Rules and Regulations of 100 Open Startups

1. ABOUT THE PROGRAM:
100 Open Startups is a network that connects communities and startups competitions withchallenges and open innovation programs offered by large companies and groups of investors
through the creation of a common context and prospecting processes, combination and network
co-creation.
100 Open Startups is a program based on three pillars: challenge-based innovation, network
innovation and a collaborative platform. The program has as backbone three types of initiatives:
Grand Challenges, Innovation Capitals and Interconnected programs
100 Open Startups is a process organized in four stages that explore competition andcollaboration after the definition of challenges: submission of proposals and network feedback,evaluation by executives and investors, meetings in the Innovation Capitals and a final event withthe 100 most attractive startups.
100 Open Startups is an event where the selected startups have the opportunity to interact withsenior executives of large companies to validate and improve their proposals and compete forprizes and attention from investors and the media.
The program is conducted by Wenovate - Open Innovation Center.

1.1. About what the program offers:
1.1.1. Online collaborative environment for entrepreneurs to collaborate among themselves andwith market experts, especially executives from large corporations, on the creation of ideas andproposals of new business within the proposed themes in each Grand Challenge;
1.1.2 Feedback, evaluation and mentoring of submitted proposals made by the network ofvolunteers from the Open Startups movement formed by experts from various fields, venture
capital investors and executives from the connected corporations;1.1.3. Face to face meetings for the enhancement of the startup’s business model, networking
and training of entrepreneurs;
1.1.4. Opportunity to present the business to a panel of evaluators composed of executives fromlarge corporations and investors (domestic and foreign);
1.1.5 Access to benefits and rewards offered by the partners and sponsors of the program;
1.1.6. Opportunity to access other entrepreneurship and innovation communities partners with theOpen Startups movement.
1.2. About the stages of the program:
1.2.1. The main program cycle is structured in a competition of four steps that support theparticipants from the construction of the entrepreneurial idea to the maturity, for presentation tolocal and national panels composed of executives of large corporations.

1.2.2. Stage 1 - Submission of Initial Proposal and Feedback. In this first stage theentrepreneur chooses one or more of the Grand Challenges to participate and submit the basic
information of the innovative idea for a first round of feedback and external evaluation. This step
has as goal that the entrepreneur receives at least two "recommendations" of its own network ofcontacts, and then be evaluated and receive feedback from the network of expert entrepreneurs,
finalists in the previous cycles of the program.
1.2.3 Stage 2 - Submission of Detailed Proposal and Expert Evaluation. In this second stage,
also online, entrepreneurs interact with a second group of evaluators, this time with a more
technical market profile. This second round of interactions aims to identify the most promising
proposals in terms of potential for innovation partnerships with large companies connected to theprogram. Only proposals with greater compliance with the Challenge goals will be invited toparticipate in the following atages.
1.2.4 Stage 3 - Meeting on Innovation Capitals. This third step is a face to face event. The best
evaluated proposals are invited for a meeting in one of Innovation Capitals of the Open Startups
movement and will have the opportunity to interact with executives of companies connected to
the Grand Challenge and other market experts and investors. The meeting includes evaluation
panels by investor, which will provide information for the selection of the proposals nominated to
the final stage.
Important Note: the coordination of the program is committed to conduct the face to facemeetings in the Innovation Capitals that qualify at least 10 proposals according to thestandardized criteria for the challenges and connected programs. If this number is not reached,
startups qualified in a capital that does not reach the minimum number might be invited to join via
other capitals.
1.2.5 Stage 4 – Final Event and Awards. The final stage of the program is also a face to face
event. The most attractive proposals are invited to participate in the dynamics of the encounter
during the Open Innovation Week. To participate in this stage it is required to submit the detailed
proposal, presentation material (poster and investor's pitch deck).
2. PARTICIPATION
2.1. Prerequisites
2.1.1. All those who have new business ideas are invited to participate in the first stage of theprogram. However, will only be invited for the following stages the proposals for new innovative,scalable and high-impact businesses seeking qualification to cooperate with large corporations.
100 Open Startups understands the concept of startup as a temporary organization designed tosearch for a repeatable and scalable business model capable of delivering new products andservices under conditions of uncertainty.
2.1.2 Ideas not yet formally constituted or companies already established can participate in theprogram, if they meet the definition of startups above.
2.1.3 Teams must be formed by at least two people.
2.1.5 Teams must accept all terms and conditions of this document.
2.2. About the Applications
2.2.1. To apply, participants must sign up on the online platform of each of the Grand Challenges(www.openstartups.org.br) and create a profile to join the network. Enrollment in each challenge
is independent and the date of opening and closing of applications is reported in the main page.

