Venture Nordics – Terms & Conditions

These General Terms and Conditions include the most important terms and conditions that apply to Venture Nordics Program.

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Organizer:

This Venture Nordics  Programme is organised by Helsinki Partners Ltd with Business ID 3209009-8, which is Finnish limited liability company incorporated under the laws of Finland (“Helsinki Partners”).

Helsinki Partners is a city-owned company supporting trade and business in Helsinki metropolitan area.

Timetable:

Application period:  1 March 2025 – 1 June 2025

Selection and interview period: 1 – 30 June 2025

Final confirmation with contracts signing:  1 July – 31 July 2025

Onsite program in Helsinki: 14 – 20 November, 2025

Helsinki Partners will choose 3 – 10 participants upon its sole discretion in 2025. The chosen participants are informed during June 2025, after which the chosen participants will be interviewed. The purpose of the interview is to further evaluate the suitability of each participant and ensure that the participant is suitable for the goals and target group of the Venture Nordics  programme. Helsinki Partners shall have the right to refuse a participant without any liability whatsoever, if a participant proves to be clearly unsuitable for the Venture Nordics  programme during the interview.

The organizer can contact the applicants already before the decision if additional information is needed.

The Venture Nordics  programme onsite part shall take place during 14 -20 November, 2025, but timetable changes are possible e.g. due to the chosen participants’ situation. The timetable presented above is non-binding and Helsinki Partners reserves the right at its sole discretion to amend the scheduled timetable.

Who can apply?

To apply you need to fulfill the following general criteria:

Criteria for the decision:

Helsinki Partners has the right to choose freely the participants among the applicants. For example, following criteria will be considered in the decision-making.

Helsinki Partner’s responsibilities

Helsinki Partners provides the concept for the Venture Nordics  programme and certain support services that may be necessary for participants during the Venture Nordics  programme.  All the planned program is provided for free for the participants. However, participants are responsible for all their own expenses and costs including, but not limited to, travel, visa applications, living costs, and personal expenses.

The concept of the Venture Nordics  programme is provided “as is” and no express or implied warranty regarding it or its suitability for any special purpose of the participants are granted.

Helsinki Partners provides following support services as a part of the programme free of charge for the chosen participants:

PREPARATION PHASE

DURING THE STAY

Responsibilities for the applicants and participants:

The applicant and participant shall be responsible for compensating all damages occurred to Helsinki Partners for the breach of these terms and conditions and the agreement between the parties.

Force majeure

Force Majeure means any and all events beyond Helsinki Partner’s control, the consequences of which could not have been foreseen and/or avoided, even if all reasonable measures had been taken.

Examples of Force Majeure include, but are not limited to, war, acts of terrorism (or the threat thereof), strike, significant risks to human health such as the outbreak of serious disease or pandemic (including COVID-19), any governmental or municipal actions, Act of God, which make it impossible or extremely difficult or otherwise significantly prevents the applicant and/or participant to travel safely to, or stay in Helsinki during the Venture Nordics  programme, or influences significantly Helsinki Partner’s possibility to organise the Venture Nordics  programme as planned and/or scheduled.

In case of Force Majeure, Helsinki Partners will try to provide a postponement of the Venture Nordics  programme where possible. If the delay would exceed fourteen (14) days or more, Helsinki Partners shall have the right to cancel the Venture Nordics  programme without any liability to the applicants and/or participants.

Compensation for participation in Venture Nordics  programme

Helsinki Partners shall not be liable or pay the applicants and/or participants any compensation based on their participation and/or application in the Venture Nordics  programme.

Withdrawal of applicant’s application and/or conduct in Venture Nordics  programme

The applicant can withdraw his or her application in Venture Nordics  programme at any time by contacting Helsinki Partners in writing.

The selected participant can withdraw his or her participation in the Venture Nordics  programme at any time by informing Helsinki Partners in writing.

Intellectual Property Rights

Intellectual Property Rights to Venture Nordics  programme shall belong to Helsinki Partners or to a third party participating in providing the Venture Nordics  programme. Helsinki Partners shall retain ownership of all its intellectual property rights and nothing herein shall grant to the applicant and/or participant title, license or any other right to any intellectual property rights of Helsinki Partners.

