Quickers Incubator Program (QIP)
Participation Agreement to join Quickers
This is an Incubator Program Participation Agreement (the “Participation Agreement”) for Incubators and Accelerators between Quickers Venture S.L. (“Quickers Venture” or “Quickers”) a Spanish company registered in C/Belgica 36, Santa Pola, Alicante under VAT ESB42674317, and INCUBATOR (“Incubator”, “the incubator ” or “Company”), VAT and address registered in its own INCUBATOR account.
Quickers Venture is a Digital Incubator company that helps entrepreneurs and incubators to reduce the obstacles that often prevent these entrepreneurs and incubators from creating successful and sustainable incubator es. We have digitalized the European Venture Capital industry to help startups and incubators focus on what matters: jobs & growth.
Through our digital platform, we help ventures to focus on their businesses while making software focus on all the rest. However is not all about digitalization, automation, and AI; indeed we are people behind the code :) A team of experienced professionals helps startups bootstrap during their early stages, providing mentoring, guidance, and sometimes also some way of funding.
The Quickers Incubator Program (the “Program” or the “QIP”) is a 100% Digita Incubator tool that helps entrepreneurs to formalize, launch, and grow businesses that produce high-quality startups by providing:
Business Plan guidance, feedback, and actionable insights
Actionable Mentorship from industry experts
Technical Engineering Assistance from industry-specific professionals
Access to market and capital opportunities through its funding programs
HR Module to manage Recruitment, Employee and Talent development
Quickers also makes available to such entrepreneurs and incubators the shared use of affordable, high-quality Information Technology (IT) services (the “Facilities” or “IT Services”) under an Engineering & Technology Agreement (the “Facilities Agreement”) to have the best service at affordable prices inside Quickers.
The incubator works with local and regional early-stage companies to get them to move beyond their embryonic phase. The incubator wishes to participate in the QIP on the terms set out in this Participation Agreement.
Welcome on board and let’s jump into details about your rights and responsibilities! :)
Before reading all the services you will be granted, please take a look at some important definitions. For the purpose of this agreement, the following words shall have the meanings assigned to them.
“Quickers Incubation Program” or “QIP” means the digital platform that is original & a 100% digital Incubation Program created by Quickers Venture S.L. to help incubators and Startups reduce risks in the Business Administration practices, MVP definition and Lean Startup approaches to generate new products, services or businesses.
“Business incubator” is a program that gives very early-stage companies access to mentorship, investors, and other support to help them get established. the incubator incubators work with early-stage companies to get them to move beyond their embryonic phase.
“QIP Graduation” means any Startup that graduated from Quickers Incubation Program.
“Startup” A startup is a company that's in the initial stages of business. Founders normally finance their startups and may attempt to attract outside investment before they get off the ground.
“Incubator” means a company registered in Quickers Platform providing businesses or startups actionable development support and/or office accommodation to start-up companies.
“Incubatee” means an entrepreneur, researcher, or innovator located within the premises of a business incubator or a science and technology entrepreneurship park.
“Activity” means all the activities that the Incubatee will undertake under this Contract in relation to its participation in the Quickers Incubation Program (QIP), including the preparation of the Mid Term Report, the Executive Summary, the Annual Performance Report and the Business Plan and all other obligations and deliverables to be made by the Incubatee under this Contract.
“Authorized signatory” or a “signer” is a person who's been given the right to sign documents on behalf of the authorizing organization
“Annual Performance Report” or “KPI’s” shall have the meaning set out in the Dashboard Panel of QIP where the main KPI is plotted.
“the incubator Plan” is the QIP step 3, called Business Plan
“Quickers Mentorship Program (QMP)” A mentor may share with a mentee (or protege) information about his or her own career path, as well as provide guidance, motivation, emotional support, and role modeling. A mentor may help with exploring the incubator opportunities, setting goals, developing contacts, and identifying resources.
“CCN” shall mean a contract change notice.
“Change Review Board” shall be a board consisting of a contractual and a technical representative of each Party established to discuss and agree upon the approval or rejection of a change proposal, and final CCN.
“Confidential Information” Information that is confidential is meant to be kept secret or private.
“Contract” shall mean an agreement between Quickers Incubator and the Incubator or Incubatee regulating the Activity.
“Consultancy Services” shall mean a report detailing all costs incurred in relation to the Activity, to be submitted by the Incubatee to the Incubator and Quickers.
“Deliverables” shall have the meaning set out through the QIP
“Disclosing Party” shall mean the Party disclosing Confidential Information.
