Please read these Terms carefully before submitting an application or any materials to Klizos Ventures. By clicking "Submit" or otherwise providing an application, you acknowledge that you have read, understood, and agree to be bound by these Terms.
You must be at least 18 years old (or the age of majority in your jurisdiction) and legally able to enter contracts. By applying on behalf of a company, you represent that you have authority to bind that entity.
You grant KV a worldwide, royalty‑free, sublicensable, perpetual license to use, reproduce, edit, adapt, distribute, publicly display, and publicly perform your name, likeness, voice, and Materials in any media for:
KV may create derivative works, compilations, highlight reels, memes, or other edited content from your Materials and any footage captured during the Program. KV has sole editorial control and no obligation to provide you prior review or approval. You waive any claim relating to distortion, blurring, humorous or critical portrayal, provided KV does not act knowingly defamatory or blatantly misleading.
Applications are not confidential. Do not submit trade secrets or proprietary information you would not want made public.
Submission does not guarantee selection, mentorship, funding, or any other benefit.
If selected for incubation funding, you agree in principle that KV will receive up to twenty percent ownership (via SAFE, convertible note, or equity purchase) in the resulting entity. Final terms, valuation, and any additional funding tranches will be set forth in definitive agreements. Failure to reach agreement may result in forfeiture of your spot in the Program. Team‑mates drafted after elimination will receive reduced equity percentages as outlined in the Program handbook.
If you are selected as a winner receiving incubation funding, you agree that a new Delaware corporation will be formed for the venture. KV will coordinate formation, registered agent, EIN, and a US business bank account. All pre‑existing and future intellectual property created for the venture will be assigned to the Delaware corporation. You represent that no third‑party rights conflict with this assignment.
If you are among the top twenty participants and travel to Vietnam, but are not selected as a final winner, you acknowledge that any branding concepts, provisional logos, working domains, or demo‑stage intellectual property created during filming remain the property of KV unless and until separate transfer terms are agreed. KV may redirect or forward such domains and social profiles to FinalFounder.com or other Program channels for promotional or archival purposes. KV is committed to supporting all top‑twenty founders and will, upon written request within ninety days after the Program concludes, negotiate in good faith a royalty‑free license or a fair‑market‑value transfer of such assets so you may continue building your venture independently.
Regardless of final placement, KV will use commercially reasonable efforts to highlight non‑winning teams on social media, newsletters, or demo‑day reels and may facilitate warm introductions to interested investors. Such introductions are not a guarantee of funding, but KV's intention is to help every participant maximize visibility and success.
The definitive funding documents will include a capital call provision. If additional capital is required and you decline or fail to contribute your pro rata share, your equity percentage may be proportionally diluted. KV may contribute the un‑funded portion and increase its ownership accordingly. If you materially fail to perform agreed milestones for more than thirty days after written notice, KV may elect to step in, appoint new management, or pursue a forced launch of the product to protect the venture and investor capital.
KV may share your Materials with its limited partners, affiliates, or other accredited investors for potential investment. KV makes no representation that such outreach will result in funding. Any resulting transaction will be subject to separate agreements directly between you and the applicable investor.
For thirty days after submission, you agree not to solicit or accept competing investment offers from investors introduced to you by KV without KV's written consent.
You represent that:
KV will process personal data in accordance with its Privacy Policy (link provided on the application page). You consent to cross‑border data transfers to servers in the United States, Vietnam, or other jurisdictions where KV operates.
If selected to travel, you must maintain valid travel and health insurance and comply with all production safety protocols. KV reserves the right to dismiss any participant who violates safety rules.
You agree to indemnify and hold harmless KV from any loss, liability, claim, damage, or expense arising out of (a) your breach of these Terms, or (b) any third‑party claim that the Materials infringe intellectual‑property or other rights.
To the maximum extent permitted by law, KV will not be liable for indirect, incidental, punitive, or consequential damages arising from or related to your application or participation. KV's total liability will not exceed USD 100.
KV may suspend or terminate production due to events beyond its reasonable control (including pandemic, natural disaster, governmental order) without liability.
These Terms are governed by the laws of the State of Delaware, United States, without regard to conflict‑of‑laws rules. Any dispute, claim, or controversy arising out of or relating to these Terms or the Program shall be resolved as follows:
The dispute shall be finally settled by confidential arbitration administered by the Singapore International Arbitration Centre (SIAC) under the SIAC Rules in force when the notice of arbitration is submitted. The seat of arbitration shall be Singapore and the language shall be English. Judgment on the award may be entered in any court having jurisdiction.
Notwithstanding paragraph 1, KV may elect, at its sole option, to bring suit for injunctive relief or monetary damages in a court of competent jurisdiction located in any one of the following forums:
Applicant irrevocably submits to the personal jurisdiction of each such forum for that purpose and waives any objection based on inconvenient forum.
Either party may apply to any competent court for interim or conservatory relief without waiving the agreement to arbitrate.
By clicking "Submit," you acknowledge that you have read, understood, and agree to these Terms and Conditions.