Helsinki Partners’ rights cover, including but not limited to, the right to distribute, promote, utilize, present, modify and/or combine material filmed or otherwise associated with the participants (“Recorded Material“) worldwide either publicly or privately in different medias for commercial and non-commercial purposes in the manner as may be deemed appropriate by Helsinki Partners from time to time.

The applicants and participants acknowledge Helsinki Partner’s intellectual property rights, title to its trade name, trademarks, domain names, know-how and other intellectual property rights and refrain from all actions that may infringe the rights of Helsinki Partners.

The applicants and participants accept that their intellectual property rights relating to Venture Nordics  and Recorded Material shall automatically transfer to Helsinki Partners without compensation.

If the applicant or participant is in any breach of this clause, which rectifiable breach is not rectified within thirty (30) days from the applicant or participant becoming aware of such a breach, the applicant or participant shall be liable on first demand of Helsinki Partners to pay liquidated damages in the amount of fifty thousand (50.000,00) EUR for each breach of this clause. In addition, the applicant or participant is liable to reimburse and compensate to Helsinki Partners for all damages that exceed the liquidated damages.

Data protection

Helsinki Partners shall act as a Data Controller as stipulated in the EU General Data Protection Regulation (679/2016, “GDPR“).

By applying and/or participating in Venture Nordics  programme, the applicants and participants agree to give their consent for the use of his or her personal data as described in Helsinki Partners’ Privacy Policy.

Limitation of liability

In no case shall Helsinki Partners, its directors, officers, employees, affiliates, agents, contractors, or licensors be liable for any direct, indirect, incidental, punitive, special, or consequential damages arising from applicant’s applicating and/or participant’s participation in the Venture Nordics  programme.

Applicants and participants expressly agree that his and/or her application and participation in Venture Nordics  programme is at his or her own risk.

Insurance Applicants and participants are responsible for maintaining an insurance covering expenses for travel liability, acute illness and accidents for the duration of participant’s stay in Finland.

Confidentiality

The applicants and participants shall keep strictly confidential all confidential information disclosed or communicated to them by Helsinki Partners or that otherwise becomes known to them directly or indirectly. The applicants and participants shall not use for their own purposes or to disclose to any third party any confidential information. The applicants and participants shall comply with special diligence when handling and maintaining confidential information.

If the applicant or participant is in any breach of this clause, which rectifiable breach is not rectified within thirty (30) days from the applicant or participant becoming aware of such a breach, the applicant or participant shall be liable on first demand of Helsinki Partners to pay liquidated damages in the amount of fifty thousand (50.000,00) EUR for each breach of this clause. In addition, the applicant or participant is liable to reimburse and compensate to Helsinki Partners for all damages that exceed the liquidated damages.

The obligations on confidentiality set forth in this clause shall be valid regardless of any termination of Venture Nordics  programme or withdrawal of the applicant or participant.

No partnership

Nothing in these terms and conditions shall be construed to create any agency, employment, partnership, joint venture or similar relationship between Helsinki Partners and the applicant/participant. Neither party shall have any right or authority whatsoever to incur any liability or obligation (express or implied) or otherwise act in any manner in the name or on the behalf of the other, or to make any promise, warranty or representation binding on the other.

Termination of Venture Nordics  programme

Helsinki Partners shall have right to terminate the Venture Nordics  programme in respect of the applicant and/or participant for cause, e.g. breach of agreement of applicants and/or participants, and for convenience without any liability to applicants and/or participants.

Governing law and dispute resolution

These terms and conditions and any action related thereto shall be governed, controlled, interpreted and defined by and under the laws of Finland, without regard to the conflicts of law provisions. Any dispute arising from or related to these Terms & Conditions or the Venture Nordics  -programme shall be finally settled by a sole arbitrator in arbitration in Helsinki in accordance with the Arbitration Rules of the Finland Chamber of Commerce. The language of the arbitration shall be Finnish, but evidence may also be presented in English.