The DMACC Foundation Entrepreneurship Competition contest (the “Competition”) is sponsored by the
DMACC Foundation (the “Foundation”) and is open only to a current DMACC student or DMACC Alumnus legally residing in the State of Iowa. To qualify as a current Des Moines Area Community College student you must be registered and taking classes at the time of submitting your application (Spring 2018). An “alumnus” of Des Moines Area Community College is defined as a person who graduated with a degree/diploma/certificate from Des Moines Area Community College or former students with at least 12 credit hours.
In order to enter the Competition, a person must submit an application (the “Application”) on the form provided by the Foundation, including information on the applicant (the “Participant”) and their business (the “Business”).
Employees (other than work/study employees) of Des Moines Area Community College
during the calendar year 2018 are not eligible. Participants must be at least 18 years of age. The Business must benefit the State of Iowa. The Business must be registered with the Iowa Secretary of State. The Business must have a minimum of one employee (including the Participant).
Participants may only submit one application. Questions regarding the contest can be directed to Tara Connolly;
firstname.lastname@example.org or by telephone at 515-964-6229.
The selected Participant (the “Winner”) will receive a check in the amount of $10,000 (the “Prize”) from the Foundation. The Prize will be awarded at a time and location determined by the Foundation.
The opportunity to submit an entry in the contest begins at 8:00:00 AM on March 19, 2018 (the first date/time you can submit an Application) and ends at 4:00 PM CDT on May 21, 2018. All other deadlines and other scheduled events will be determined by the Foundation. Submitted Applications are reviewed by the DMACC Foundation Entrepreneurship Competition Committee. The DMACC Foundation Entrepreneurship Competition Committee will select up to ten Businesses to submit a complete business plan. Businesses not selected to continue in the DMACC Foundation Entrepreneurship Competition will be notified via email on or before June 1, 2018. The Businesses selected to proceed to the next round will be required to provide a complete business plan by July 9, 2018. The DMACC Foundation Entrepreneurship Competition Committee will review the business plans and select the final three finalists. The finalists will be contacted to schedule an interview with the DMACC Foundation Entrepreneurship Competition Committee. The Winner will be announced by the Foundation at DMACC's Small Business Awards Dinner, September 13, 2018.
The DMACC Foundation Entrepreneurship Competition Committee will evaluate the submitted business plans and select three finalists for the Prize. The committee will select the three finalists based on the following:
- Identified market;
- Plan for success;
- What is unique about the Business?
- Business model;
- Proposed use of the Prize;
- Potential growth;
- Product or service that will be offered;
- Potential economic impact (job creation, etc.); and
- Benefit to Iowa.
How to Apply.
To apply visit https://www.dmacc.edu/foundation/ec and follow the links and instructions to complete your Application. Submit the completed Application and it will be reviewed by the DMACC Foundation Entrepreneurship Competition Committee. You will receive an email from the Foundation letting you know your Application was received.
By participating in and/or accepting the DMACC Foundation Entrepreneurship Competition prize, Participants release Des Moines Area Community College, the Foundation and their respective affiliates, and each such entity's/organization's employees, directors, officers and agents from and against any claim or cause of action, including but not limited to damage to or loss of property, personal injury or death, through participation in the promotion or receipt or use or misuse of any DMACC Foundation Entrepreneurship Competition award.
The Foundation reserves the right to terminate, suspend and/or adjust the promotion or any part of it, if any fraud, technical failures or any other factor impairs the integrity or proper functioning of the promotion, as determined by the Foundation in its sole discretion. The Foundation may take all necessary steps to verify information related to claims made by entrants. If terminated, the Foundation, in its sole discretion may determine the Winner from among all non-suspect, eligible Applications received up to time of such action using the judging procedure as outlined above. The Foundation reserves the right, at its sole and absolute discretion, to disqualify any individual and his/her Application if the individual is deemed in the Foundation's sole and absolute discretion to be (a) tampering or attempting to tamper with the entry or process or the operation of the Competition or any Foundation website; (b) violating the Official Application Guidelines or these rules; (c) violating the terms of service, conditions of use and/or general rules; or (d) acting in an unfair or disruptive manner, or with intent to annoy, abuse, threaten, harass any other person or act fraudulently in any manner.
