Terms and Conditions
Eligibility
 

The contest is open to everyone over 18 years of age, residing in India (Including Indian and Foreign Nationals)

The contest is open to technology enthusiasts, engineers, business executives or anyone else alike as long as they claim to possess some useful technology-related concept. However, it is NOT necessary for you to know coding, marketing or finances all at same time (although preferable).

   
  Mode of applying
 

Participants are required to submit their applications through our website http://www.dreamzhunt.com

   
  Number of entries
   
 

There is no restriction to the number of entries that a participant can send. Multiple entries by the same participant for different ideas are welcome.

  Each application entry will be judged on its individual merit. Therefore, each entry equally qualifies to win the contest, regardless of whether the participant has enrolled more than one idea.

  The participants are required to fill in all information asked for in the online form. Incomplete entries are not valid.

   
  Entry Fee
   
  The entry to dreamZhunt contest is free, and not charged.
   
  Last Date for receipt of applications
   
 

The contest is open until mid-night 31st March, 2007 IST. All entries to dreamzhunt must reach us on or before 31st March, 2007.

  We will not entertain entries received thereafter for the contest.

  However if you are still interested in letting us know about your idea, you may do so separately, but it will not come under the purview of dreamZhunt- the contest.  You can email us at incubation@sgstechnologie.com incase you dont want to go through dreamZhunt or submit after the deadline. Also, dont forget to precisely describe why you chose not to go through dreamZhunt mode.

   
  Presentation of ideas
   
 

Ideas must be submitted in English.

The subsequent presentation of the ideas at the one day event will be in English.

   
  Misrepresentation of information
   
 

We expect that all information submitted to dreamZhunt application is true and fair. If any participant is found guilty of misrepresenting information, then the participant shall be expelled from the competition

   
  Originality of the ideas
   
 

We are looking for people who have original ideas. It may be an inspiration from existing technologies, but we request you to kindly avoid plagiarism and be original with your concepts.

If at any stage of the contest, we come across plagiarism and if an idea is found to be copied , it will be be rejected.

   
  Ownership of ideas
   
 

Once submitted, all ideas will  become the property of dreamZhunt. dreamZhunt will have the rights to disclose/ not disclose the ideas in public.

However, contestants can keep their idea confidential by checking the "Please treat my application as CONFIDENTIAL" box at the time of applying. By doing so, dreamZhunt will NOT display your idea at any point of the time during the contest.

Until an idea is eliminated from the contest, it remains to be the property of dreamZhunt. In case of elimination, the ownership will automatically revert back to the participant.

If the idea emerges as the winner, and in case the participant does not want to take up the offer, he/she may forego the offer and the ownership rights will be given back.

   
  Decison making process
   
 

The entries will go through a preliminary screening and the shortlisted ones will either be put on our portal for voting or internally evaluated by our panel and team. The shortlisting of the entries is under the sole discretion of SGS- TIC.

If the shortlisted ideas come under "public" submissions, then it would be rated by both public and our panel of judges with appropriate weightage.

If the shortlisted idea is a confidential submission, then it would be rated by our panel and internal team alone .

   
  Voting for public submissions
   
 

Voters can rate only once for each idea. Participants are encouraged to invite their acquantainces to vote online, but any participant who attempts to manipulate voting results in any way will be removed from the contest.

The top 10 shortlisted ideas

The 10 shortlisted ideas will be invited for the Grand Finale of dreamZhunt 2007.

Non-winners will not be intimated. We however request you to keep checking the website regularly for latest news, and keep up with the proceedings of the contest.

   
  Grand Finale of dreamZhunt 2007
   
 

Grand Finale of dreamZhunt 2007 is a one-day event , which will be held in Chennai. The shortlisted participants are expected to present their ideas before the panel of judges. The participants have to be here in person,as an individual or as a team. In case of a team, all the members are expected to be present at the event, and representatives are not allowed.

   
  Judges' decision
   
 

The panel of judges decision onthe contest winners. will be deemed as final and abiding. SGS-TIC is taking all efforts to keep the contest unbiased and fair.

The Top Ideas and Stakes

The top 3 winning ideas get

Seed funds ranging between $20k to $ 100K

Stake options starting from 15% and up\to 90%.

The percentage of stakes depends upon the following factors

a. The value of the idea

b. The level of assisstance required by the technopreneur
    However these are not the exclusive criteria.

   
  CRITERIA FOR JUDGING THE WINNERS
   
 

Entries will be evaluated based on applicant with the most points will win the contest. Points will be awarded for the following criteria

   
 
1 Impact to Society
2 Originality of Concept
3 Commercial Value/Benefit to User
4 Ingenuity of Bringing Concept to Deployment
5 Completeness of Demonstration (includes programming,
presentation, efficiency, and thoroughness of idea and
execution)