AXA Startup Angel in partnership with Evening Standard 2022 (‘Promotion’) RULES
IMPORTANT: By entering the Promotion you confirm that you have read and accepted these Rules.
This Promotion is administered by Evening Standard Limited (the ‘Promotor’). The Promotor is partnering with AXA Insurance UK plc (‘AXA’).
References in these Rules to “we” “us” and “our” are references to the Promotor.
How to enter:
1. To enter the Promotion, you must:
a) Visit axastartupangel.standard.co.uk and register your details;
b) Submit answers to the two questions (maximum 200 words per answer). Question 1: Tell us about your business idea. What problem or customer need does it address? Question 2: What would winning this prize mean for you and your business? How would you spend the £25k and what would you get out of the mentoring?
c) Upload a one-minute elevator pitch video telling us about you, why you’re passionate about your business idea and why we should choose you?
Your answers to the 2 questions and the video are referred to as your ‘Submission’.
2. Your video must be submitted in .avi, .m4v, .mov, .mp4, .mpeg, .mpeg4, or mpg digital format with a maximum file size of 250MB and be no longer than one minute in duration. If you submit a video with a larger file size or which is longer in duration you will be disqualified from the Promotion.
3. Your Submission will be judged by a panel of judges, including one independent judge, based on the following criteria:
a) You tell a clear and compelling story which inspires the judges;
b) You display drive, passion and excitement for the business idea and tell a great story about your start up business and show that you would be a good ambassador for the AXA Startup Angel campaign and for AXA; and
c) You demonstrate a clear understanding of:
- Your target market;
- Where your product or service will be positioned; and
- The problem that your product or service solves or the solution it provides; and
d) Your Submission must also clearly account for how you intend to spend the £25,000 prize money and how you anticipate benefitting from the mentoring.
4. Winners will be expected to act as an ambassador for the AXA Startup Angel campaign for a 12-month period from 25 August 2022. This will mean that interviews, filming or other recording would take place at mutually agreed times and places.
5. If your Submission is deemed by us to be rude, offensive, defamatory, illegal or condoning dangerous behaviour you will be disqualified from the Promotion.
6. Online entry will open at 10:00 on 16 May 2022 and close at 23:59 on 17 July 2022. Entries received before the opening date and time or after the closing date and time will be rejected.
7. You confirm that you have obtained the consent of all individuals that feature in your Submission (in the case of children under the age of 18, you have obtained the consent of the child’s parent/guardian) and agree to notify us immediately if their consent is withdrawn at any time.
Eligibility:
8. The Promotion is only open to the following individuals who:
- are residents of the UK aged 18 and over and who are based in the UK at the time of entry; and
- who have not been declared bankrupt in the UK within the last 10 years and who do not hold a criminal record for an offence committed in the last 5 years or an older offence which is not considered spent. By entering this Promotion you warrant that you fulfil this eligibility criteria in full.
9. The business idea described in the Submission must:
-either not already be registered or be actively trading in the UK (excluding Ireland and NI), or have been actively trading in the UK for fewer than 12 months as of 23.59 on 17 July 2022;
-have fewer than 10 employees if actively trading;
-be an original idea and not a copy of a business that already exists;
-not rely on ideas or concepts trademarked by an existing UK business, use protected marks or infringe copyright in any way.
10. Entry is restricted to one entry per business; duplicate entries will be disqualified.
11. If it is subsequently discovered that you or your business idea are ineligible, you will forfeit your right to claim any prize and we reserve the right to select another entrant to participate in the Promotion or withdraw the Prize and select another winner, as applicable.
Prizes:
12. Two winning entries will each receive the ‘Gold’ Prize which consists of:
a) £25,000 specifically to fund the business or business idea;
b) A package of business mentoring by one or more of the AXA Start-up Angels. This will consist of 30-minute pre-scheduled in-person or digitally-delivered advice sessions on mutually agreeable dates in 2022; and
c) Twelve months of Business Insurance. AXA will undertake a review of the business’ insurance needs and will cover the cost of 12 months’ worth of premium to the winner. The cover will only be in respect of Property and/or Liability insurance (Motor is excluded), and should be taken out through AXA directly or if advised by AXA, through an AXA nominated intermediary.
