Milestone Plan

Winning teams shall be given the Hackathon Pre-Investment Award (“Award”) as a milestone-based conditional fund. Winning teams shall prepare and sign a milestone plan for the utilization of the Award with an advisor/coach appointed by Qatar Development Bank (QDB).

Eligibility

In case of failure to submit the required documents as requested within thirty (30) days, the winning team may be disqualified from receiving the award, at QDB’s discretion.

Program Participation

Winning teams shall be pipelined to QDB Incubation Programs (as deemed fit by the committee, “Program”). Acceptance of the Hackathon Pre-Investment Award automatically confirms the winning teams’ participation in the Incubation Program and commitment to raise follow-on funding. If the team decides not to continue with the Program or drops out during the Program, the disbursement of the Award may be suspended pending review by the relevant committee.

Follow-On Funding

The additional funding and in-kind support upon successful completion of the Incubation Program is to be allocated at the full discretion of the judging committee of that specific program.

Use of Funds

The winning teams may only use the Award for market validation tests, minimum viable product development, marketing, and legal expenses (subject to approval by the coach). Otherwise, QDB shall have the right to suspend / revoke the Award in case the team does not comply with the agreed upon milestones.

Intellectual Property Rights

The participants shall act in good faith and shall not infringe any new and existing IP generated from the venture or Intellectual Property Rights that are owned by any third party. Should this event occur, QDB shall not be liable for any actions by participants who caused such infringement. Intellectual Property developed by the participants belongs to the participants and the Award does not entitle QDB to any intellectual property rights of the winning teams.

Terms & Conditions

QDB shall have the right to revoke the Award in case of misuse of funds and/or violation of QDB’s terms and conditions. Failure to comply with Incubation Team during the hackathon or after being awarded shall trigger an automatic disqualification from the hackathon and its Awards.