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TERMS AND CONDITIONS OF USING THE WEBSITE AND PARTICIPATING IN THE OTP CONNECT PROGRAM

 

Please read carefully the Terms and Conditions of Using the Website www.portal.otpconnect.rs and the Terms and Conditions of Participating in the Program prior to using this website and submitting an application. The terms and conditions for certain programs within the OTP Connect Program are stated on the website and will be updated regularly. Therefore, we kindly ask you to become familiarised with them prior to applying for a certain program.

 

The website contents have been provided by OTP banka Srbija a.d. Novi Sad (hereinafter: OTP banka). Should you not agree with the stated terms and conditions, please do not use this website.

In addition to the terms and conditions stated herein, you should also consent to the Cookies Management Policy, as well as to the Privacy and Personal Data Protection Notice for the purpose of taking part in the Bank's Innovation Ecosystem, also published on this website.

 

TERMS AND CONDITIONS OF PARTICIPATING IN THE OTP CONNECT PROGRAM

The present Terms and Conditions (hereinafter referred to as: Participating Conditions) pertain to participation in the OTP Connect Program that is dedicated to providing support to startup companies by OTP banka with its associates and partners, cooperation between OTP banka and startup companies in research, development and implementation of innovative solutions, and other forms of support, cooperation, education, research and development, which may incur as a result of participation of a startup company in the program of OTP banka - OTP Connect, as specified down below.

Some of the areas for submitting applications within categories on the OTP Connect website are as follows:

  • Bank digital transformation and operational efficiency
  • Customer Experience
  • Risk Management
  • Product and service development
  • Bank’s DOP and ESG agenda
  • Business processes
  • New technologies
  • Artificial intelligence
  • Software
  • E-commerce
  • Data management
  • Operational efficiency
  • Digital transformation
  • Other innovations not specified herein are also welcome!

The invitation to take part in the OTP Connect Programs is primarily intended for startup companies and startup informal teams, as well as IT and other companies having or developing innovative solutions.

The Participating Conditions of the OTP Connect Program determine the relationship between OTP banka Srbija a.d. Novi Sad, with headquarters in Novi Sad, Trg slobode no. 5, TIN: 100584604, Company Registration Number: 08603537 (hereinafter: Organiser) and participants of the OTP Connect Program (hereinafter: Participant).

By submitting the application to take part in the OTP Connect program, the Participant explicitly and without limitation confirms of having read and understood the Participating Conditions, and accepts thereof.

The Organiser is entitled to amend the Participating Conditions and Program concept, and such amendments will be published on the website www.portal.otpconnect.rs and the Organiser shall notify all registered Participants thereof by e-mail. The Participants may notify the Organiser at any time that they do not consent to the amendments and waive from participating in the Program. Otherwise, it shall be deemed they consent to amendments of the Participating Conditions.

 

1.   PROGRAM AND APPLYING FOR THE PROGRAM

1.1. The Program is intended to support, develop and cooperate in projects and solutions selected by the Organiser as the best, in line with the needs of introducing innovations in its operations, to the benefit and satisfaction of the Organiser and Participants. In line with individual arrangements and contracts with selected participants, the Organiser will provide support and/or establish cooperation in terms of implementation in its operations, as well as support in further development and promotion. Along with the Organiser, selected Program partners may also take part in the joint work, especially in terms of expertise and other agreed manners as well, with each selected Participant individually.

1.2. To apply for the Program, the online form on website www.portal.otpconnect.rsshould be completed. The Program is open to natural persons (as startup informal teams), legal entities and entrepreneurs.

1.3. In order to apply for a Program, the Participant is required to fill out the requested data within the individual program for which the Participant is applying that is published on website www.portal.otpconnect.rs.

1.4. Upon completing the online application form, confirming of consenting to the Program Terms and Conditions and Terms of using the website by marking confirmation fields “I agree with the Program Terms and Conditions”, “I agree with the Terms of Use” and I agree with the “Privacy and Personal Data Protection Notice for the purpose of taking part in the Bank's Innovation Ecosystem” and by clicking on “Send Application”, the Participant has registered for the selected program.

1.5. The application deadline is unlimited, with the exception of cases with clearly defined deadline within the selected program.

1.6. The Organiser shall not be held accountable and liable for an application that is incomplete, inappropriate or not validly submitted regardless of the reason (including but not limited to problems on the registration page, problems on the Internet or computer Internet systems, servers, service providers, computer equipment or software or if any application is not received due to technical problems or Internet congestion, telephone lines or on any website or due to various combinations of the aforementioned problems).

