The Organising Committee of Guimaraes 2019 is excited to introduce a new kind of exciting competition in an IABSE Symposium, the ‘IABSE Tank.’
This competition aims to bridge the gap between the innovative and creative engineers and the daring investors in the industry searching for something new.
On stage, the candidates either an individual or a team will sell their new and patented ideas (e.g. innovative products, materials, techniques, software, services, etc.) to the 5 investors. The investors will decide on the spot if he/she is willing to invest or not. This is not a game, but a real opportunity for both investors and innovators to meet and start a real business partnership.
Description and Rules
The “IABSE Tank” competition aims to promote the promotion/exchange of new ideas (innovative products, materials, techniques, software, services, etc.) between IABSE Symposium Guimarães 2019 participants and companies in the Structural Engineering Market. The rules of this competition are as detailed next.
Evaluation panel, companies and participating teams
The Evaluation Panel will be composed of 4 to 5 potential investors representing market leading companies in the Structural Engineering sector. The candidates either an individual or a team must be formed by IABSE Symposium Guimarães 2019 participants. It is mandatory that the representatives of either Evaluation Panel and participating teams, should be registered in IABSE Symposium Guimarães 2019.
After the selection of the companies, the investors will be announced in the conference website. In this announcement, the description of the competition, rules, names of the companies and schedule may be updated.
Participating teams are free to propose a new product to the companies. However, companies are also allowed to suggest products to be developed by the teams.
The team’s proposal will be composed of the following elements:
i) A description of the idea;
ii) ii) A document proving that the original idea is already protected by a patent or other intellectual property right, or a document confirming that an application has been filled at any IP Office or any other authorized entity and accepted by the corresponding legal national institution;
iii) iii) Business plan (budget necessary for the development/implementation of the proposal, or for selling it).
After the submission of the proposals by the teams, the companies will analyze and select the ones to be presented in the ‘IABSE Tank’ plenary session.
Announcement of the investors and possible suggested ideas to be developed by the candidates: October, 2018
Deadline for presenting the idea to the organizing committee of IABSE Symposium: end of January, 2019
Announcement of the ideas to be presented in the ‘IABSE Tank’ plenary session: beginning of March, 2019
‘IABSE Tank’ plenary session: March 29, 2019
Ethics and Intellectual Property
It is exclusively up to the companies and/or teams to protect or ensure the protection of intellectual property of any proposal submitted to “IABSE Tank” competition.
Processing of personal data
Registration and submission shall be made in writing, which implies by letter or by electronic means, provided that they are non-discriminatory in nature and ensure integrity, confidentiality and protection of personal data. All personal data contained in the entry shall be processed in accordance with Regulation (EU) n.º 2016/679 of the European Parliament and of the Council on the protection of individuals with regard to the processing of personal data. Such data shall be processed solely in connection with the implementation and follow-up of the “IABSE Tank” competition.
Competitors may, by written request, gain access to their personal data and correct any information that is inaccurate or incomplete. They should address any questions regarding the processing of their personal data to the Organizing Committee IABSE, via the contact announced in the website of the IABSE 2019.
The Organizing Committee IABSE shall be authorised to publish the information about the proposals, mainly, names of the authors and titles of the proposals.
Participation in “IABSE Tank” competition implies that all the participants fully agree with the Terms and Rules for participating in the contest, wherein detailed.
As a condition of participating in this “IABSE Tank” competition, participants agree that any and all disputes that cannot be resolved between the participating parties and causes of action arising out of or connected with this competition, shall be resolved individually before the Portuguese Courts. Further, in any such dispute, under no circumstances shall participants be permitted to obtain awards for, and hereby waives all rights to, punitive, incidental, or consequential damages, including reasonable attorney’s fees, other than participants’ actual out-of-pocket expenses (i.e. costs associated with entering this competition). Participants further waive all rights to have damages multiplied or increased.
The Organizing Committee of IABSE may not be held responsible for any claim relating to the activities carried out in the framework of the competition by the participants. The Organizing Committee of IABSE shall not be held liable for any damage caused or sustained by any of the participants, including any damage caused to third parties as a consequence of or during the implementation of the activities related to the competition.
This contest is regulated by the laws of Portugal, without respect to conflict of law doctrines.
To participate as an investor or candidate please contact email@example.com