TERMS & CONDITIONS – CIRCULAR INNOVATION PLATFORM

1. 

The Israel-America Chamber of Commerce (AMCHAM) Circular Economy Forum ("The Forum") has been formulated to catalyze the transition to a circular economy. The innovation platform of the Forum (the "Platform") published on www.circularsolutions.co.il presents circular challenges (the "Challenges") of leading companies operating in Israel ("Challenge Owners") to a community of innovators.

2.

By submitting a solution to one of the challenges, each Participant agrees to the Terms and Conditions detailed below.

3.

Participants in the Challenges (“Participants”) may submit "Entries" between June 15, 2021, 18:00 Israel Standard Time (GMT +3) and October 31st, 2021, 23:59 Israel Standard Time (GMT+3)

4. 

From the eligible Entries, ten (10) finalists (“Finalists”) will be selected after the Entries shall be assessed by the jury (“Jury”) and the challenge owners. Details on Jury members are available on the platform. Each jury will rank each of the 10 finalists, and they will be ranked based on descending total number of points. The top 3 will be declared Winners (1st place, 2nd place, 3rd place) by September 30th.  In addition, a winner will be declared for each challenge by the challenge owner.

5.

The Challenges are open to Individuals, groups and organizations from any country, eighteen years of age or older on the day of submission of the Entry. Entries by jury members and AMCHAM board members are not eligible.

6.

Participants’ submissions should describe an idea for a solution to a challenge, how it should be applied to the challenge, describe its economic feasibility, and its potential environmental and social impact, all according to the instructions in the platform, to be found under www.circularsolutions.co.il/sumbit. There is no submission fee. Entries must be entirely in English.

7. 

The winners will be notified by telephone or email of the jury and Challenge Owners decisions. The results shall be announced publicly on the platform website after the winners have been notified.

8.

Three (3) winners will be selected and will receive the following awards:

- First place winner: 10.000 NIS

- Second place winner: 5.000 NIS

- Third place winner: 1.000 NIS

In addition 1st and 2nd place will receive free participation for up to 2 team members in AFEX - Afeka accelerator program

9.

The Grant awarded to a Winner will be transferred by Afeka Tel Aviv Academic College of Engineering ["Afeka College"] to a bank account specified by the Winners in December 2021.

10.

The forum may cancel, withhold, change and/or postpone awarding Grants at its sole discretion    

11.

Participant shall only submit their own original creation and shall not violate any contractual obligation or any third-party rights.

12.

Participant shall not use the name of the AMCHAM Circular Economy Forum, its members or affiliated companies, Challenge Owners, Afeka College, or jury, in advertising or publicity without the written permission of the forum.

13.

The Participant is aware that by submitting their entry any information expressed or included in the submission may be viewed by the public and risks being copied by third parties.

14.

The Participants in the competition shall maintain all intellectual rights to their entries. Participants themselves shall be responsible to apply for any patents, trademark protection or other intellectual property rights, and maintain and defend them. The Forum shall not be liable for any costs incurred or damage suffered by Participants in relation to any failure to successfully secure any intellectual property rights related to the submission or to enforce any potential infringements of intellectual property rights related to the submission.

15.

The Forum and Challenge Owners may use the submission, and personal data such as Participant’s name, country of origin, and title of idea, in all publicity materials and in every media whatsoever, without any compensation to the Participants. 

16.

The Forum shall be entitled to modify each of these Terms & Conditions and/or to impose new rules and regulations in respect of the Challenges at any time for any reason, without prior notice and without any liability whatsoever. The modified and/or newly imposed Terms & Conditions will be effective immediately upon being posted on the Website. The forum shall additionally be entitled to cancel the Challenge at any time, for any reason, without prior notice and without any liability whatsoever.

17.

These Terms & Conditions shall be governed by the laws of Israel.