2.3. Cost
2.3.1. The program is free of any charges relating to the participation or permanence of the teamin the program. However, each startup or team member is responsible for their own costs related
to travels or other expenses required to participate in the stages of the program.
2.4. About the collaboration with the Media and image rights
2.4.1. Participants in the program agree to be available for the relationship with the media andcommunication channels. Participants agree to give interviews and be part of media articles that
may be requested, and it is not allowed to abstain from these forms of relationships with thecommunication channels involved with the program.
2.4.2 No participant will be required to give any information it deems classified, confidential or not
relevant to your proposal.
2.4.3. The Program has the image rights of all participants. Images licensed in this agreement
may be published and disclosed in the following types of media: printed, televised, video, virtualand telephone, especially being able to use in their materials images of: company name, logo,
name of entrepreneurs, company description, videos and photos as well as videos containing
team photos, company presentation, website address, social media (facebook and twitter),
testimonials and any media material produced during the event, or provided by the participants.
2.5. Counterpart of the Program participants
2.5.1. Entrepreneurs who participate in the face to face events planned in Stages 3 and 4 of 100
Open Startups agree to cooperate voluntarily with the next two (2) annual cycles of the Program
by interacting and providing feedback to participants during Stage 1.
2.5.2. Entrepreneurs must inform Wenovate about the signing of any legal contract between theirstartups and connected companies or investment by investors contacted by the program or its
events. They should also inform Wenovate when they are no longer eligible for the Ranking,according to clause 3.4.5

3. THE PROGRAM
3.1. About the Documents
3.1.1. General guidelines
3.1.1.1. The documents submitted to the program should be of original character, innovative andenterprising, and proposing a market innovation, being expressly prohibited plagiarism.
Plagiarism is illegal and will lead to elimination from the program. By entering the program,participants attest that their material is original and does not infringe third party intellectual
property.
3.1.1.2. Failure to comply with the deadlines set by the program organization to the delivery of the
documents required in each stage of the program is amenable to immediate elimination from thecompetition. Furthermore, the unsuitability to the proposed restrictions and formats for each typeof document requested during the competition might also lead to the removal from the program.
3.1.2. Intellectual Property and Confidentiality

3.1.2.1. The materials sent by participants will be stored in the 100 Open Startups online platform
but will remain the property of their authors. Contents registered as "ideas" in the collaboration
platform will be public for the entire community. Contents registered as "Startups" will be released
only to evaluators, partners, mentors, investors, organizers, sponsors and connected companies.
However, as is usual in this type of competition, although those involved are experienced
professionals (lawyers, entrepreneurs, executives, investors, and others) who understand thesensitive nature of this material, they are not required to sign any confidentiality terms. Thus, theparticipant must assume that any information submitted is not protected and plan accordingly.
The enrollee must adapt their material to present the required information without revealing whatcompromises their intellectual property protection strategy.
3.1.3. Instructions for Submission of materials by the Participants
3.1.3.1 Each stage of the program requires the submission of data, information and specificdocuments. The instructions on format, language, deadlines and other requirements arepresented on the online platform.
3.2. The Program Stages and Evaluation Criteria
3.2.1. All decisions made by the team of organizers and panels of the program cannot beappealed.
3.2.2. The organization of the program is committed to ensuring equality of participants andfeedback as they go along in the process.
3.2.3. All official communications with the participants will be made exclusively via the official
online platform or by the e-mail registered in it.
3.2.4. The failure to attend in any of the face to face events will imply the elimination of the startup
from the selection process. Participants will be informed of the dates, venue and participation
requirements through the online platform or by the e-mail registered in it.
3.3. About the Awards
3.3.1 Each partner (connected companies) is free to reward or not the finalists. Might be awarded
the winners of the national stage and the winners of the challenges presented by sponsoring
companies. The existing awards will be announced via direct communication with the registeredparticipants through the online platform or by the e-mail registered in it.
3.3.2. The costs of transportation and accommodation for the startup team memberd selected forStages 3 and 4 may be subsidized by the local partners. If this happens, participants will beinformed through the online platform or by the e-mail registered in it.
3.3.3. If any partner or investor has interest in the proposed business, any negotiation will bemade directly by the project team and the partner or investor. The program and the promoters do
not participate in such negotiations and are not responsible for any of the results.
3.4. Ranking
3.4.1 Startups participating in the face to face events stages might be included in the Ranking of
the 100 Open Startups published by the program.
3.4.2 The Ranking will be continuous and published periodically by Wenovate as data is updated
throughout the program.

3.4.3 There is no time limit for startups to stay in the Ranking.
3.4.4 The startups might be removed from the ranking if they do not attend a face to face event of
the planned program stages according to the Regulations
3.4.5 The startup will be removed from the Ranking and published in a list of "GraduatedStartups" when they receive the second round of institutional investment (series B) or is acquiredby another company.
3.4.6 The startup can be removed from the next edition of the Ranking by their own request.
3.4.7 The Ranking is based the level of interest of large companies in startups,considering:
i.
ii.
iii.
iv.

4.

interest in the proposal at the online platform
interest in pre-schedule meetings at the Open Innovation Weekinterest after meetings in Open Innovation Week
formalized relationships with connected corporations

INFORMATIONS SUBMITTED AND CONFIDENTIALITY

4.1 The materials sent by participants will be stored in the 100 Open Startups online platform but
will remain the property of their authors. Contents registered as "ideas" in the collaboration
platform will be public for the entire community. Contents registered as "Startups" will be released
only to evaluators, partners, mentors, investors, organizers, sponsors and connected companies.
However, as is usual in this type of competition, although those involved are experienced
professionals (lawyers, entrepreneurs, executives, investors, and others) who understand thesensitive nature of this material, they are not required to sign any confidentiality terms. Thus, theparticipant must assume that any information submitted is not protected and plan accordingly.
The enrollee must adapt their material to present the required information without revealing whatcompromises their intellectual property protection strategy.
4.2 Participants will answer for the originality, authorship and ownership of any information
submitted by them in the program. The infringement of copyright or third party intellectualproperty will result in the immediate elimination of the program participant.
4.3 Participants are responsible for the accuracy of the information submitted in the program. The
submission of false information will result in the immediate elimination of the program participant.