Speed2Seed Terms and Conditions for Founders

Last Updated: February 2026

Welcome to Speed2Seed! Before you apply to our accelerator programme, please read these Terms and Conditions carefully. By submitting your application, you acknowledge that you have read, understood, and agree to be bound by these terms.

1. About Speed2Seed

Speed2Seed is a 14-week startup accelerator programme operated by Xamun.AI ("we", "us", "Xamun", or "Speed2Seed"). We support HealthTech and FinTech founders in validating their ideas and building their Version 1 products through systematic customer discovery and access to technical execution resources.

Our mission is to provide a founder-friendly accelerator experience that prioritises your success whilst maintaining complete respect for your equity and intellectual property.

2. Eligibility and Application

2.1 Who Can Apply

You may apply to Speed2Seed if you:

• Are at least 18 years of age

• Have the legal right to work in the programme location

• Are a founder or co-founder of an early-stage startup, or are prepared to establish one

• Can commit to the full 14-week programme duration and mandatory attendance requirements

• Have a HealthTech or FinTech concept suitable for standard web/mobile technologies (not deep-tech requiring novel algorithms or hardware)

• Possess deep domain expertise (typically 3+ years of relevant industry experience)

• Are willing to participate in systematic customer validation and fundraising activities

2.2 Co-Founders

Solo founders are welcome to apply. You do not need a co-founder to participate in Speed2Seed, provided you have the bandwidth to fulfil all programme commitments independently.

2.3 Technical Skills

No technical skills or coding experience are required. Speed2Seed is specifically designed for industry practitioners without technical backgrounds. Your expertise should be in understanding the problem deeply and validating with customers.

2.4 Application Process

When you submit your application, you grant us permission to:

• Review and evaluate your application materials

• Contact you regarding your application status

• Share your pitch deck and business information with our selection committee

• If accepted, share your materials with programme mentors, investors, and partners as part of the programme activities

• Use anonymised, aggregated data from applications for programme improvement and research

We reserve the right to accept or decline applications at our sole discretion. We do not guarantee that every application will receive detailed feedback, though we endeavour to communicate decisions promptly.

3. Programme Fees and Equity

3.1 Zero Programme Fees

Speed2Seed charges no joining fees, participation fees, or programme fees of any kind. Participation in the 14-week accelerator programme is completely free of charge.

3.2 Zero Equity to Speed2Seed

Speed2Seed takes zero equity in your company. You retain 100% ownership of your startup minus any equity you choose to grant to mentors (as described below). We do not take equity stakes, ownership positions, or revenue shares from participating startups.

3.3 Mentor Equity

Mentors in the Speed2Seed programme typically receive equity compensation for their advisory services through separate FAST (Founder/Advisor Standard Template) agreements between you and individual mentors. This is standard in the startup ecosystem.

Key points about mentor equity:

• Typical mentor equity is 0.5% per mentor

• Most founders work with 1-2 mentors, resulting in 0.5%-1% total mentor equity

• These are separate agreements between you and your chosen mentors—Speed2Seed is not party to these agreements

• You are not obligated to offer equity to any mentor

• Mentors are not obligated to accept equity offers

• Equity arrangements are subject to the terms of your individual FAST agreements

3.4 What You Retain

You retain:

• 100% ownership minus mentor equity (typically 99%-99.5% after mentor agreements)

• Full intellectual property rights to your business, technology, and brand

• All future upside and control of your company

• Complete autonomy in business decisions

4. Programme Structure and Commitments

4.1 Programme Duration

The Speed2Seed programme runs for 14 consecutive weeks. If accepted, you agree to:

• Attend all mandatory programme sessions, workshops, and bootcamp days

• Participate in Days 1-2 intensive bootcamp

• Attend bi-monthly full-day in-person sessions throughout the programme

• Participate in both Angel Demo Day (Week 2) and Seed Demo Day (Week 14)

• Complete required customer discovery interviews and validation milestones (minimum 50 customer interviews during Weeks 1-2)

• Provide honest progress updates and feedback throughout the programme

• Work collaboratively with selected mentors and the Speed2Seed team

4.2 Time Commitment

Speed2Seed requires substantial time commitment:

• Weeks 1-2: 60-80 hours per week (intensive customer discovery and validation)

• Weeks 3-11: 20-30 hours per week minimum

• Weeks 12-14: 40-60 hours per week (fundraising preparation and Demo Days)

Whilst some founders maintain part-time employment during portions of the programme, we strongly recommend full-time commitment, particularly during Weeks 1-2 and Weeks 12-14.

4.3 Location and Attendance

You must:

• Attend mandatory in-person sessions in the cohort city (initially Manila)

• Be available for local customer interviews, particularly during Weeks 1-2

• Participate in in-person Demo Days

Fully remote participation is not currently supported. Temporary relocation for the 14-week duration is acceptable if you can meet all attendance requirements.

4.4 Code of Conduct

All participants must adhere to Speed2Seed's Code of Conduct, which includes:

• Treating all participants, mentors, investors, and partners with respect and professionalism

• Communicating honestly and transparently

• Collaborating constructively within the cohort

• Maintaining confidentiality where appropriate

• Avoiding conflicts of interest that could harm other participants or the programme

• Complying with all applicable laws and regulations

Violations of the Code of Conduct may result in removal from the programme.

5. Xamun.AI Platform Access

5.1 DesignStudio Access (Free)

During the programme, accepted founders receive complimentary access to Xamun.AI's DesignStudio for creating prototypes and validating concepts. This access includes:

• Use of DesignStudio tools for prototype creation

• Technical resources for validation purposes

• Support during the customer discovery phase

DesignStudio access is provided free of charge during your participation in Speed2Seed and does not obligate you to use Xamun.AI services after the programme.

5.2 xDD Development Services (Required, Paid)

After securing angel funding (typically at Week 2), you are required to engage Xamun.AI's xDD (Xamun Dedicated Developer) service for building your Version 1 product. xDD is not included in the programme at no cost and represents a core component of Speed2Seed's systematic approach to technical execution.

Key points about xDD:

• xDD is a separate, paid service wherein a partner development team uses the Xamun.AI platform (BuildStudio) to build your software

• Engagement with xDD requires a separate commercial agreement between you and Xamun.AI

• Development fees are paid from angel funding you secure (not from personal funds or Speed2Seed)

• Use of xDD is mandatory for programme participants who secure funding—this ensures technical de-risking and systematic execution

• Specific terms, pricing, deliverables, and timelines will be outlined in your separate xDD services agreement

• If you do not secure angel funding at Week 2, alternative arrangements may be discussed with programme directors

5.3 Intellectual Property Ownership

Regardless of whether you use DesignStudio or xDD services:

• You retain 100% ownership of all intellectual property created

• All software, code, designs, and business assets belong entirely to you

• Xamun.AI does not retain any rights, licences, or claims to your IP

• Your code is portable and not subject to platform lock-in

6. Mentor Relationships

6.1 Mentor Selection Process

Mentors are not assigned to startups by Speed2Seed. On Day 2 of the programme, after meeting all available mentors, you will select your mentor(s) based on mutual interest and fit.

The selection process ensures:

• Founder choice and autonomy in mentor relationships

• Mutual compatibility and alignment

• Good working relationships based on shared goals

6.2 Mentor Role and Compensation

Selected mentors provide guidance on:

• Customer discovery and validation methodologies

• Product-market fit development

• Early sales and business development

• Strategic decision-making

• Fundraising preparation

Mentors typically receive equity through separate FAST agreements (as described in Section 3.3). These arrangements are entirely between you and individual mentors—Speed2Seed is not party to these agreements and does not manage or enforce them.

6.3 Mentor Equity and Obligations

• You are not obligated to offer equity to any mentor

• Mentors are not obligated to accept equity offers

• Mentor equity (typically 0.5% per mentor) is subject to FAST agreement vesting terms

• Mentors' equity remains intact after Week 14 regardless of ongoing involvement

• You may establish separate advisory arrangements after the programme concludes

6.4 Mentor Relationship Changes

If your relationship with a mentor is not working well:

• We encourage open communication early

• Both parties may end the arrangement by mutual agreement

• Equity is prorated based on time completed per your FAST agreement terms

• The Speed2Seed team will help you find alternative support where possible

7. Fundraising and Investment Opportunities

7.1 Demo Days

Speed2Seed facilitates two Demo Days:

• Angel Demo Day (Week 2): Pre-seed funding opportunities, typical range $50K-$200K

• Seed Demo Day (Week 14): Seed funding opportunities, typical range $500K-$3M

7.2 No Guaranteed Investment

Whilst Speed2Seed facilitates introductions to angel investors and venture capital firms:

• We do not guarantee any investment outcomes

• All investment decisions are made independently by investors based on their own criteria

• Investment terms are negotiated directly between you and investors

• Speed2Seed is not responsible for investment outcomes or the success of fundraising efforts

Historically, 70-85% of Speed2Seed participants successfully raise angel funding at Week 2, but past performance does not guarantee future results.

7.3 If Angel Funding Is Not Secured

If you do not secure angel funding at Week 2, you have several options:

• Self-fund development: Pay xDD fees directly if you have personal capital

• Alternative angel sources: Continue pitching to angels outside the programme network

• Adjust scope: Build a smaller Version 1 within budget constraints

• Pause and fundraise: Take additional time to secure funding before continuing development

You may continue participating in the programme using alternative funding sources. Programme directors will work with you to develop contingency plans.

7.4 Pro-Rata Rights and Investor Terms

Early investors (Angel Demo Day) typically receive pro-rata rights and preferential terms at Seed Demo Day. However, all investment terms are negotiated between you and your investors—Speed2Seed does not control or dictate investment terms.

8. Intellectual Property Ownership

8.1 Your IP Belongs to You

You retain complete ownership of all intellectual property, including:

• Your business idea, concepts, and strategy

• All software, code, and technology developed (whether built using Xamun.AI platforms or other means)

• Your brand, trademarks, logos, and marketing materials

• All customer relationships, data, and business assets

• Any work, content, or materials you create during the programme

8.2 Speed2Seed's Limited Use Rights

By participating in the programme, you grant Speed2Seed a non-exclusive, royalty-free licence to:

• Use your company name and logo in promotional materials, case studies, and programme marketing

• Display your founder name, photo/headshot, and profile on the Speed2Seed website

• List your startup in cohort rosters and programme directories (e.g., "Manila HealthTech Cohort 1")

• Reference your participation in Speed2Seed in public communications

• