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Disclaimer and Signature
The Summer Founders Pre-Accelerator is
designed to support nascent UD startup teams who wish to pursue advanced
learning by spending the summer working to validate their business hypothesis.
Summer Founders is modelled after the startup accelerator concept and can be
thought of as a “pre-accelerator”. Therefore, it is expected students
will seek to validate their business hypothesis and commit to a thorough and
complete effort and work fulltime throughout the summer and commit to not work
in another internship or job during this period.
Participants must commit to work
full-time on their funded project during this period and commit to not work in
another internship or job during this period.
All University of Delaware
teams, regardless of college or major, are welcome to apply. All team members
must be University of Delaware students enrolled at least half time and in good
standing.
Funding is made possible through
donations. These donors DO NOT and UD DOES NOT take ownership or equity in your
business or non-profit and have NO governance or control of your business or
non-profit. All we ask is you commit to working hard on your project over the
course of the summer.
The Director of Horn Entrepreneurship
shall be the arbiter of all rules and rule clarifications.
The Director reserves the right to
disqualify any participants who violate these rules or the spirit of the
program.
*Changes in program content or schedule may be made
before and/or during the course of the program.
Horn Entrepreneurship maintains full discretion over the selection process
and all funding and in-kind services associated with the program, including
grant amounts, terms and conditions.
Summer Founders includes open session presentations and external
review of business concepts. Participation is voluntary, and as such, participants
are responsible for determining whether to disclose proprietary or sensitive
information. The University of Delaware assumes no liability for accidental or
voluntary disclosures of proprietary information or intellectual property
Ownership of IP
You own any intellectual property (i.e., patents, hardware,
algorithms, copyrights) you bring to the program. IP developed through the
program and/or the process of business model testing and customer development
etc. is shared equally among the members of the team (unless the team agrees to
an alternative sharing agreement prior to the collaborative development of the
IP). If the team is working with University of Delaware owned IP (i.e.,
research being conducted by one of the team members or a UD patent), you MUST
check with the University’s Technology Transfer Office to better understand
licensing issues.
Concerns about sharing your idea
If you feel your idea may become real, you should discuss intellectual
property rights with your team from the beginning. If you can’t come to
agreement with the team, you will need to join another team, pick another
project, or drop out of the program.
Non-disclosures.
All
Horn Entrepreneurship programs are open programs. There are no non-disclosures
among students, faculty, mentors, advisors or any assisting outside party.
Please keep in mind that ideas are best viewed as liabilities, rather than
assets, because there are significant costs associated with pursuing them (in
terms of time and money). Also, initial ideas seldom prove successful; most
companies succeed because the process of learning, discovery, and execution that
shapes an initial idea that is mostly wrong into something that people actually
want to use. This process requires willingness to share your ideas openly with
peers and others.
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