Membership Terms & Conditions
These terms and conditions apply to Members and Membership applicants of Accelerating Asia. In these terms and conditions “Accelerating Asia” refers to Accelerating Asia Pte Ltd (U.E.N. 201816558M), incorporated in Singapore, whose registered office is at 160 Robinson Road #24-09, SBF Centre, Singapore 068914
By seeking, accepting and renewing Membership with Accelerating Asia, the Member or Membership applicant represents that it is committed to the mission of Accelerating Asia and our Code of Conduct, and agrees to Accelerating Asia’s Privacy Policy.
1. Definitions
a. In these terms and conditions, the words below shall bear the following meanings:“Free Services” means any products and/or services provided free of charge by Accelerating Asia to its Members, which may include advisory services.“Logo” means Accelerating Asia, Accelerating Asia Ventures, The Asia Accelerator or any other logo affiliated with Accelerating Asia’s membership programs membership logo.“Member” means any individual or organisation which is a registered member of Accelerating Asia under one of the membership types described at Clause 2, and “Membership” shall be construed accordingly.“Eligibility Guidelines” means the guidelines (and as the same may be updated or modified by Accelerating Asia from time to time) used by Accelerating Asia to assess applications for Membership, which is available on the Website.
“Website” means Accelerating Asia’s website https://acceleratingasia.com/
2. Membership Types
a.Accelerating Asia offers 3 types of Memberships:
i.Investor Lounge
The Investor Lounge is open to Venture Capital Funds, Corporate Venture Capital Funds, Family Offices and other Institutions whose purpose is facilitating investment into startups. The Investor Lounge membership is invite-only, with invitations extended to potential memberships solely at Accelerating Asia’s discretion.
ii. Angel360 Program & Angel360 Lounge
Angel360 is open to individual angel investors and individuals interested in angel investing with the intention to invest in startups. Angel360 membership is extended through select partner networks and requires an application to be submitted by each individual with acceptance solely at Accelerating Asia’s discretion
iii. Amplify Program
Amplify is open to early stage startups giving them access to the knowledge and resources they need to take their businesses to the next level
3. Membership Applications
a. All applications for Membership are to be made by completing the application form on the Website. By submitting an application for Membership to Accelerating Asia, the applicant is deemed to have read and agreed to these terms and conditions, and represents and warrants; (i) (where the applicant is an individual) that he/she is at least 18 years of age; (ii) (where the applicant is an organisation) that it is an organisation duly incorporated or registered and validly existing under its laws; (iii) that it is capable of entering into and performing legally binding contracts under applicable law; and (iv) that all information submitted to Accelerating Asia is complete, accurate and up to date.
b. To complete a Membership application, the applicant must make payment of the applicable Membership fee in accordance with Clause 7. Accelerating Asia shall not be obliged to process a Membership application until payment of the applicable Membership fee is received by Accelerating Asia.
c. Accelerating Asia will assess each application for Membership based on the Guidelines available on the Website.
d. Accelerating Asia reserves the right at all times and in its absolute discretion to determine the number of Members in Accelerating Asia and may accept or reject Membership applications at its discretion.
4. Member Responsibilities
a.Each Member shall be bound during the continuance of its Membership by these terms and conditions including any amendments made subsequently by Accelerating Asia.
b. Each Member is solely responsible for maintaining the confidentiality of their Membership number, login details and passwords, and for all activities that occur under their Membership number, login details and passwords, whether by themselves or anyone else using their login details and passwords. Each Member shall notify Accelerating Asia immediately in writing of any unauthorised use of its Membership details or account.
c. Membership is to be renewed according to the following conditions:
i.Investor Lounge: is to be renewed annually.
ii. Angel360 Program: is valid for the duration of the program subscribed to
iii. Angel360 Lounge: is to be renewed annually.
iv. Amplify Program: is valid for the duration of the program subscribed to
d. If a Member puts Accelerating Asia into disrepute or breaches these terms and conditions, Accelerating Asia may suspend or terminate its Membership in accordance with Clause 11b.
5. Membership Benefits
a.Members may enjoy the applicable Membership benefits listed on the Website. Such Membership benefits may be updated or modified by Accelerating Asia from time to time.
b. The listing of a Member on Accelerating Asia’s Website does not imply any sponsorship, endorsement, affiliation, partnership, joint venture or any sort of operational integration or association between Accelerating Asia and the Member.
c. Each Member acknowledges and agrees that Accelerating Asia shall not be held responsible for any information and/or content which it makes available with the Logo or to Accelerating Asia for inclusion on the Website.
d. Accelerating Asia shall not be liable for any loss or damages whatsoever arising from a Member’s inability to access any pages on the Website or use of any Membership benefits.
