Shortlisted applicants will be invited for a Pitch Fest in Singapore on 11 May 2017.
PayPal will provide over 9 months:
Prime co-working space at PayPal’s Singapore Technology Center located at Suntec City.
Structured learning conducted by experts in the FinTech industry. Finance and technology topics such as risk, compliance, core payment network, channel partnering etc., will be covered in the curriculum.
Coaching and mentorship by PayPal executives and external business/technical subject matter experts.
Access to talent from within and outside PayPal.
Access to funding through PayPal’s network and VC connections.
An environment which promotes collaboration and innovation, where startups can grow and feed off each other’s energy, creativity and support.
PayPal’s incubation program is for you if you are:
A FinTech product or technology startup.
Have a minimum viable product (MVP) and early trial with customers.
Armed with seed stage funding.
Based out of Singapore or willing to relocate startup to Singapore.
The 2016 PayPal Pitch Fest is open for registration to FinTech product or technology startups that: (a) have a minimum viable product and early trial with customers; (b) are armed with seed stage funding and (c) are based out of Singapore or willing to relocate their startup
to Singapore. By registering for Pitch Fest, you agree to be bound by these terms and conditions. The
Pitch Fest is conducted by PayPal Pte. Ltd. (“PayPal”).
Announcements The expert judges will select finalist startups based on their applications. The
finalists will be notified via phone and email latest by 27 May 2016. The finalists must be available on 2 June 2016 from 1.30 pm to 6 pm in Singapore to present their pitches to the panel of expert judges, at their
own expense. PayPal is not responsible for any costs associated with entering the Pitch Fest.
Winners The expert judges will select winners to participate in PayPal’s nine-month incubation
program. The winners will be notified via phone and email on or after 3 June 2016. Winners are expected to be
available and present for a media briefing and PayPal Innovation Lab launch event on a date to be advised. The winner acknowledges that the incubation program will be subject to
separate terms and conditions which will require the winner’s agreement. If, for any reason, the winner
does not take the prize, the prize will be forfeited by the winner.
Judging All eligible applications will be judged by a panel of expert judges (internal and external to PayPal)
selected by PayPal in its sole discretion. Judging of the applications and the pitches will be based on the
following criteria: (i) startup team – the technical capabilities, business background and commitment of
the team; (ii) business model and market – scalability of the business, market size and barriers to entry; (iii)
technological innovation, defensibility of technology and competitiveness; and (iv) early traction and
market viability. For full details about the judges, please see https://www.starttank.com/singapore/apply/.
PayPal reserves the right to appoint new/substitute judges for reasons outside its reasonable control
(including, but not limited to, in the case of illness, unavoidable absence, or conflict of interest of any of
the judges). Decision of judges is final and binding on all matters relating to Pitch Fest.
Startup teams If you enter Pitch Fest as a member of a team, you understand and agree that, in order for
a team to be eligible to participate, all of the members of the team must agree to these terms and
conditions. By entering, you represent and warrant that you have obtained the appropriate agreements
and/or approvals by your team members.
Ownership All applications shall remain the property of the eligible participant. However, each entrant
agrees that PayPal may, without any limitation or compensation, use his or her name, voice and/or
likeness in any and all media for the purpose of advertising and promoting the PayPal websites, the Pitch
Fest, PayPal incubation program or any other promotion sponsored by PayPal. Additionally, by submitting
an application, you acknowledge that PayPal may obtain many entries in this Pitch Fest and that such
entries may be similar or identical in theme, idea, format or other respects to others submitted in this
Pitch Fest and/or other competitions or otherwise involving PayPal. You acknowledge and agree that
PayPal does not have now, nor shall it have in the future, any duty or liability, direct or indirect, vicarious,
contributory, or otherwise, with respect to the infringement or protection of any copyright or other
intellectual property right in and to your application.
Representations and warranties You hereby represent and warrant that your pitch/startup (i) is your
original work and was created by you, (ii) has not won previous awards granted by PayPal; (iii) does not
violate or infringe the intellectual property, proprietary or other rights of any third party, (iv) you possess and control all rights necessary to submit the application irrevocably and without restriction to PayPal,
and (v) that publication of your pitch/startup via various media including web posting, will not infringe on
the rights any third party rights. If PayPal has reason to believe your pitch/startup is not your own work,
then PayPal may, in its sole discretion, invalidate your application in the Pitch Fest. You shall indemnify
and hold harmless PayPal from any claims in relation to your application.
Miscellaneous PayPal reserves the right, at any time to verify the validity of applications and participants
and to disqualify any participant in its sole discretion who submits an application that is not in accordance
with the terms and conditions or who tampers with the application process. Errors and omissions may be
accepted at PayPal’s discretion. Failure by PayPal to enforce any of its rights does not constitute a waiver
of those rights. If for any reason, the contest is not capable of running as planned, including, without
limitation, due to infection by computer virus, bugs, tampering, unauthorised intervention, fraud,
technical failures or any other causes beyond the control of PayPal, PayPal reserves the right in its sole
discretion to take any action that may be available, including to cancel, terminate, modify or suspend the
contest and/or disqualify any individual, at any time with or without notice to a participant and without
any liability to any participant. Participants may obtain updated versions of these terms and conditions, if
any, by logging on to the website.
participants in online entries ("Participant Data") shall be held by PayPal or its appointed agency in a
secure database. Participant Data shall be used by PayPal or its appointed agency solely for the purposes
of administering the Pitch Fest. Subject to the requirements of any applicable law, all Participant Data in
PayPal’s or its appointed agency’s system will be deleted within six (6) months after the end of the Pitch
Fest. By participating in this contest, Participants agree that: (i) the Participant Data will be used for the
purposes set out above and (ii) the Participant Data may be transferred out of Singapore.
Limitation of liability PayPal and its representatives shall not be responsible or liable to any participant
for any loss or damage whatsoever which may be suffered or incurred by a participant as a result of
his/her participation in the Pitch Fest including, without limitation, any loss or damage which may be
suffered or incurred by any participant as a result of: (a) any wrongful act or omission on the part of any
third party; (b) any failure to receive or process any application; (c) any computing, telecommunications
or equipment failure or malfunction; (d) any submission and/or notice which is misdirected or lost in the
postal system or email communication. In no event shall PayPal and its representatives be liable to any
participant for any indirect, special or consequential loss or damage (including, but not limited to, loss of
income, profits or goodwill), howsoever arising.
Governing law These terms and conditions shall be governed by the laws of Singapore and participants
agree to submit to the exclusive jurisdiction of the courts of Singapore.