Clarification on Eligibility for Competition as an Individual Despite Company Role

I am the CEO of Asset Plan and, alongside my CTO, have developed a project that we intend to submit to a competition. This project has been developed entirely in our personal time, without the involvement of our company or any of its resources. We have mutually agreed that the company will only become involved after the competition is concluded, should the project demonstrate potential.

I understand that the competition rules require participants to apply as individuals and not as part of a group. And I’ve already read some replies regarding this, related to the “formal participation” and not anything else regarding teams or startups on top of the project. But I would like a narrower perspective on this.

I plan to submit the project under my personal account, ensuring that the development and submission phase is entirely separate from my role as CEO. However, I’ll record the video citing Asset Plan as distributor, and I’ll link the project’s resources to Asset Plan’s website, as the company will be responsible for its piloting and potential development after the competition.

Given this setup, I would like to confirm my eligibility to participate in the competition as an individual, even though the project, if successful, will eventually benefit my company. Could you please clarify whether this arrangement is compliant with the competition rules?

Thank you for your guidance.

1 Like

Good question. Would like to know the answer. My understanding is that the competitions sponsor wants to make sure you are authorized to use any intellectual property used in the apps submission. As long as your team members/ company are okay with your submitting the project for the competition and can put their authorization into writing, you should be good.

However @Lloyd_Hightower will be in a better position to provide clarity.

Great. Just to be clear, I can provide an official authorization if needed, but I want to emphasize that my friend and I are participating as individuals.

The company will obtain the rights to develop it further and commercialize it after the submission.