Any attempt by any person to intentionally undermine the legitimate operation of the Competition may be a violation of criminal and/or civil laws, and if such attempt be made, the Foundation reserves the right to seek damages and other remedies (including attorney fees) from any such person to the fullest extent permitted by law. The Foundation's failure to enforce any term of these official rules shall not constitute a waiver of that rule or condition.
8. Limitations of Liability.
Through submitting an application for the DMACC Foundation Entrepreneurship Competition, Participants agree that:
- Any and all claims, disputes and causes of action because of or connected with their Application, the Competition and/or any Prize will be resolved individually without remedy to any form of class action;
- Any and all claims, judgments and awards will be limited to actual third-party, out-of-pocket costs sustained but in no event will attorney's fees be awarded or recoverable;
- Under no circumstances will Participants be allowed to obtain any award for, and Participants knowingly and expressly waive all rights to seek, punitive, incidental, consequential, or special damages, lost profits and/or any other damages;
- Participants permanently waive any right to seek injunctive or equitable reprieve; and
- Participants release and hold harmless Des Moines Area Community College, the Foundation and all affiliated parties, and all of their employees and agents from any and all claims that any commercial, advertising, presentation, web content or any other material produced, presented, and/or prepared by or on behalf of the Foundation infringes the rights of participant as contained in any application or otherwise.
Miscellaneous and Conditions of Participation.
The Competition is void where prohibited or restricted by law, and is subject to all applicable federal, state, and local laws and regulations. Taxes and fees, if any, are the sole responsibility of the Winner. By entering the Competition, Participants fully and unconditionally agree to be bound by these rules and the decisions of the Foundation, which will be final and binding on all matters relating to the Competition, and each Participant warrants that (s)he is eligible to participant in this Competition. The Foundation reserves the right to disqualify any Participant if these Competition rules are not followed, and to change, alter, or amend these Competition rules or to alter, modify, suspend, or terminate the Competition, as necessary, in its sole discretion, to ensure the fair administration of the Competition or to comply with applicable law.
By accepting the Prize, the Winner agrees to provide the Foundation with a report within six months of the presentation of the Prize, detailing the use of the funds.
Each Participant agrees, except where prohibited by law, to release and discharge, hold harmless and indemnify the Foundation, its trustee, employees, agents and representatives, officers and directors and their immediate families, successors and assigns, and all others associated with the development and execution of this Competition, from any and all tax liability that may be imposed on or associated with receipt or use of the Prize, and from and against any and all claims, actions, proceedings, and liability for any damages, expenses, fees, injury or losses sustained in connection with the receipt, ownership, use or misuse of the Prize or while traveling to, preparing for, or participating in any Competition-related activity.
Except where prohibited by law, by entering the Competition and by winning, the Winner grants to the Foundation the right to publicize the Winner's name, photograph, image, likeness, voice, statements, and biographical information in all manner and media, worldwide, in perpetuity, for advertising, trade, and promotion purposes without compensation and without opportunity for review.
Participant's and Winner's Personal Information.
Information collected from Participants will be maintained by the Foundation and its representatives in accordance with applicable federal and state consumer privacy laws, rules and regulations.
The Winner will indemnify, defend and hold harmless any action brought against the Foundation, its directors, officers, members or employees to the extent that the action is based on a claim, suit, or proceeding that the Business, including any documentation or other materials supplied by the Winner, infringes such party's intellectual property rights (“Infringement Claim”). Upon receiving notice of any claim covered by the indemnify obligations set forth hereunder, the Foundation shall promptly notify Winner in writing of the claim. The Winner may assume sole control of the defense of any such claim. The Foundation may, at its own cost and expense, participate through its attorneys or otherwise, in such investigation and defense. If the Foundation does not participate in the investigation and defense of the claim, Foundation shall provide the Winner reasonable assistance regarding such claim at the Winner's expense. The Winner will pay those costs and damages, including reasonable attorneys' fees, awarded against the Foundation by a court of competent jurisdiction in any such action that is specifically attributable to such claim or those costs and damages agreed to in a monetary settlement of such action. Unless such settlement is solely for monetary damages for which the Foundation is fully indemnified hereunder, the Winner shall not settle any such claim without the Foundation's prior, written consent, which shall not be unreasonably withheld or delayed.