These Terms and Conditions (the “Terms”) govern applications to and participation in the ERDN Pitch Program (the “Program”), administered by Even Realities. By submitting an application, the applicant (“Applicant”) confirms that they have read, understood, and agreed to these Terms.
1. Program Purpose
The Program supports future, Applicant-led development projects that align with the Program’s objectives. Each quarter, Even Realities expects to select up to ten Applicants to receive development support,such as prototype device, subject to availability and these Terms.
The Program provides funding to support future, applicant-led development projects. Eligible proposals will be evaluated individually by Even Realities through a substantive review based on the published selection criteria and the Program’s objectives. Selection will not be made by random drawing or chance.
2. Eligibility
To apply, an Applicant must:
- be at least 18 years old and have reached the age of legal majority in their jurisdiction;
- be legally permitted to participate and receive the Device;
- submit a complete and accurate application before the applicable deadline; and
- not be an employee, officer, director, evaluation committee member, or immediate family or household member of any person directly involved in administering or evaluating the Program.
Even Realities may request reasonable documentation to verify eligibility, identity, tax status, payment details, or legal compliance. The Program is void where prohibited or restricted by applicable law.
3. Applications
Applications must be submitted through application form provided by Even Realities. Each application must describe the proposed future development project and provide the information requested in the application form.
Applicants must not submit confidential information or third-party materials that they are not authorized to disclose. Applicants remain responsible for the accuracy, legality, and completeness of their submissions.
Submitting an application does not guarantee selection or create any obligation for Even Realities to provide funding, equipment, feedback, or other support.
4. Review and Selection
Eligible applications will be evaluated by Even Realities or its appointed reviewers based on factors such as:
- alignment with the Program’s objectives;
- technical feasibility and quality;
- innovation;
- the Applicant’s ability to carry out the project; and
- the project’s expected impact.
Even Realities may consider additional factors reasonably related to the Program’s objectives, available resources, geographic coverage, portfolio balance, compliance requirements, and conflicts of interest.
Selection decisions involve qualitative judgment, are not based on chance, and are final to the extent permitted by applicable law. Even Realities may select fewer than ten recipients in any quarter and is not required to disclose individual scores, deliberations, or confidential reviewer information.
5. Notification and Recipient Agreement
Selected Applicants will be notified using the contact details provided in their applications. A selected Applicant must respond within 5 calendar days and complete any required verification, tax, compliance, and payment documentation.
Once Even Realities confirms that the selected Applicant has satisfied these requirements, the Applicant will become a recipient under the Program (a “Recipient”). These Terms will govern the Recipient’s receipt and use of the prototype device, and no separate agreement will be required unless the parties expressly agree otherwise in writing.
If a selected Applicant does not respond within the required period, fails to complete the required verification, declines the grant, or cannot lawfully receive the prototype device, Even Realities may withdraw the selection and select another Applicant through the same substantive review process.
6. Prototype Device
Subject to the Recipient’s completion of the requirements set out in Section 5, each Recipient will receive prototype devices designated by Even Realities (the “Device”).
Even Realities will use commercially reasonable efforts to ship the Device within [60] days after the Recipient completes all required verification, tax, compliance, payment, and delivery documentation. Payment and delivery may be delayed or affected by banking, tax, customs, sanctions, export-control, logistics, product-availability, or other legal or operational requirements.
The Device are provided to support the development of the project described in the Recipient’s approved proposal. For purposes of these Terms, the application or other software product to be developed under that proposal is referred to as the “Project App.” The Recipient will independently determine the manner and means of developing the Project App, subject to the approved proposal, these Terms, the applicable Even Hub Developer Platform Terms of Service, and applicable law.
The Device dose not constitute compensation for employment or services directed or controlled by Even Realities and do not create or guarantee any employment, agency, partnership, investment, procurement, commercial partnership, additional funding, or other business relationship.
6.1 Project App Submission Requirement
The Recipient must develop and make a Qualifying Submission of the Project App within [120] days after delivery of the Device, unless Even Realities approves an extension in writing.
A “Qualifying Submission” occurs when the Recipient:
(a) completes a functional prototype or release candidate of the Project App that is developed in good faith and is materially consistent with the approved proposal, or with any material modification approved by Even Realities in writing;
(b) submits the Project App to the Even Hub Developer Platform for Publication Review, together with the materials reasonably required for submission; and
(c) provides any reasonable demonstration, completion report, or other evidence of completion requested under Section 7.
The Project App is not required to pass Publication Review or achieve any particular number of installs, level of usage, commercial result, or subjective standard of quality in order to constitute a Qualifying Submission. Submission of the Project App does not guarantee approval, publication, distribution, promotion, or continued availability through Even Hub.
Even Realities will confirm whether the objective requirements for a Qualifying Submission have been satisfied within [10] business days after receiving the relevant submission and supporting materials. Such confirmation will not be unreasonably withheld or delayed.
6.2 Retention and Transfer of Device Ownership
The Device will initially be provided to the Recipient on loan solely for the purpose of developing and testing the Project App. Legal title to and ownership of the Device will remain with Even Realities until the Recipient completes a Qualifying Submission in accordance with Section 6.1.
