NORS DIGITAL DISRUPTORS TERMS AND CONDITIONS

THE APPLICATION PROCESS

1.1 To enter NORS Digital Disruptors, you need to fill the first application form on the website where we ask you to give us your company details.

1.2 Once we get your application, we will reach out to you via email to get to know more about your company and product. We will ask you to fill out a second online application form where you’ll give us more details about your business solution and why you are applying to the NORS Digital Disruptors. This must be received by midnight on October 3rd, 2018 (“Closing Date”).

1.3 All applications will be reviewed by a group of NORS representatives and 10 finalists will be selected. We will communicate the finalists within 48 hours of the Closing Date. We will also contact all the other entrants to let them know that they won’t be part of the finalists group.


DECISION PROCESS

2.1 NORS Digital Disruptors aims to identify and promote innovative business solutions within four categories: mobility services disruption, value-added vehicles products & services, credit and customer finance and client experience & logistics.

2.2 The judges will consider:

· Strategy: How well does this business solution fit with NORS business strategy?

·Product or service: Does the business solve a problem our consumers care about?

· Market: How big is the addressable market, how will you beat the competition and what is the scope for growth?


START AND CLOSING DATES

3.1 Applications must be submitted via the NORS Digital Disruptors website only and received by midnight on October 3rd, 2018 (“Closing Date”).

3.2 NORS cannot be held responsible for applications that are lost and/or not received by the Closing Date.

3.3 NORS reserves the right to alter, amend or foreclose the NORS Digital Disruptors without prior notice.


OTHER IMPORTANT DATES

4.1 NORS will review all applications and select the 10 finalists on or by October 5th, 2018.

4.2 All Finalists must be available on October 19th, 2018 to present their business solution at the NORS Digital Disruptors. Presentations will start at 2pm, but all finalists will be required to arrive at 9am.


PRIZES

5.1 At the NORS Digital Disruptors, the judges will select 3 winners, who will receive the following prices:

· First Prize = 10.000 euros + 1-year incubation program at Nors Group.

· Second Prize = 1.500 euros

· Third Prize = 500 euros

5.2 The prizes do not include: transportation, travel costs, meals, drinks, entertainment, spending money, personal insurances or any other costs not specifically mentioned at 5.1 above.

5.3 NORS reserves the right to substitute any prize with a prize of equivalent value.

5.4 All prizes are non-transferable.

5.5 NORS reserves the right to feature the name and photograph of the finalists and prize winners and their guests in any future marketing materials including website publications.


WHO CAN APPLY

6.1 NORS is looking for small businesses and startups that have a working prototype. Businesses from all around the world are welcome to apply. Businesses that have received an investment from a competitor OEM won’t be considered.

6.2 NORS decision is final.


PROMOTER AND COMPANY DETAILS

7.1 Auto-Sueco, Lda., , NORS Group parent company, registration number 500 038 015, whose registered office is at Via Marechal Carmona. 1637, 4100 – 189 Porto.