6. Members Conduct
a. All Members are expected to uphold the highest standards of practice in conducting their affairs with Accelerating Asia’s team, network of startups, investors, advisory groups, mentors, partners, Members and other stakeholders
b. All Members shall conduct their activities in line with Accelerating Asia’s Code of Conduct
c. All Members shall, amongst other things:
i.comply with all applicable legal requirements in Singapore;
ii. practice and promote ethical behaviour;
iii. not use Accelerating Asia’s corporate logo unless permitted by Accelerating Asia;
iv. not misrepresent its relationship with Accelerating Asia;
v. not disclose any confidential or private information; and/or
vi. not malign, defame or unfairly criticise another Member.
7. Membership Fees
a. Membership fees for each Membership type are stated on the Website and are payable and renewed according to the following payment terms:
i. Investor Lounge: payment is to be made upfront and membership is renewed annually
ii. Angel360 Program: payment is to be made upfront, and is valid for the duration of the program subscribed to
iii. Angel360 Lounge: payment is to be made upfront and membership is renewed annually
iv. Amplify Program: payment is to be made upfront, and is valid for the duration of the program subscribed to
b. Accelerating Asia may review the Membership fees from time to time and reserves the right to adjust the Membership fees where it is considered necessary. Any changes to the Membership fees will be notified to Members prior to implementation.
c. For new Members, Membership fees shall be paid upon submission of the application for Membership to Accelerating Asia, and such Membership fees may be refunded if Accelerating Asia considers that the applicant does not qualify for Membership. For existing Members who wish to renew their Membership, Membership fees shall be paid within 30 days of expiry of the last Membership year, and any failure to do so may result in termination of the Membership.
8. Confidentiality
a. Each Member agrees to keep confidential all Confidential Information which it may receive from Accelerating Asia in the course of its Membership or that may come into its knowledge or possession as a result of communications between the Member and Accelerating Asia. In the event that Accelerating Asia discovers that a Member has made or intends to make (whether directly or indirectly) any unauthorised disclosure of the Confidential Information, Accelerating Asia shall be entitled to take out an injunction to restrain the Member from making such disclosure. In addition or in the alternative, Accelerating Asia shall be entitled to exercise such legal and equitable remedies as are available in respect of the breach of these terms and conditions and to further protect the Confidential Information.
b. For the purposes of this paragraph, “Confidential Information” means any information relating to the business and affairs of Accelerating Asia that is not generally available to the public and shall include, without limitation:
i. Information of whatever nature relating to the business, finances, assets, liabilities, dealings, transactions, know-how, employees, Members, customers, suppliers, agents, processes or affairs of Accelerating Asia; and
ii. Information which is expressly indicated to be confidential or is imparted by Accelerating Asia in circumstances importing an obligation of confidence.
9. Personal Data Protection
a. Accelerating Asia’s Privacy Policy, available at https://acceleratingasia.com/privacy-policy and as may be amended, supplemented and substituted from time to time, is incorporated by reference and forms part of these terms and conditions and shall apply to all personal data that is provided to Accelerating Asia under these terms and conditions or which Accelerating Asia obtains from other sources or which arises from a Member’s relationship with Accelerating Asia.
b. By submitting personal data to Accelerating Asia, the Member or the Membership applicant (as the case may be):
i. consents to Accelerating Asia’s collection, use, processing and disclosure of such personal data in accordance with Accelerating Asia’s Privacy Policy and these terms and conditions.
ii. agrees that we may collect, use and disclose your personal data, as provided in your membership application form, or (if applicable) obtained by our organisation in connection with your membership, for the following purposes in accordance with the Personal Data Protection Act and our privacy policy (available at our website):
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the processing of this application and distribution of data to third parties on a need to know basis;
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the receipt by you of marketing materials and communications from Accelerating Asia; and
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membership data transfer by Accelerating Asia, The Asia Accelerator and Accelerating Asia Ventures to relevant partners, agents or service providers.
iii. warrants, in the case of personal data belonging to any individual other than the Member or Membership applicant, that it has obtained the individual’s prior consent to such collection, use, processing and disclosure of the individual’s personal data by Accelerating Asia in accordance with Accelerating Asia’s Privacy Policy and these terms and conditions.