Upon Even Realities’ confirmation that the Recipient has completed a Qualifying Submission, legal title to and ownership of the Device will automatically transfer to the Recipient without further payment or documentation, subject to applicable law and any continuing restrictions expressly stated in these Terms.
Until ownership transfers, the Recipient must:
(a) exercise reasonable care in storing, securing, and using the Device;
(b) use the Device only for the Program and activities reasonably related to developing and testing the Project App;
(c) not sell, transfer, assign, lease, lend, pledge, encumber, export, or otherwise dispose of the Device without Even Realities’ prior written approval;
(d) comply with all device-use, safety, confidentiality, export-control, and other written restrictions provided by Even Realities; and
(e) promptly notify Even Realities of any loss, theft, material damage, unauthorised access, or unauthorised transfer involving the Device.
The Recipient will be responsible for loss of or damage to the Device resulting from the Recipient’s fraud, intentional misconduct, gross negligence, unauthorised transfer, or material breach of these Terms. The Recipient will not be responsible for ordinary wear and tear, inherent defects, or failures not caused by the Recipient.
6.3 Return of the Device
If the Recipient:
(a) fails to complete a Qualifying Submission by the applicable deadline;
(b) withdraws from the Program before completing a Qualifying Submission;
(c) confirms that the Project App will not be completed;
(d) is disqualified under Section 14 before ownership of the Device transfers; or
(e) otherwise materially breaches these Terms before ownership of the Device transfers,
the Recipient must stop using and return the Device within [14] days after receiving written return instructions from Even Realities.
Even Realities will provide a prepaid return label or otherwise bear reasonable return-shipping costs, except where the return results from the Recipient’s fraud, intentional misconduct, unauthorised transfer, or material breach of these Terms.
If the Recipient fails to return the Device within the required period, Even Realities may recover the Device or require reimbursement of its reasonable replacement value, in addition to any other remedies available under applicable law.
6.4 Device Conditions and Expenses
The Device may be a pre-release or prototype product. Its specifications, delivery date, supported features, reliability, and geographic compatibility are not guaranteed. Except as expressly stated in these Terms or required by applicable law, Even Realities is not obligated to repair, replace, update, or provide continuing support for the Device.
The Recipient is responsible for all applicable taxes, customs duties, import requirements, permits, and similar charges relating to the Grant or Device unless Even Realities expressly agrees otherwise in writing.
7. Conditional Transfer of Device Ownership
For purposes of these Terms, a “Project App” means a functional prototype or release candidate developed in good faith and materially consistent with the Recipient’s approved proposal, or with any material modification approved by Even Realities in writing.
The Device will initially be provided to the Recipient on loan solely for the purpose of developing the Project App. Legal title to and ownership of the Device will remain with Even Realities until the Recipient has made a Qualifying Submission.
A “Qualifying Submission” occurs when, within [120] days after delivery of the Device or such extended period as Even Realities may approve in writing, the Recipient:
(a) completes a functional prototype or release candidate of the Project App;
(b) submits the Project App to the Even Hub Developer Platform for Publication Review, together with the materials reasonably required for submission; and
(c) provides any reasonable demonstration or completion report required under Section 7.
The Project App is not required to pass Publication Review or achieve any particular level of installs, usage, commercial success, or subjective quality in order to constitute a Qualifying Submission. Even Realities will confirm whether the foregoing objective requirements have been satisfied within [10] business days after receiving the submission and will not unreasonably withhold or delay that confirmation.
Upon such confirmation, legal title to the Device will automatically transfer to the Recipient without further payment or documentation, subject to any restrictions required by applicable law.
Until ownership transfers, the Recipient must:
(i) exercise reasonable care in storing and using the Device;
(ii) not sell, transfer, lease, pledge, encumber, or otherwise dispose of the Device;
(iii) use the Device only for the Program and related development and testing; and
(iv) promptly notify Even Realities of any loss, theft, or material damage.
If the Recipient does not make a Qualifying Submission by the applicable deadline, withdraws from the Program, is disqualified under Section 14, or confirms that the Project App will not be completed, the Recipient must return the Device within [14] days after receiving written instructions from Even Realities. Even Realities will provide a prepaid return label or otherwise bear reasonable return-shipping costs, except where return is required because of the Recipient’s fraud, intentional misconduct, unauthorised transfer, or material breach of these Terms.
If the Recipient fails to return the Device as required, Even Realities may recover the Device or its reasonable replacement value, together with any other remedies available under applicable law.
8. Project Independence and Reporting
Recipients will ordinarily determine how to develop their projects, subject to the approved proposal, applicable law, and any grant agreement. Even Realities may request reasonable progress updates, expenditure summaries, demonstrations, or a final project report to understand how the support was used.
Such reporting requirements are intended for grant oversight and do not create an employment, agency, partnership, fiduciary, or independent-contractor relationship. A recipient has no authority to bind or represent Even Realities.
9. Intellectual Property
Applicants retain ownership of their application materials and pre-existing intellectual property. Unless otherwise agreed in a separate written agreement, recipients also retain ownership of intellectual property created through their projects.
