Ideas shortlisted can get access to Funding and Mentoring , but only after you understand the conditions below.
VITS Group is my privately-owned umbrella company and one of its key roles is to look into new industries where it focuses on the initiation, development and implementation of all new VITS and KAMATS branded ventures.
I thank you for recognising the VITS Group as a consumer facing company and I am grateful for your thoughts on any industries where you feel the group could bring better value to the customer. However, as I receive a large quantity of unsolicited business ideas, the majority of which we have already considered, I ask that you do not contact me if you have, or believe you have, an idea that you intend to protect by copyright, design right, patent or other intellectual property right. If you nonetheless do so, then your submission of the idea to us will be taken as your agreement to immediately grant the VITS Group an irrevocable, permanent, worldwide license to make use of the idea for any purpose we deem appropriate.
In summary, the VITS Group :
Appreciates people who are willing to talk about industry expertise but is not prepared to sign any form of non disclosure or confidentiality agreement.
Is not obliged to offer any job, equity or any other form of reward in any company that is formed as a result of either an idea submission or any subsequent contact between the VITS Group and the submitter.
It is important to note that I only invest in VITS KAMATS - branded companies and I do not licence the brand to start ups not controlled by the VITS Group.
If you are happy with the VITS Group's policies, as set out above, and still wish to suggest a New Idea... please click here