Terms & Conditions

Effective Date: June 2025

Please read these Terms and Conditions ("Terms") carefully before submitting an application to the BetOnBlack Fund and Accelerator program ("the Program"). By submitting an application, you ("Applicant," "you," or "your") agree to be bound by these Terms on behalf of yourself and the startup entity you represent.

1. Eligibility Criteria

To be eligible to apply for and participate in the Program, Applicants must meet the following criteria at the time of submission:

The applicant must be a legally registered business entity or in the process of legal incorporation in their country of primary operation.
The business must have at least one co-founder who is of legal age of majority in their jurisdiction.
The startup must align with the core focus sectors listed on this form or designated for the running cohort cycle.

2. Submission of Information & Intellectual Property

No Confidential Relationship: You acknowledge that no confidential, fiduciary, or contractual relationship is created between you and the Program by virtue of submitting your application.
Intellectual Property Retention: The Program does not claim ownership over the intellectual property, trade secrets, or business concepts contained within your application. All proprietary rights remain solely with the Applicant.
Independent Development: You acknowledge that the Program receives numerous applications containing similar ideas, technologies, or business models. You agree that nothing in these Terms or the application process restricts the Program, its affiliates, or its mentors from independently developing, investing in, or partnering with companies that may compete with or feature concepts similar to your startup.

3. Data Privacy and Use of Information

Evaluation Purpose: By submitting your application, you grant the Program the right to review, share, and discuss your application data internally and with our network of investment committee members, mentors, judges, and corporate partners solely for the purpose of evaluation and selection.
Media and Marketing: If selected as a finalist or participant in the cohort, you agree that the Program may use your startup’s name, logo, non-confidential elevator pitch, and founder imagery in promotional materials, press releases, and social media coverage.

4. Selection Process and Non-Binding Nature

Discretionary Selection: The review, grading, and final selection of applicants are at the sole and absolute discretion of the Program selection committee. The Program is under no obligation to provide feedback, scores, or reasons for non-selection to any applicant.
No Guarantee of Investment or Equity: Submission of an application does not guarantee acceptance into the accelerator, nor does it constitute an offer, commitment, or contract for equity investment or funding. Any final investment from the fund is strictly conditional upon successful selection, rigorous due diligence, and the mutual execution of separate, definitive legal agreements (such as a Term Sheet or SAFE).

5. Accuracy of Information and Compliance

Truthful Representation: You warrant that all information provided in the application is accurate, truthful, and complete. Any misrepresentation, plagiarism, or omission of material facts discovered at any stage of the application or cohort lifecycle will result in immediate disqualification.
Compliance with Laws: The Applicant warrants that its business model and operations comply with all local laws and regulatory frameworks in its operational jurisdictions.

6. Limitation of Liability

To the maximum extent permitted by applicable law, the Program, its directors, employees, and partners shall not be liable for any direct, indirect, incidental, special, or consequential damages resulting from your application, participation in the selection process, or any technical failures during the submission process.

7. Governing Law

These Terms shall be governed by and construed in accordance with the laws of Ghana, without regard to its conflict of law provisions.