1.7. One Participant may send an unlimited number of applications.

1.8. The Organiser will reject any application that, in the opinion of the Organiser:

(I) Contains offensive content or content that could reflect adversely on the name, reputation or market position of the Organiser or any Program Partner;

(II) Includes trademarks, logos or copyrighted material that the Participant does not own or uses without the prior written approval of the rights holder (including famous names, names of companies, societies, etc.);

(III) Defames, misrepresents or insults other persons (legal entities and/or natural persons);

(IV) Promotes any inappropriate content.

1.10. The Organiser may request additional documentation from the Participant, as well as an official confirmation of all data reported. Should the Participant fail to submit the aforementioned, the Organiser will reject the application.

 

2.   SELECTION PROCEDURE AND PROGRAM PHASES

2.1. The Organiser shall appoint an Expert Jury composed of persons who, in the Organiser's opinion, are leaders in the field of innovation, project management and/or financing of projects and companies.

2.2. In accordance with the Program propositions and criteria, the Jury will decide with which Participants further discussions on possible cooperation will take place. Upon receipt of such notice from the Organiser, the invited Participants will have a minimum of 7 (seven) days to provide additional information concerning the registered project or proposed solution if requested, as well as to conduct an interview with Jury members and/or experts of the Organizer for a more comprehensive familiarisation with the registered project or proposed solution. If the conversation is conducted online via video call, in order to participate in the video call, the Participant must have an internet connection and access to corresponding free software (Microsoft Teams or Zoom) and to know how to use the said software.

2.3. Participants who, after sending additional information and conducted discussions, are selected by the Organiser’s decision for possible cooperation in one of the manners specified in the Program, will be informed individually thereof and further steps regarding cooperation will be individually agreed upon, as well as possible contract signing. The selected projects will be published on website www.portal.otpconnect.rs, as well as on the website of OTP banka, on social media of OTP banka and in other agreed manner of joint promotion. All Participants whose registered projects are not selected for the Program will be notified separately thereof.

3.   COOPERATION

3.1. Benefits for Program Participants are possible in various ways, listed on the Program website, and some of them are support in further development through expertise and mentoring provided by the Organiser and its partners.

3.2. In the event of cooperation involving financial transactions between the Organiser and its Partners on the one side and the Participant on the other side, the Participant is obliged to open a corresponding account at OTP banka.

3.2. All Program Participants selected for further cooperation, depending on the organization form, shall exercise the right to the Organiser's product, as a commercial bank, entitled “Biznis prestiž” Package or “Sinhro” Package, on the basis of which the Participant opens and manages a payment account that is used to execute payment transactions, without an account maintenance fee for a period of one year following the conclusion date of the contract on corresponding package, as well as six months of free-of-charge payment transactions for all orders initiated via digital channels (e-bank and m-bank) upon the date of concluding the contract on corresponding package. Corresponding packages are:

(I) If the finalist is a legal entity (small business company) or an entrepreneur, the finalist shall be entitled to the “Biznis prestiž” Package (engl. Business prestige).

(II) If the finalist is an entrepreneur (so called, independent expert – lump sum taxpayer), the finalist shall be entitled to the “Sinhro” Package.

In order to exercise the right from this point, all selected Participants are obliged to provide the Organiser with all the necessary documentation for account opening that the Organiser, as a commercial bank, requires in accordance with regulations, and to conclude contracts on the corresponding package with the Organiser.

If the selected Participants are already using a package from this point, they will be exempt from paying the account maintenance fee for a period of one year, of which they will be notified by the Organiser as a commercial bank.

3.3. Any cooperation form offered to the Participant by the Organiser and its Partners is not transferable.  

4.   WARRANTIES

4.1. By applying to the Program, the Participant confirms and warrants of being the exclusive and sole owner of its project or proposed solution, and that nothing related to the project constitutes a violation of copyright or any other third party right. The Participant thereby holds the Organiser harmless from any responsibility, so it is not considered and cannot be considered that the Organiser is responsible or is obliged to compensate any claim (damage) and/or request to any third party, which are related to and/or arise from the Organiser's use of the Participant's reported project or are in connection with the Participant's reported project within the Program, including, inter alia, claims related to copyright or trademark infringement, violation of privacy or privacy rights, defamation, violation of moral rights and any other personal, i.e. proprietary third party rights in any sense and within any jurisdiction. In the event of Organiser’s possible responsibility under these grounds, the Participant shall be obliged to compensate the Organiser for any suffered damage.

 

5.   PERMISSION

5.1. By applying for the Program, all selected Participants agree to participate in the Program promotional activities and that the Participant and the project or proposed solution in such activities may be promoted according to the reasonable request of the Organiser, worldwide through any media, in any form, for any purpose for an unlimited period of time.

