www.contest.net.in

Organisation: Viacom 18 Media Private Limited
Contest Name : MTV Dropout Audition 2017
Applicable For : Residents and citizen of the India

Website : https://www.mtvindia.com/
Contest T&C : https://www.contest.net.in/uploads/21901-Drop.docx

MTV Dropout Pvt. Ltd. Reality Show :

‘Dropout Pvt Ltd.’ is a reality show to provide a platform for young entrepreneurs to showcase their ideas for starting new businesses or enable young entrepreneurs with the right attitude develop new ideas where a select panel of visionary entrepreneurs, investors and other panel members will select the participants for the Program from the audition rounds and help them fine tune the Startup Ideas and guide them on how to develop such ideas into a possible workable business.

Related : MTV Gone Case Contest 2017 : www.contest.net.in/21573.html

Viacom 18 Media Private Limited (hereinafter referred to as “Organizer”) is organizing this auditions for selection of participants for the first season of the Program which is proposed to be produced by the Organizer and is open for all Indian nationals who meet the below mentioned Eligibility Criteria.

Terms & Conditions :
1. Each applicant who meet the below mentioned eligibility criteria would have to undergo various stages of applications, auditions and further screening for the Program and only those applicants who get selected as per the format of the Program and at the sole discretion of the Organizer, whose decision will be final, shall stand chance to participate in the Program along with other casted participants, if any (“Applicant”).

2. Eligibility Criteria:
Please be advised that in order to participate in the Program following basic eligibility requirements are required to be fulfilled (which may be changed at any time by Organizer in its sole discretion):

i) Above 18 years of age;
ii) Residents and citizen of the India;
iii) Only individuals/ persons in their individual capacity are eligible to apply and a company incorporated under the Companies Act 2013 (i.e. a one-person company/ private limited company and/ or public limited company) are not eligible to apply for this Program.
iv) Individuals with new original Startup Ideas absolutely owned and controlled by such individuals should apply and existing start-ups are not eligible to apply.
v) Individuals with fresh/ new and original Startup Ideas are eligible to apply and such Startup Ideas should be original and absolutely owned by such Applicant.
vi) Team of collaborators/ Startup Idea are not eligible for participation and only independent individuals are eligible.

3. How to apply for audition for the Program:
For the chance to participate in the auditions for the Program, the Applicant should follow below directions:

i) Log on to the Program website at www.mtvindia.com/dropout (“Website”) for complete information and further instructions;
ii) Complete the online application form available on the Website;

iii) The Applicant might be required to fill in questionnaires forms, submit personal details, submit photographs and a short video of themselves providing background, gist of their Startup Idea and why they would like to be on the Program, and such other information as may be mentioned on the Website and informed by Organizer from time to time.

iv) A copy of the application form may be made available through various other modes such as newspapers, magazines or a walk-in application forms decided at sole discretion of the Organizer and each Applicant applying from any mode of participation would be required to adhere to these terms and conditions or such other terms and conditions, rules, instructions as may be informed by the Organizer from time to time.

4. Only those applications shall be considered for selection of participants for the audition that are complete and submitted with all necessary requirements as specified therein by the Last Date/cutoff date as may be informed/advertised by the Organizer through public media or its Website.

5. The Organizer’s decision regarding the selection of the Applicant for the auditions shall be based on their application and shall be as per the discretion of the Organizer which shall be absolute and final.

The selection process may vary as per the Organizer’s sole discretion. The Applicant and/or any third party shall have no right to question any stage of the process of selection or non-selection of any Applicant for the audition or the Program.

6. Specific Rules of Participation:
Each Applicant agrees to below terms of participation in the Program:
i) Applicant understands and acknowledges that Organizer is merely providing a platform to the Applicant to showcase their Startup Ideas to a select panel of visionary entrepreneurs, investors and other panel members (“Panel”) who will select the final participants for the Program from the audition rounds and various other screening rounds and help such selected participants in the Program to fine tune their Startup Ideas and guide them on how to develop such ideas into a possible workable business as per the format of the Program.

ii) This Program being a platform been made available to the Applicant who, if selected as participants in the Program get one time opportunity to get featured in the Program and during the Program meet, interact, learn, groom and eventually develop their Startup Ideas into possible workable business and present a final pitch to the Panel of investors for possible funding in starting the completed developed startup idea, if so determined by the Panel, Organizer and such related stakeholders at that stage.

iii) In lieu of providing such platform to the Applicant, the Organizer reserve their right to charge an aggregator fees from such Applicant who may get funded at any stage of the Program including but not limited to either at the audition stage of the Program, during the Program or after the finale of the Program up to a period of 1 (one) year and such aggregator fees shall be [minimum 3 (three)] percentage of the pre-money valuation of participant start-up potential organization at which the funding/ investment is accepted and received by such Applicant.

iv) The Applicant understands that the Organizer do not, at any stage of the Program, guarantee that any Panel which may be associated with the Program from time to time, would necessarily fund the Applicant. Similarly, the Organizer do not, at any stage of the Program, guarantee that the final participants who become part of the Program would necessarily be funded.