13. Three winning entries will each receive the ‘Silver’ Prize which consists of:
a)A digital advertising campaign with the Evening Standard worth £10,000; and
b)A 30-minute mentoring session with a representative of the Evening Standard in the field deemed most relevant to the winner’s business requirements, pre-scheduled in-person or digitally-delivered on a mutually agreeable date in 2022.
14. One winning entry will receive the ‘Bronze’ Prize, which consists of:
a) A digital advertising campaign with the Evening Standard worth £1,000.
15. We will endeavour to transfer the prize money within 28 days of notification that you are a prize money winner but are not responsible for any delays. The prize money will be paid into either the existing business account or a business account set up by specifically for the purpose of starting the business. This prize money may be used only for the purpose of the business and must not be used for personal expenditure.
16. Any costs and expenses which are not specifically included in the Prize descriptions above are excluded and will be the sole responsibility of each winner. By way of example, without limitation, provision of licences or permits required for your business to operate, business rates or staff costs are not included within the Prize.
17. Each winner will be responsible for, and will account to the appropriate authorities for, all tax liabilities or similar contributions payable in respect of the Prize. The Evening Standard and AXA accept no responsibility for any such tax liabilities.
18. The Prize is non-transferable. However, we reserve the right to substitute the Prize with another prize of equal or greater value at our absolute discretion.
What happens after your entry is submitted:
19. All submissions will be initially checked for eligibility and then reviewed against the criteria outlined above. The eligible Submissions will:
(a)be reduced to a shortlist of 20; and
(b)a panel of judges including the AXA Start-up Angels and an independent judge, will select ‘Gold’ and ‘Silver’ prize winning entries from the shortlist.
20. Those shortlisted entrants who did not win either ‘Gold’ or ‘Silver’ category prizes will be contacted to confirm whether they would like to be entered into the ‘People’s Choice’ award for the chance to win the ‘Bronze’ prize. The ‘People’s Choice’ award will see the 200 word description of their business / business idea published on standard.co.uk for the purpose of the readership voting via digital poll for their favourite. The business with the most votes will be named the ‘Bronze’ ‘People’s Choice’ winner.
21. Winners will be contacted on or before 25 August 2022 via telephone on the number provided during the entry process. If a winner does not respond within 2 working days from being contacted, they will forfeit their right to the Prize and we shall be entitled to select another winner from the shortlisted entries.
22. The Evening Standard and AXA may publish and publicise your name, image, social media handle and/or profile picture, your nearest geographical location (for example, your nearest city, town or county) and your Submission, and we may refer to your and any applicable third party’s (for example anyone included in the Submission) association with the Promotion and/or the Prize, in any and all media, worldwide, in perpetuity, for publicity and PR purposes solely in connection with the Promotion.
23. In relation to the winners - you acknowledge that the Evening Standard and AXA may interview you and your guest(s) and we may film, photograph and/or record you and your guest(s) in connection with the Promotion, either by telephone, video call or in person, and we may use such films, recordings and/or photographs for publicity and PR purposes in any and all media, worldwide, as often and for as long as we consider appropriate or desirable, in connection with the Promotion..
24. For all enquiries in connection with the Promotion please contact the Evening Standard’s customer support team at www.standard.co.uk/contactus
25. These terms and conditions shall be governed by and construed in accordance with English law and any disputes arising from these terms and conditions shall be subject to the exclusive jurisdiction of the Courts of England and Wales.
Data Protection:
26. Your personal data, and the personal data of any guest(s) that you or they provide to us, will be collected and processed by us, our licensees and AXA, and if applicable, our service providers and suppliers in order to administer and fulfil the Promotion. Your personal data may also be disclosed to the Advertising Standards Authority at their reasonable request in order to comply with applicable advertising codes.
27. We may hold your personal data for a period of 1 year in order to comply with our regulatory obligations.
28. By entering the Promotion, you acknowledge that any personal data provided by you in connection with the Promotion will be processed as set out above and in accordance with our Privacy Policy, which sets out full details of how we process personal data and how you can exercise your rights as a data subject. Please ensure you have read and understood our Privacy Policy before entering any Promotion.
29. If you ask us erase your personal details prior to the conclusion of the Promotion, you will forfeit your right to enter the Promotion and/or claim any prize and we reserve the right to select another entrant to participate in the Promotion or withdraw the prize and select another winner, as applicable.
30. If you provide us with a guest’s personal data in connection with the Promotion, you must ensure that your guest has given you consent to provide us with their personal data.
