Lumos (“The Program”) is a speed scaling market access program powered by Healthcare Global Enterprises Ltd. and Anthill Ventures (“Organizer”).
The Program aims to source, fund, and grow for-profit early stage ventures in the healthcare and life sciences industry.
Applications will be invited from domestic and foreign countries, and will be evaluated by a panel of industry experts and venture capitalists. 9 – 12 companies will be selected based on merit to participate in The Program.
The Program will begin on 12th November 2018, with a Pre-Demo Day on 10th December 2018 and a Demo Day on 15th February 2018. Each team will be provided with some funding, training sessions, one-on-one mentoring, and feedback from industry partners/investors. The Program will culminate with a Demo Day where selected teams present to investors and potential business partners. Companies will have access to The Program’s network for the following 9 months as they grow to the next round of funding.
Applications will be evaluated based on criteria that include but are not limited to the following:
Companies must be technology-based and should have a product or service that services the healthcare and life sciences industry
Selection of The Program’s participants will be based on criteria such as market
opportunity, product, technology, scalability, team, etc.
To be eligible to participate in The Program, the company must complete the application process through the online application form before the deadline listed on The Program’s website and online application form. Incomplete applications will not be considered. The Program’s Organizers are not obliged to entertain applications received after the last application deadline.
Intellectual Property.The Program’s Organizers have no claim of ownership over any intellectual property submitted as part of the application process or any intellectual property developed during The Program. However, submitting an application grants The Organizers the right to publish names or aliases of applicants in connection with The Program. Applicants must declare that they are not infringing upon the intellectual property of a third party and shall always keep indemnified the Organizers from or against any or all actions, claims, damages, losses, costs, suits or proceedings. Any intellectual property that is the property or patented by a third party must legally agree to its express use by the applicant. Applicants claiming an idea or technology as original, patentable, and/or patented must be able to product documented evidence as such.
Investment.Allocation of cash, seed funding, and/or equity investment is at the sole discretion of The Organizers. Since companies will be provided with a cash consideration, any costs related to stay will be borne by the participating company.
A maximum of three members from each participating company in The Program will be allowed to participate in various events, training, and coaching during The Program. The company shall ensure that its member conduct themselves with decency, as per rules and regulations prescribed by the Organizers, and shall not indulge in any indecent/riotous activity.
Access to further funding is subject to going through the Program and progress made by the selected companies. Organizers will make an investment decision based upon a thorough review process.
LiabilityThe Program’s Organizers and other involved persons will not be liable for any costs incurred or loss or liability suffered by the participant in relation to The Program, any loss in expectation of profits by the participant, any failure by the participant to understand the rights of the participant, Organizers, supporting organizations or any third party in relation to Intellectual Property, and any other benefit the participant may expect to gain by participating in the Program.
The participant agrees to defend, indemnify, and hold The Organizers and other involved persons harmless against any losses, costs, liability(ies), damages, suits, proceedings and expenses (including reasonable attorneys’ fees) arising from or related to any action or claim brought or threatened against The Organizer’s involved persons alleging that any of the applications submitted, shortlisted and/or selected, infringe any patent, copyright, trademark, trade secret, or other intellectual property rights of any third party, and or if The Organizer’s involved persons suffers any injury, loss or damages by breach of the warranties above. The Program’s Organizers agree to provide the participant with prompt written notice of such claim or action, the opportunity to participate in the defense or settlement of such claim or action, provided, however, that Participant(s) will not without prior written consent of The Organizers settle or compromise any claim in a manner that does not unconditionally release The Organizers and that may adversely affect The Organizers’ rights under these Terms & Conditions.
ConfidentialityMembers of the application evaluation panel, advisers, and mentors will be appointed on the basis that details, ideas, or other information of the applicants will not be shared or misused, except in their capacity as a member of the evaluation panel, adviser, and/or mentor. Organizers will not accept any responsibility for the actions of any evaluation panel member, mentor, or adviser for their obligations in respect of confidentiality. Organizers will not sign any Non-Disclosure Agreement (NDA) with the participants. While every effort will be made to preserve the confidentiality of each submission, it is suggested that highly sensitive material be excluded from the entry if a team is concerned about the confidentiality of such material. Note, however, that finalist teams will be making brief presentations to an evaluation panel and an audience. All reasonable measures to ensure the protection of intellectual property of the participating companies will be taken. Protection of such rights is however, ultimately the responsibility of each participant. Organizers agree not to use any confidential information received during The Program to produce or test a product or service.
The Terms & Conditions as in the agreements to be executed with The Organizers and The Program’s participating companies will be final and binding upon both parties.
The participant is solely responsible for any taxes, duties, charges or levies payable in
connection with any funding (including any grants or investments) received in connection with The Program.
Organizers may at any time disqualify a participant from The Program for breach of any Terms & Conditions of The Program or discontinue the Program by posting a notice to that effect on the website. Any disputes arising under or related to the Program shall subject to the exclusive jurisdiction in the courts of Bangalore only.
The Organizers shall in any case not be liable to either the participants or the Participating Companies for any change/discontinuation of the Program or change/amendments in terms and conditions of participation.