egg Accelerator participants can enjoy all the benefits, services, and infrastructure offered during the Grow phase in order to acquire important skills and capacities that will enable them to face the challenges on the road towards business creation, growth and success.
At the same time, the participants in the egg Accelerator are committed to comply with the terms and provisions of the Standing Call for the Expression of Interest, as well as the detailed terms of the egg Accelerator participation covenant that they will be asked to sign if they qualify to the Grow phase. These include the following key commitments the participants are required to accept:
- Acting in good manners and in line with commonly accepted rules of social and professional behaviour, applying due diligence and professional conduct when using the egg infrastructures and services.
- Paying a monthly participation fee, amounting to forty-five euros (€45.00) including VAT for the duration of the GROW phase. If they wish, they can optionally be installed in egg Infrastructure (either for use as a main office or as a branch office or as a subsidiary office) amounting to ninety euros (€90.00) per month (rental fee) for each distinct workplace that the team will occupy in the context of its establishment in the egg building. This amount will be used for the further strengthening of the benefits of egg Accelerator to its participants (e.g., extroversion actions, networking, etc.).
- Paying a symbolic success fee of four point seventy-five percent (4,75%) on any funding achieved if, during their participation in egg Accelerator, they secure financing in the form of investment capital for their business plan. Any amount paid by the participants will be again used to further strengthen the benefits of the egg Accelerator to its participants (e.g., extroversion actions, networking, etc.).
- Referencing in each promotion and dissemination action (assuming that such communication activities are under their control) in relation to their business plan with which they got accepted in the egg Accelerator that they were supported in the development of their business plan by the egg.