By submitting an application, the Applicant grants Even Realities a limited, non-exclusive, worldwide, royalty-free license to review, evaluate, administer, and internally document the application and the Program.
Any broader license for testing, publication, promotion, commercialization, or use of project results must be addressed separately and expressly agreed in writing.
If an Applicant or Recipient accesses, submits content to, or publishes a Plug-in through the Even Hub Developer Platform, such activities will be separately governed by the then-current Even Hub Developer Platform Terms of Service.
10. Publicity
Even Realities may identify selected recipients and publish limited information such as the recipient’s name, professional biography, project title, and non-confidential project description, subject to applicable law and any required consent.
Even Realities will obtain separate permission before using a recipient’s image, likeness, testimonial, or other materials beyond what is reasonably necessary to announce and administer the Program.
11. Taxes
The value of prototype devices may constitute taxable income or otherwise trigger tax reporting or withholding obligations. Each applicant and recipient is responsible for obtaining independent tax advice and paying applicable taxes, duties, and charges.
Even Realities may collect tax documentation, report payments, or withhold amounts where required by law. Even Realities does not provide tax advice or guarantee any particular tax treatment.
12. Privacy
Even Realities will process personal information submitted in connection with the Program for purposes including eligibility verification, application review, Program administration, compliance screening, payment, delivery, communications, and recordkeeping.
13. Compliance
Applicants and recipients must comply with applicable laws, including sanctions, export controls, anti-bribery, privacy, intellectual property, and technology-specific regulatory requirements.
No support will be provided where doing so would violate applicable sanctions, export controls, or other legal restrictions. Even Realities may conduct compliance screening and may delay, suspend, or withdraw support where reasonably necessary to address a legal or compliance concern.
The prototype device must not be exported, transferred, resold, or used in violation of applicable law or any written device restrictions provided by Even Realities.
14. Applicant Representations
By submitting an application, the Applicant represents that:
- the application is accurate and submitted in good faith;
- the Applicant has the right to submit all included materials;
- the proposed project does not knowingly infringe third-party rights;
- the Applicant has disclosed any material conflict of interest;
- participation will not violate another agreement binding on the Applicant; and
- the Applicant will not use the Program to facilitate unlawful, harmful, fraudulent, or deceptive activity.
15. Disqualification and Withdrawal
Even Realities may reject or disqualify an application, or withdraw or suspend support, where the Applicant:
- provides materially false, misleading, or incomplete information;
- attempts to manipulate or improperly influence the review process;
- violates these Terms or applicable law;
- fails eligibility or compliance verification;
- infringes or misuses third-party rights; or
- engages in conduct that creates a material legal, security, ethical, or reputational risk connected with the Program.
Even Realities will exercise these rights reasonably and in accordance with applicable law.
Withdrawal, suspension, or disqualification does not affect the Recipient’s obligation to return any Device that remains the property of Even Realities under Section 6.
16. Program Changes or Cancellation
Even Realities may modify, suspend, postpone, or cancel the Program where reasonably necessary because of legal requirements, security issues, technical failures, funding or equipment availability, events beyond Even Realities’ reasonable control, or other material circumstances.
Even Realities will not use this provision to change the published selection outcome improperly. Material changes will be communicated through [PROGRAM WEBSITE OR CONTACT METHOD] where reasonably practicable.
17. Disclaimer and Limitation of Liability
To the maximum extent permitted by applicable law, the Program, prototype device, and related support are provided without warranties other than those that cannot lawfully be excluded. Prototype devices may be pre-release products and may contain defects, experience interruptions, or differ from commercially released products.
Nothing in these Terms excludes or limits liability that cannot be excluded under applicable law. Subject to that limitation, Even Realities will not be liable for indirect, incidental, special, or consequential losses arising from an application, selection decision, project, grant, or use of a prototype device.
Nothing in these Terms affects any mandatory rights available to an Applicant under applicable consumer or other law.
18. Governing Law and Disputes
These Terms, the Program, and any dispute or non-contractual obligation arising out of or in connection with them shall be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region.
Subject to any mandatory rights or forums available under applicable law, any dispute, controversy, or claim arising out of or in connection with the Program or these Terms shall be submitted to the exclusive jurisdiction of the courts of the Hong Kong Special Administrative Region.
19. General Terms
These Terms become effective when an applicant submits the application form.
Even Realities may update these Terms and related Program policies from time to time. If an update materially affects applicants or participants, Even Realities will provide notice through appropriate means, such as by posting a notice on the relevant website or service or through another reasonable communication method. Any update will take effect on the effective date stated in the notice or updated document and will not apply retroactively unless required by applicable law or expressly agreed by the affected applicant or participant.
If any provision of these Terms is found invalid or unenforceable, the remaining provisions will remain effective. Even Realities’ failure to enforce a provision does not waive its right to enforce that or another provision later.
These Terms, together with the application form, Program Privacy Notice, and any separate agreement signed by a selected recipient, constitute the applicable agreement concerning participation in the Program. If there is a conflict, the applicable separate agreement will govern the recipient’s receipt and use of the Device.