“Final Report” shall mean the complete statement of the work undertaken by the Incubatee during the Contract Term, as further defined in QIP.
“Intellectual Property Rights” shall mean all rights in copyright, patents, know-how, Confidential Information, database rights, rights in trademarks and designs (whether registered or unregistered), applications for registration of any of the foregoing, and the right to apply for registration, and all other intellectual property rights and equivalent or similar forms of protection existing anywhere in the world.
“Receiving Party” shall mean the Party receiving Confidential Information.
“Statement of Non-Co-incubation” shall mean the statement from the Incubatee that his company shall not be incubated in or receive the support of any kind from any other incubator whatsoever for the duration of the Contract Term. Co-incubation will only be possible throughout Quickers and the Incubator registered in the Quickers platform.
“Third Party” shall mean any person or entity other than the Agency and the Parties to this Contract or their personnel.
Participation. The incubator will participate in the Program on the terms set out in this Participation Agreement. Quickers will advise the incubator of the start date for the Program. The length of Program participation will be determined by the parties and automatically renewed every year unless the parties decide not to continue the collaboration. It is the incubator's responsibility to ensure that all its own information is properly filled in the system under its profile and properly updated by an authorized signatory or a signer accordingly to the reality of facts and always in good faith.
Program Elements (features). The incubator access gives the users certain rights and elements managed in the feature areas described on www.quickers.com through the “INCUBATOR LOGIN”.
Engineering & Technology Agreement
The Engineering & Technology Agreement is an extra service that Incubators and Ventures can request with discounted prices. The purpose of these services is to help Startups and Incubators gain competitive supplier prices inside the system in order to optimize expenditures. This is a benefit that just Ventures and Incubators can get access to after successfully being approved by Quickers.
General Services Description The latest version of services can be found online here: https://quickers.com/services/en
Software Engineering Services. Here you will find the set of computer science activities dedicated to creating, designing, deploying, and supporting software development for complex processes. We help Startups (SMEs) and Corporations willing to embrace the Lean Startup Quickers approach.
Custom Software Development /
Web Application Development /
Mobile Application Development /
Cloud Consulting /
DevOps Automation /
Software Prototyping /
Software Quality Control & Certification
Business Administration Consultancy & Fintech. We help organizations to improve their performance. Dealing with sources of funding, the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to allocate finances are at the core of our activities. We maximize or increase shareholder value.
Program Services & Pricing
Program Services. Quickers will provide, in such manner as it believes appropriate, support services to the incubator while the incubator participates in the Program. The services might include those specified in the Pricing Area Online that are visible at www.quickers.com. These services may include, among other things and without limitation:
QIP Business Plan Certification. Quickers staff may assist the incubator in preparing the “QIP Business Plan” to help its ventures (startups) complete their Business Plans and get certified throughout our platform.
Technical Assistance. Quickers will provide the incubator with technical assistance. Technical assistance may entail one-on-one work between the incubator and an industry professional or member of Quickers staff to solve a specific problem. While technical assistance typically will be provided free of charge, Quickers may charge fees for certain services known as “consultancy services”. Quickers will advise the incubator of any such fees before the service is provided.
Mentorship. Quickers might provide the incubator with industry mentors when needed, who will be experienced industry professionals who can provide personal and professional assistance. Mentors offer a broad range of advice and support and will serve as a resource for the incubator and startups in the intangible areas of starting a new incubator. Most of the mentor relationships will be conducted over the phone, via video conference, or online through Quickers Mentorship Program (QMP). Quickers will not charge the incubator for mentorship.
Workshops. Quickers holds periodic workshops, sometimes in partnership with Universities, incubators or Corporations. Workshops consist of classes or field trips designed to address fundamental aspects of the incubator or startup operations and assist the incubator or startup in applying the lessons to its own operations. Workshops might be free of charge. However, Quickers might charge the incubator for workshops while the incubator is a participant in the Program if those workshops are not intended to be free of charge. Quickers will advise the incubator of any such fees before the service or invitation to assist is provided.
Pre-incubation Rates. There are no pre-incubation fees.
Incubation Rates. There are, based on the selected plan, fees that can be found under Pricing Plans in www.quickers.com.
