Funding Opportunity - Terms and Conditions

General Overview
  • ThinkUp Ltd. (“ThinkUp”) offers startups the chance to secure funding through the ThinkUp Funding Opportunity (the “Opportunity”). This Opportunity is designed to help entrepreneurs thrive by providing strategic capital investment and resources that empower companies to accelerate their growth and achieve their full potential.
  • By submitting an application through the ThinkUp platform, the applicant agrees to comply with these Terms and Conditions (the “Terms”).
Eligibility
  • This Opportunity is available for ThinkUp users who meet the following conditions:
  1. Users of the ThinkUp Platform that have completed their Deck using the ThinkUp Platform
  2. Applicants must either be established as a legal entity incorporated in the United States or commit to establishing such an entity prior to receiving any investment
  3. Applicants may be in all stages of development, from pre-seed to growth stage, including established companies with existing operations and revenue
  4. Applicants must operate in a lawful line of business
  • Applicants that have been selected by ThinkUp following the submission process shall be required to enter into financing transaction agreements with ThinkUp or its affiliate, in a form satisfactory to ThinkUp.
Submission Process

To participate in the Opportunity, interested companies must complete and submit the official application form available on the ThinkUp website. Each application must include the following required information and supporting documentation:

  • Full name of the startup
  • Full names and LinkedIn profiles of all founders
  • Any other information that is required on the application form
Review Process

Submissions will be evaluated by ThinkUp’s expert investment committee. The committee will review the materials provided as part of the application, including all information and data submitted through the ThinkUp platform, and can ask for additional information. The committee may also seek feedback from external consultants and domain experts, conduct interviews with some or all of the applicants, and conduct its own due diligence, including in connection with the entrepreneurs. All information accessed and reviewed through the ThinkUp platform is subject to the Intellectual Property and Confidentiality provisions set forth below.

Selection of an eligible applicant shall be made at ThinkUp’s sole and absolute discretion. Applicants must meet all investment criteria and eligibility requirements as specified on the ThinkUp platform, which may include completing designated platform modules, conducting and analyzing customer interviews, and other requirements that may be updated from time to time. Applicants must cooperate fully with ThinkUp’s due diligence process. This includes but is not limited to:

  1. Providing all requested documentation within specified timeframes
  2. Making key personnel available for interviews
  3. Granting access to technical documentation and intellectual property information
  4. Facilitating discussions with customers, partners, and other stakeholders as requested
  5. Submitting background checks and reference verification

ThinkUp reserves the right to reject any application or terminate the process at any stage in its sole discretion, without the need to provide any reasoning for its determination or information about the evaluation process.

Timeline

Application deadlines, submission periods, and notification timelines will be published and maintained on the ThinkUp website. ThinkUp reserves the right to modify any dates or deadlines in its sole discretion.

Funding Details
  • Investment Amount: up to $100,000, subject to due diligence.
  • Investment Structure: Simple Agreement for Future Equity (SAFE), reflecting a 20% discount rate and a valuation cap of US$ 1,000,000
  • Transaction documents: ThinkUp’s standard documents.
  • Other provisions:
    • The investment will be made by ThinkUp or its affiliates.
    • Basic information rights to ThinkUp, including quarterly financials, cap table updates, and material business changes.

ThinkUp reserves the right to modify these funding terms, including investment amounts, structure, and other provisions, at any time in its sole discretion.

Intellectual Property and Confidentiality; Competitive Applicants
  1. All intellectual property rights, including but not limited to patents, copyrights, trademarks, trade secrets, and other proprietary rights, in the projects and materials submitted through the Opportunity shall remain the sole and exclusive property of the submitting applicant.
  2. Materials provided by the applicant to ThinkUp in connection with the submission are provided to ThinkUp solely for the purpose of evaluating the submission and conducting due diligence.
  3. ThinkUp agrees to maintain the confidentiality of all confidential information provided by the applicant as part of the submissions, that had been marked as confidential, except for information that is: (i) publicly available; (ii) previously known to ThinkUp; (iii) independently developed; (iv) required to be disclosed by law; or (v) shared with ThinkUp’s representatives who need to know and are bound by confidentiality.
  4. ThinkUp regularly reviews business plans and may invest in or conduct business with companies that compete with applicants, including in the same domain. Nothing in these Terms restricts such activities, and there will not be any restriction or liability, provided ThinkUp does not use the applicant’s confidential information.
Privacy and Data Protection
  1. By participating in the Opportunity, the applicant consents to the collection and use of his personal data by ThinkUp and its authorized service providers for managing and administering the Opportunity, evaluating applications and conducting due diligence, communicating with the applicant regarding its submission, and other legitimate business purposes related to the Opportunity.
  2. Applicants’ data may be transferred to and processed by ThinkUp’s affiliates, service providers, and professional advisors who assist in administering the Opportunity subject to appropriate data protection agreements.
  3. Applicant has the right to access, correct, or delete its personal data, and to object to or restrict its processing. To exercise these rights or to ask any questions about the handling of personal data, please contact us at [email protected].
  4. ThinkUp will process personal data in accordance with industry-standard security practices and applicable laws. ThinkUp implements reasonable technical and organizational measures designed to protect personal data from unauthorized access, use, or disclosure.
  5. By submitting an application, the applicant acknowledges he has read and agreed to the use of its personal data as described in these Terms. If the applicant does not consent to the data usage practices outlined, he should not participate in the Opportunity. ThinkUp reserves the right to reject or terminate participation if consent is withdrawn.
Limitation of Liability

To the fullest extent permitted by law, ThinkUp will not be liable for any loss or damage of any kind, including but not limited to, direct, indirect, incidental, special, consequential, or punitive damages arising out of or related to participation in the Opportunity (including loss of profits, data, or business opportunities).

Changes to the Terms and Conditions

ThinkUp reserves the right to modify these Terms at any time by publishing the amended Terms on the ThinkUp website (www.thinkup.global).

Questions and Support

For questions or additional information regarding the Opportunity, please contact us at [email protected].