6.   PUBLICITY AND PERSONAL DATA PROTECTION

6.1. Personal data of Participant representatives will be processed solely in line with personal data protection regulations, for the purpose of participating in the Program, of which you are informed by the Privacy and Personal Data Protection Notice for the purpose of taking part in the Bank's Innovation Ecosystem, which is posted on website www.portal.otpconnect.rs. Participants may at any time request insight into their personal data, and to request their supplements, correction or deletion, by sending such request to the Organiser by e-mail inovacije@otpbanka.rs. Personal data will be processes until Program completion at the latest. Personal data of Program Participants, as an integral part of the application for the Program, shall be placed for insight solely to the Professional Jury and experts of the Organiser in connection with the Program, and shall not be used otherwise. Participants will be fully responsible for the truthfulness and accuracy of information and data they submit.

Names of Participants as well as possible photos, statements and video recordings will be used for the purpose of promoting the Program and media publication by the Organiser, without fee in line with the Privacy and Personal Data Protection Notice for the purpose of taking part in the Bank's Innovation Ecosystem.

6.2. For any questions regarding the Program, Participants may address the Organiser by e-mail inovacije@otpbanka.rs

6.3. The Organiser shall not be held accountable should the Participant fail to make the application to participate in the Program for any reason whatsoever.

6.4. All Participants are responsible for any and all costs or expenses that may be incurred by their participation in the Program, unless otherwise stated in the Program conditions listed on the Program website.

6.5. The Organiser reserves the right to change or terminate, temporarily or permanently, this Program at any time and from time to time, without any liability, with prior notice to the public via an announcement on website www.portal.otpconnect.rs

6.6. In order to participate in the Program, Participants shall solely and only accept all conditions and rules of the Program for which they applied at the moment of submitting their application to the Program.

 

7.   DISCLAIMER

7.1. The Organiser shall not be responsible for failure to comply with the Program Conditions if such failure incurred due to a circumstance caused by force majeure. Such circumstances include, inter alia, severe weather conditions, pandemic, fire, flood, war, earthquake, riot, industrial dispute, terrorism, force majeure or such events affecting the Program or events which, without the fault of any party to the Program, prevent or disable satisfactory performance.

7.2. The Organiser assumes no responsibility for any damage, loss or injury suffered by a Participant applying for the Program or as a result of accepting or participating in the Program.

 

8.   PROGRAM PARTNERS

8.1. Program partners are listed on our website and are subject to change.

 

9.   GENERAL PROVISIONS

9.1. Due to extraordinary circumstances beyond its reasonable control and only if this is unavoidable due to the circumstances, the Organiser reserves the right to cancel or modify the Program and the Program Conditions at any stage, but shall always endeavour to minimize the adverse impact on the Participant.

9.2. The laws of the Republic of Serbia apply to this Program.

 

10. WEBSITE TERMS OF USE

10.1. OTP banka Srbija is the owner of the website content and the license holder of all intellectual property rights on this website and materials published on it, which do not include Participants' applications. Please do not use the content for any purpose other than to create an account on our website and register for programs published on our website without an agreement with us.

 

10.2. The content on our website is of a general nature and does not constitute advice to undertake any actions or procedures based on the content on this website. Although we place reasonable efforts to update the information on our website, we make no guarantees that the content on our website is accurate, complete or up-to-date. Where our website contains links to other websites and third party resources, these links are for informative purposes only and we shall not assume responsibility for the content of those websites and information on them. This website may contain information and materials posted by other website users. Such information and materials are neither confirmed nor approved by our part. Stands of other users on our website do not represent our stands or values.

 

10.3. The content of this website will be changed from time to time and we will strive to make all changes clearly visible and indicated. Please familiarize yourself with the content immediately before registering your data within this website.

 

10.4. If you create an account on our website, please keep your login information safe and do not share it with others. It is important to know that OTP banka, as the Organiser of the OTP Connect Program, will never ask you to provide your login credentials or any other sensitive data, except in the case of establishing official individual cooperation, which will be separately regulated and of which you will be comprehensively informed through official communication channels of OTP banka.

10.5. OTP banka as the Organiser is entitled to cancel your account at any time, if there are reasonable reasons that you do not comply with the stated terms of use of the website. As the content owners of the website, we are entitled to remove any posting you make on our website. You are solely responsible for securing and backing up your content.

 

10.6. Although our website complies with existing Internet security requirements, we do not guarantee that our website will be constantly secure or free of errors or viruses. You are responsible for configuring your information technology, computer programs and platform to access our website. You should use your own anti-virus software. You must not misuse our website by knowingly introducing viruses, Trojan programs, or other malicious material. No unauthorized access to our website, the server that hosts our website or any server, computer or database connected to our website is permitted. We will report any such breach to the relevant law enforcement authorities in this domain and we will cooperate with those authorities by disclosing your identity to them. In the event of such a breach, your right to use our website will terminate immediately.