How are IPR issues considered when submitting to an Innovation Challenge?
When submitting proposals to the Innovation Challenge, you do not need to disclose confidential information of your idea/solution. The most important thing in the submitted proposal is that the idea/solution is clearly described, so that we can get a clear idea on what you propose and how the idea works.
Submitted proposals will only be accessible to Spinverse and the organizing company. The IPRs of the submitted proposals are the property of the submitting companies/teams. Submitted proposals will not be discussed or shown at any point of the Innovation Challenge to other teams that have submitted to the challenge.
The need for NDA agreements can be discussed with Spinverse and the organizing company in case your proposal would be selected to the next stages for coaching and pitching. In the Pitching Day event that we organize at the end of the Innovation Challenge, you will present your idea only to the organizing company’s jury – other competing teams will not see your presentation even at this stage.
We have managed multiple Innovation Challenges and IP has not been an issue with this concept.
Once the winners are selected, the form of collaboration and IP agreements will be negotiated privately between the winning team(s) and the organizing company. Spinverse is a facilitator of the Innovation Challenge process and will not be part of these private discussions.