c. In addition to the purposes set out in Accelerating Asia’s Privacy Policy, Accelerating Asia may collect, use and disclose the information (including any personal data) provided under these terms and conditions to:
i. assess and process the application for Membership;
ii. administer the Membership with Accelerating Asia;
iii. provide benefits, support, services and information offered under the Membership and/or requested by a Member;
iv. conduct and publish research studies;
v. manage and facilitate the business and administrative operations of Accelerating Asia and complying with internal policies and procedures; and/or
vi. comply with applicable rules, laws and regulations, codes of practice or guidelines or to assist in law enforcement and investigations by relevant authorities.
d. Each Member shall inform Accelerating Asia of any changes to its information, as well as of any new circumstances which might be relevant to the Member’s relationship with Accelerating Asia as soon as practicable and within 30 days of occurrence of such change.
e. Each Member shall notify Accelerating Asia if such Member is providing Accelerating Asia with information (such as personal or customer information) which must be handled in accordance with specific regulatory requirements.
f. Members may change, add or delete any information on themselves held by Accelerating Asia may do so by contacting Accelerating Asia at [email protected]
10. Publicity
Each Member agrees to participate and be featured in publicity materials and media interviews in relation to Accelerating Asia, and consents to the use of its photographs, images and information for the purposes of promoting the objectives of Accelerating Asia in perpetuity.
11. Suspension or Termination of Membership
a. A Member may terminate its Membership at any time by giving 30 days written notice to Accelerating Asia.
b. Accelerating Asia may suspend or terminate a Membership for any of the following reasons:
i. if the Member’s mission and/or business does not align with Accelerating Asia membership objectives;
ii. if the Member fails to pay the applicable Membership fee within 30 days of taking up Membership or expiry of a Membership year;
iii. if the Member fails to conduct itself according to the standards set out under clause 6;
iv. if the Member was engaged and/or is engaging in any illegal or undesirable activity;
v. if the Member is in material breach of these terms and conditions; and
vi. if the Member has acted and/or is acting in a manner prejudicial to the interest of Accelerating Asia.
c. Notwithstanding the foregoing, Accelerating Asia may suspend or terminate a Membership at any time without having to give any reasons or notice.
d. Membership fees will not be refunded if Membership is terminated for whatever reason before the end of a Membership year.
e. An individual, organisation or whose Membership has expired or been suspended or terminated will cease to enjoy Membership benefits. A Member’s Membership that has expired or been suspended or terminated will be delisted from the Website and shall immediately discontinue all use of the Logo. Accelerating Asia shall not be liable for any loss or damages whatsoever arising from the expiry, suspension or termination of any Membership.
12. Disclaimer
a. Accelerating Asia makes no representation or warranty as to the Free Services. The Free Services provided are of a general nature based on the facts and/information furnished by the Member, and are not intended to replace, substitute or supplement professional advice or services that may be needed in each case. Each Member acknowledges that if necessary, the Member shall consult with suitably qualified professionals and independent advisers for professional advice. The Member accordingly agrees that any use of and reliance on the Free Services is at its own risk, and agrees not to hold Accelerating Asia, or any of its directors, officers, managers, employees or personnel liable or responsible in any way whatsoever for or in connection with the Free Services, and waives any and all claims against each of them in relation to such Free Services.
b. Where Accelerating Asia is asked to recommend to a Member the services of an adviser or service provider, it will do so in good faith, but without liability and without warranty as to the ability or standing of that advisor or service provider. Accelerating Asia will not be responsible for the quality of the work of the advisor or service provider, or for monitoring or reviewing their work.
c. In making an investment decision, investors must rely on their own examination of startups and the terms of the investment including the merits and risks involved. Prospective investors should not construe the contents of this event as legal, tax, investment, financial or accounting advice
13. Entire Agreement
These terms and conditions including the documents incorporated herein by reference constitute the entire agreement relating to the subject matter of these terms and conditions and supersedes all prior or contemporaneous understandings regarding such subject matter.
14. Invalidity
In the event that any of these terms and conditions is held to be invalid, or are otherwise not permitted in any jurisdiction, the remainder of the terms and conditions will remain in full force and effect.
15. Governing Law and Jurisdiction
These terms and conditions and any non-contractual obligations arising out of or in connection with these terms and conditions, shall be governed by, and construed in accordance with, the laws of Singapore. The Courts of Singapore shall have exclusive jurisdiction in relation to any claim, dispute or difference concerning these terms and conditions and any matter arising therefrom. Henceforth, the parties knowingly, voluntarily and intentionally waive to the fullest extent permitted by law any rights they may have to commence proceedings in any other forum, court or tribunal for such claims, disputes or differences concerning these terms and conditions.
