Elderrific - Startup Competition

Terms and Conditions

Elderrific Elderly Care Startup Competition (“Elderrific”) is organized by SanusX GmbH (“SanusX”) in cooperation with Health Hub Vienna (“HHV”). Elderrific is open to startups/scaleups from anywhere in the world active in the elderly care space.

SanusX (www.sanusx.com) is a corporate start-up established in 2020 by the UNIQA Insurance Group, a leading insurance provider in Central Eastern Europe (CEE). While SanusX operates outside the insurance industry, it utilizes UNIQA’s network in the health sector including five Hospitals and more than 250 doctors and VitalCoaches. These resources enable SanusX to develop innovative products and services that have a noticeable positive impact on the life of customers. While SanusX is based in Austria, solutions should be scalable and have impact in an international market.

HHV (www.healthhubvienna.at) helps corporates to pursue digital health-related innovation projects via connecting them to high potential startups. HHVs mission is to create a community that drives healthtech innovation via pioneering win-win scenarios for all stakeholders (patients, health care providers, corporates, startups, public players). For this reason, HHV developed a methodology for engineering use cases that benefit corporations, startups and the users and providers of the healthcare system in order to drive Austrian and European healthcare innovation forward.

Who can participate?

  1. Companies tackling universal problem(s) in the elderly care space with a solution that is internationally scalable.
  2. Companies passionate about their idea and willing to improve the lives of elderlies and those who take care of them.
  3. Companies always putting customers first that have already gathered valuable insights from potential users and other stakeholders.
  4. Companies offering services, platforms, or digital tools.
  5. Companies with a live MVP or an ability to demonstrate how their solutions work.
  6. In line with the SanusX strategy, companies active in highly technical and regulated areas (for instance production of medical devices) or asset heavy businesses (for instance building nursing homes), in most cases will not be accepted for consideration.

Participants selected for Elderrific will have the opportunity to receive funding and the opportunity to access the SanusX ecosystem described in more details below.

Elderrific will take place online. The application form can be accessed at the following website: www.sanusx.com/en/elderrific.

AWARDS

Startups selected for Elderrific may or may not be eligible for:

  1. Up to 50,000 EUR funding to accelerate the business development in the form of convertible bonds. The funding may be granted to any number of participating startups;
  2. Access to healthcare opinion leaders, know-how, skills as well as the elderly care ecosystem across DACH and Eastern Europe provided by SanusX;
  3. Testing of their products / solutions with the help of over 700 elderlies and 1400 caregivers who are already customers and service providers, respectively, of SanusX;
  4. Favourable terms for office space in Vienna.

TIMETABLE AND KEY DATES

9th of Aug, 2021 – applications open

13th of Sep, 2021 – last day to apply

30th of Sep 2021 – selection of startups competing for awards

20th of Oct 2021 – final presentations and selection of winners

SanusX reserves the right to alter any and all of the key dates presented above without prior notice or justification. Elderrific entrants will be informed of changes to dates in the timetable via email.

The Elderrific startup competition, including final presentation, will take place exclusively online. The participants will be provided with more details regarding the digital venue via email correspondence.

Final presentations will be judged by a jury consisting of a panel of experts from SanusX, HHV and external innovation experts.

DISQUALIFICATION

SanusX and HHV reserve the right at their sole discretion to disqualify any participant that in their judgement violates the spirit of the present Terms and Conditions. SanusX’s and HHV’s decisions are final and binding.

INTELLECTUAL PROPERTY

All Intellectual Property (“IP”) developed by participants during Elderrific will be owned by the participants. Neither SanusX, HHV, nor any partner, will claim any rights of ownership to IP developed during the course of the program unless mutually agreed with the participants. All parties retain full ownership of their pre-existing IP.

By submitting an application to Elderrific, you warrant that all information that you submit will not infringe the IP, privacy or IP rights of any third party, and will not contain anything which is libellous, defamatory, obscene, indecent, harassing or threatening.

MARKETING AND PROMOTIONAL ACTIVITIES

Participants may be requested to take part in marketing and promotional activities. SanusX and HHV staff reserve the right to use the names of the participating companies and their employees, their photographs and any audio and/or visual recordings of them arising from participating in Elderrific for any marketing and promotional activities before, during and after the competition.

CONFIDENTIALITY

All applications, business plans and other commercially sensitive documents submitted by the participants will be kept strictly confidential and will not be disclosed to any third parties other than those referred to in the present Terms and Conditions.

Personal data relating to participants will be used solely in accordance with GDPR and will not be disclosed to a third party without the participants’ prior written consent.

PRIVACY POLICY

By applying to Elderrific, participants agree to our Privacy Policy and to receive Elderrific newsletters and updates by email.

LIABILITY

Participants assume sole responsibility for any results obtained from entering the competition. SanusX, HHV, sponsors and/or partners will not in any circumstances have any liability for loss of business, loss of profits, loss of anticipated savings, loss of or damage to data, third party claims (in each case whether direct or consequential) or any consequential loss arising from applying to or entering Elderrific, or as a result of accepting any awards.

In no circumstances can SanusX or HHV itself or its advisors and experts be held liable for any advice provided by their staff, mentor or experts to the participants. SanusX and HHV staff will not be liable for damage to or loss of any property of the participant or that of the participant employees, customers or other invitees to Elderrific or any losses, claims, demands, actions, proceedings, damages, costs or expenses or other liability incurred by the participant or the participant employees, customers or other invitees to Elderrific.

SanusX and HHV are not responsible for any problems or technical malfunction of any telephone network or service, computer systems, servers or providers, computer equipment or software, failure of any email on account of technical problems or traffic congestion on the Internet, or any combination of these, including any injury or damage to a participant‘s or any other person’s computer or mobile telephone related to or resulting from participation or downloading any materials of Elderrific.

PARTICIPANT WARRANTIES

By entering, participants accept the present Terms and Conditions and agree to be bound by them. Participants warrant that they are eligible to participate in Elderrific and agree to release, indemnify and hold harmless SanusX and HHV staff and all

associated partners in Elderrific and their respective directors and employees from and against any and all losses, claims, liability and damages of any kind, brought against any of them, as a result of participation in Elderrific or acceptance or usage of awards.

GOVERNING LAW

This Agreement and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of Austria.

The Parties agree that the competent courts of Austria, the city of Vienna, shall have

exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with these Terms & Conditions or its subject matter or formation (including non -contractual disputes or claims.