Dark and Lovely Beauty Accelerator – Terms and Conditions
[vc_row][vc_column][vc_column_text] 1. The Promoters for The Dark and Lovely x SLA Beauty Accelerator (“the Program”) are Devorent Nigeria Limited (“She Leads Africa “) and L’Oreal South Africa (Proprietary) Limited (“Dark and Lovely Africa”) (collectively, “the organisers”). 2. The 2018 Dark and Lovely x SLA Beauty Accelerator (the“Program”) begins on 31 August 2018 and ends on 8 December 2018 (“Program Period”). 2.1 The Program consists of 3 (three) phases, namely: 2.1.1 The Application Phase: 31 August 2018 – 21 September 2018; 2.1.2 The Judging Phase: 24 September 2018 – 25 September 2018 2.1.3 The Program Phase: 1 October 2018 – 8 December 2018 3. By participating, all participants agree to be bound by these Terms and Conditions and the decisions of the Judges and/or Organisers, shall be binding and final on all matters relating to this Program. NOMINATION PHASE 4. ELIGIBILITY: 4.1 Employees, board and committee members of the Organisers, their respective affiliates in respect of the Program, their parent companies and subsidiaries, agents, distributors, sales representatives, advertising and promotion agencies and the immediate family members and/or those living in the same household of each of the foregoing are not eligible to be nominated for the Program. 4.2 Participants who wish to enter the Program (“Participants”) must be residents of Ghana, Kenya, Nigeria or South Africa who are in possession of a valid identity document. Businesses must have at least one woman aged 18-35 as a shareholder or owner, have been in operation for less than 3 years and have received no more than $50,000 in total investment; 4.2.1 must submit their application at www.sheleadsafrica.org/beauty; 4.2.2 complete, accept the terms and conditions and submit the application form at the abovementioned website by no later than 11.59pm WAT on 14 September 2018 (the Closing Date). Entries received after the Closing Date will not be counted. This also includes submission of the business’ pitch deck. 4.2.3 Applicants may apply for themselves or apply for someone else, provided that the Applicant has obtained valid consent from the Participant; 4.2.4 One entry per person. Bulk, automatically generated or third party entries are void. 4.2.5 Participants who are selected as Finalists must be able to supply up to three (3) references who can be contacted to verify the scope and extent of the Participant’s activities. References should be persons familiar with the business activities for which the application is made and should not include the Participant, or any person related to the Participant i.e. family members. 4.2.6 Potential nominees are subject to verification of eligibility and identity, which may include a background check and completion of any documentation required by the Sponsor to complete such background check, the results of which must be completely satisfactory as determined by Sponsor in its sole discretion. 4.2.7 Entries which are unclear, incomplete, and illegible or contain errors will be declared invalid. SELECTION PROCESS 5. SELECTION OF FINALISTS: 5.1 The selection will take place in two phases, namely She Leads Africa will narrow down the applications to the top 20 and then together with Dark and Lovely the top five will be selected. The judging will based on objective judging criteria listed below 5.1.1 Solution (20%): Is the company’s product solving a major problem or pain point for the customer? How well does the solution address the problem? Assessment of the proof of concept and product/market fit. 5.1.2 Team (20%): Assessing the team’s competencies, is this the best team to solve the problem the business is attempting to be the solution for. 5.1.3 Traction (15%): Is there proof of existing customers and revenue generated to date 5.1.4 Scalability (15%): Does the business demonstrate a significant capacity for future growth 5.1.5 Market size (10%): Is there a large addressable market for the company’s product? 5.1.6 Clear growth strategy (10%): Feasibility of the milestones identified by the company for the next 6 months 5.1.7 Unique Value (10%): The company’s product’s edge over other similar products 5.2 The organisers will contact the Selected Participants via e-mail by 20 September 2018. Should the selected participant not be contactable by the organisers after three attempts and by 12h00 WAT on 22 September 2018, the Selected Participants shall forfeit the program and the organisers will be entitled to select a different Selected Participant on the same conditions, except that the organisers will make only one attempt to contact each further name selected until Selected Participants are confirmed. 5. 3 Selection decisions will be communicated via e-mail by 01 October 2018. 5.4 All decisions of the Organisers regarding the Program are final and binding on all Participants and selection of all Winners is within the sole discretion of the Sponsor 5.5 If selected, Participants are required to participate and fully attend every part of the program, this includes but is not limited to; the week long boot camp in Johannesburg, weekly check-in calls, bi-weekly mentorship calls, completion of tasks given by the Organisers, final pitch week and Demo Day. 5.6 Should the entrant be selected to participate in the program, she undertakes to expeditiously provide to the organisers such information as may be required in order to establish her identity and eligibility to enter the competition, and to facilitate the coordinating of the prize. 5.7 The Selected Participants agree to keep all details they acquire during this Competition private and confidential until such time as the Organisers advise that they may disclose any such details. 5.8 Each entrant agrees and consents that the Organisers may run any background checks it deems necessary in relation to the Competition. 5.9 Selection for the program is non-transferable and there are no cash alternatives to the program in whole or in part. 6. OWNERSHIP OF SUBMISSIONS: 6.1 Acceptance of application constitutes the Participant’s’ consent to give the Organisers and its affiliates a royalty-free, irrevocable, perpetual, non-exclusive license to use, reproduce, modify, publish, create derivative works from, and display such applications, which includes but is not limited to the Participants images, videos, voice recordings, personal information submitted , the