission (including the owner of all designs, logos, trademarks, trade names, patents, etc. in the submission) and/or otherwise, obtain all rights necessary to submit the Submission and participate in this innovation contest.

Restrictions relating to Sponsors, Participating Partners, and Administrators Participant’s submission must not contain any Sponsor names, trademarks, or other intellectual property. The Submission may contain third-party brand names, trademarks, or other intellectual property only if you have all necessary rights to allow you to include such intellectual property in the Submission and to allow Sponsor to use the Submission as contemplated and described in these Rules.
The Submission must not disparage Sponsor, any Participating Partner, Administrator, any other person or party affiliated with the contest, or any other third party.

As a participant, you agree, for yourself and each of your principals and officers, that the Organizers and Sponsors will have the perpetual right to publicly post and reproduce certain information about finalists and winners of the awards, including, but not limited to names of participating individuals, photographs, videos, category of business, logo and other marks, and an abstract (collectively, “Materials”) on the public areas of the Organiser’s and Sponsors’ websites, media sites, and through other means, all without compensation.

Indemnity

Each participant shall protect, indemnify, defend, and hold harmless the Organisers, Sponsors, and their affiliates, and their trustees, officers, agents, employees, contractors, and representatives (collectively, the “Indemnified Parties”) from and against any and all liabilities, losses, claims, damages, judgments, penalties, causes of action, costs, and expenses (including, without limitation, attorneys’ fees and expenses) imposed upon or incurred by or asserted against the Indemnified Parties resulting from, arising out of, or relating to the applicant’s participation in the NBA-SBL Innovation Hub Challenge.