First Post TV18 Pulse The Venture Contest 2017 : firstpost.com

Organization : TV18 Broadcast Limited
Competition Name : Pulse The Venture Contest 2017
Applicable For : Citizens of India
Competition Last Date : 31st January 2017

Website : http://www.firstpost.com/
Contest T&C :  https://www.contest.net.in/uploads/19961-condition.pdf

Pulse The Venture Contest :

The Venture is a reality show reaching out to budding entrepreneurs across India, who will be given an opportunity to present their business ideas and the winner/winning idea shall be entitled for funding by the Sponsor for such amounts and manner as mentioned below in their proposed venture. (“Contest”)

Related : Pogo TV Big Bazaar Kiddie Club Selfie Contest : www.contest.net.in/19915.html

This Contest is organized by TV18 Broadcast Limited (“Organisers”) and Dharampal Satyapal Limited (“Sponsor”) and is open for all for participation who qualify the following conditions

Conditions:
a. citizens of India;
b. who are 18 ( Eighteen) years of age or above;
c. who are competent to contract as per The Indian Contracts Act, 1872.

Terms & Conditions:
1. To participate in the Contest, a Participant needs to fill out a form that will be available on the website www.theventure.co.in or any other platform as may be determined by the Organiser during the Entries Period (as defined hereinafter).

It is the Participants’ responsibility to ensure that their personal details (name, address, date of birth, email id, ID Proof) are always updated and accurate. Any correspondence regarding the Contest shall be sent to the Participants at the e-mail address provided by them in the Entries.

The Organiser / Sponsor shall not be responsible for no receipt of any letter/ correspondence by the Participants on account of incomplete or inaccurate details provided by the Participant.

Modes of Participation and the Process:
1. The Participant shall be required to fill out a detailed form available on the website www.theventure.co.in wherein he/she will have to answer all the questions in the manner specified and will submit age proof along with educational qualifications. (“Entries”)

2. Upon receipt of Entries, the Organisers and Sponsors shall in their sole discretion evaluate the same and pick the top 48 Entries (“ Show Participants”) who will then be part of the business reality show called “Pulse The Venture” which will be telecast on CNN News18& CNBC-TV18 (“Channel”).

3. The entire lay out of the Contest has been annexed herewith and marked as Annexure-A.
4. The Show Participants who get shortlisted and are part of the top 6 Entries shall be required to necessarily register a company under The Companies Act, 2013 to avail the Prize of the Contest.

5. Only one representative from each team shall be allowed as a Show Participant and be a part of the Contest that will go on-air on the Channel. For example: if the Participant is team consisting of four persons who get selected in the top 24, only one person from that team shall represent the team (its business idea).

Contest Period:
1. The Entries for the Contest shall be accepted from 17 December 2016 and shall conclude on 31 January 2017 at 23:59 hours or on such date as decided by the Organiser (“Entries Period”). Any Entries received after the Entries Period shall not be entertained and shall be considered ineligible for the Contest. .

2. The Show Participants shall be announced in the first week of February 2017 through email/telephone/letters on the contact details provided by the

Prize Details:
1. The Sponsor will invest INR 10,000,000/- (Rupees One Crore Only) in the business idea of the Winner which shall entitle Sponsor or its nominees to 10% stake in the specially constituted entity (“Entity”) in the form of equity shares or otherwise at the sole discretion of the Sponsor.
2. The Sponsor may in its sole discretion invest, over and above the Prize .The manner and details of such investment shall be finalised between the Winner and Sponsor by entering into definitive agreements.
3. Winner (whether team or single contestant) will be entitled for only one Prize and Winner hereby, jointly and severally, agrees not to contest or challenge the Prize received by it/them under this Contest.