The Venture Client or corporate partners will provide each of the selected startups with the opportunity to develop a real Smart Industry project. During this phase, meetings will be held between the finalist startups and the interested Venture Client companies in order to define the scope of the project and sign a collaboration agreement or contract. In order to simplify the legal terms of the agreement, the BIND program will provide a standard contract template. However, both parties will be free to draft other clauses in the contract. Startups will have the legal support of the Program to formalize the agreement.
Although the final amount and conditions of the possible contract between the Venture Client company and the startup will be agreed by both parties depending on the scope and complexity of the project, the program establishes an indicative minimum value of 25,000 euros (VAT not included).