University Freemium Plan. The University Freemium plan is free-of charge for any incubator that is linked to an officially recognized university. Althouh this option is free, the university incubator commits to certain activities to help building the community and the culture of Business Administration and to buy on behalf of its startups, a minimum of 1.500 Eur per quarter credits for consultancy services at a preferred and discounted price, according to the “Quickers Credit System”
Quickers Credit System (QCS) is a system to buy credits that can be exchanged inside quickers platform into specific Services such as, but not limited to: Legal Services, Accounting Services, Business Plan Consultancy, and more. For more information, refer to the Quickers Credit System (QCS) section inside www.quickers.com
Extra-services from Quickers. During pre-incubation, the incubator might require external services that might include - but are not limited to Accounting Services, Legal Services or IT Services to develop for example an APP, a software product, or any physical product; just in those specific cases, and prior to the incubator approval, Quickers might bill the incubator ’s use of the services at a reduced pre-incubation rate compared to market prices. In those cases, the the incubator might request external quotes and can ask for a discount from Quickers on the lowest quote received. Quickers might accept or not deliver the service.
Adjustments by Quickers. Program services are subject to periodic review by Quickers. Quickers may at its sole discretion modify, remove, increase, or make other changes to the services provided to the incubator or other participants in the Program.
Services After QIP Graduation. the incubator may continue to receive technical assistance and attend workshops at discounted rates for program graduates as set out in the Rules.
Pricing & Fees
Legal Fees. as per described in https://quickers.com/blogroll/venture-terms/en
Investment Fees. as per described in https://quickers.com/blogroll/success-fee/en
Equity Stake. For selected ventures participating in the program and previous to a mutual agreement with ventures and/or incubators, Quickers might request 1% to 15% Equity Stake under Partners Agreement in exchange for certain services from Quickers such as IT services.
Program Requirements. the incubator will participate in Program activities throughout one of the plans available in www.quickers.com. Many of the services Quickers provides are free-of-charge, however, we expect a commitment from every incubator to help the community and the Quickers Team to improve the experience of Business Administration. These activities include, without limitation:
Associated Professor Invitations for Quickers Managers: The incubator commits to collaborate with Quickers Managers to carry out professional activities at the university and spend a few hours teaching, through a temporary part-time dedication to help entrepreneurs, university students, and startups around the incubator area to better understand the culture of the business administration, fundraising mechanisms and responsibilities on debt and equity.
Goal Planning Meetings & Venture Area Updates. the incubator will meet with Quickers monthly to review its startup progresses against its pre-incubation or incubation plan, set goals and next steps, and connect with additional resources. These meetings are referred to as “Monthly Goal Planning Meetings” and might be registered in the Venture Area.
Global Incubation Meeting. Is a global meeting held by Universities and Incubators to share best practices, fundraising opportunities, and geographical or industry expansion opportunities on behalf of startups. The incubator will attend group meetings with other Program Participants, referred to as “Program Participant Meetings”. Unless otherwise approved by Quickers in its sole discretion, the incubator may miss one Global Incubator Meeting with no penalty. After a second missed meeting, the incubator will be required to provide Event Organization Infrastructure at its physical offices or campus for the following Global Incubator Meeting. After three missed meetings Quickers may put the incubator on probation. After a fourth missed meeting, Quickers may dismiss the incubator from the Program.
Financial Disclosure. the incubator will maintain good records of its Startup activities and make these records available to Quickers throughout the Venture Area: Dashboard, Application Form, General Info, the incubator Plan, My rounds, Team, Mentorship, Updates, Details, Gallery, Financials, Marketing, Operations, Investment room or Documentation. Every quarter end, the incubator will give Quickers customary evidence of the incubator startup's financial condition and ensure they upload the evidence in the Venture Documents area. Such evidence may include, without limitation, financial statements, bank records, and trade references. Upon request, the incubator will also furnish or authorize Quickers to obtain the incubator startup’s credit report from standard credit reporting agencies.
Facilities Agreement and Rules. the incubator will sign and comply with the provisions of the Facilities Agreement and the Rules of the specific Incubator or Quickers Venture digital area.
Recommended Activities. the incubator will make its best efforts to participate in any additional activities recommended by Quickers staff and industry advisors, including, for example, Quickers fundraising events, annual festivals, and Program Participant group dinners.
General Process Overview and Standardized in Quickers.com:
No Guarantees. the incubator acknowledges that Quickers has not made and is not making any representations, warranties, promises, or guarantees of any kind about the incubator’s success, including, without limitation, representations about the incubator sales or profits or public awareness of the incubator. The incubator has made its own independent the incubator evaluation in deciding to enter into this Participation Agreement and engage in the Startup industry the incubator.
Independent of the incubator. The incubator is and will be an independent enterprise. Nothing in this Participation Agreement creates an employment, partnership, joint venture, fiduciary, or similar relationship between the incubator and Quickers for any purpose. Neither the incubator nor its Associates will be entitled to or eligible for any benefits that Quickers makes available to its employees, including, without limitation, coverage under any Quickers medical, dental, liability, or other insurance policies.
Quickers shall use the same efforts to keep the incubator’s financial, strategic and growth plan information confidential as it uses in protecting its own private information.
Mutual Agreement. This Participation Agreement may be terminated by a written signature by both Quickers and the incubator which states their intent to terminate this Participation Agreement and the date upon which such termination will take effect.
Termination by the incubator. The incubator may terminate this Participation Agreement at any time. Such termination will be effective 30 days after delivery by the incubator to Quickers of a notice to that effect.
Termination of Facilities Agreement. This Participation Agreement will terminate if the incubator’s Facilities Agreement is terminated.
Termination on 30 days' Notice. Quickers will take the following steps if the incubator does not comply with this Participation Agreement. Quickers reserves the right to skip steps as it finds appropriate.
Warning. A violation of any of the terms of this Participation Agreement may result in a verbal or written warning. Quickers will document warnings in the incubator’s file. Quickers will provide the incubator with an opportunity to fix the violation. Quickers may also require the incubator to take any other curative actions or pay any fines that Quickers, in its sole discretion deems necessary.
Failure to Cure. If the incubator does not fix the violation, fails to take curative action required by Quickers, or commits a further violation of this Participation Agreement, Quickers may notify the incubator that continued failure to cure within a reasonable time period may result in termination of this Participation Agreement.
Termination. If after taking steps (a) and (b), Quickers deems that the incubator has failed to cure any violation or violations, Quickers may, at its discretion, terminate this Participation Agreement. Such termination will be effective 30 days after delivery by Quickers to the incubator of a notice to that effect.
Grievance Procedure. If this Participation Agreement is terminated by Quickers, the incubator may submit to the Program Director a written petition requesting to enter into a new agreement. The incubator must submit the request within 48 hours of termination. Quickers may choose to accept or reject the request at their sole discretion. If the incubator believes it has been unfairly treated by Quickers staff, the incubator should discuss this matter with the Program Director.
Cumulative Remedies. All Quickers’ rights, powers, and remedies under this Participation Agreement are cumulative and not alternative and will be in addition to all rights, powers, and remedies given to Quickers at law or in equity. The exercise of one or more of these rights or remedies will not impair Quicker’s right to exercise any other right or remedy.
Entire Agreement; Amendment. This Participation Agreement, together with the Facilities Agreement and the Rules, is the entire agreement between the incubator and Quickers and supersedes prior or contemporaneous written and oral agreements, negotiations, correspondence, course of dealing, and communications between the incubator and Quickers relating to the same subject matter. Quickers rejects any term or condition in any letter, e-mail, or other documents which conflicts with or adds to this Participation Agreement. This Participation Agreement may be amended only as stated in a writing signed by both the incubator and Quickers which recites that it is an amendment to this agreement.
Severability. If any provision in this Participation Agreement is held invalid or unenforceable, the other provisions will remain enforceable, and the invalid or unenforceable provision will be considered modified so that it is valid and enforceable to the maximum extent permitted by law.
Assignment. the incubator may not assign its rights or delegate its duties under this Participation Agreement to anyone else without the prior written consent of Quickers.
Waiver. Any waiver under this Participation Agreement must be in writing and signed by the party granting the waiver. Waiver of any breach or provision of this Participation Agreement will not be considered a waiver of any later breach or of the right to enforce any provision of this Participation Agreement.
No Third-Party Beneficiaries. This Participation Agreement is for the exclusive benefit of the incubator and Quickers and not for the benefit of any third party including, without limitation, any employee, affiliate, or vendor of the incubator or Quickers.
Notices. Notices and consents under this Participation Agreement must be in writing and delivered by quickers.com SaaS, e-mail, courier, or fax to the addresses registered in the Incubators Team Section. These addresses may be changed by written notice to the other party. Notices given in the manner provided by this Section 6.6 will be considered given two the incubator days after deposit in the mail, or the first the incubator day after delivery to a courier or delivery by fax.
Governing Law. This Participation Agreement is governed by Spanish law. the incubator consents to the exclusive jurisdiction of the Comunidad Valenciana and the courts of Alicante.
Counterparts. This Participation Agreement may be executed in one or more counterparts, each of which will be deemed an original and all of which will be taken together and deemed to be one instrument. Transmission by Quickers Website (online through the incubator Venture Account) or PDF of executed counterparts constitutes effective delivery.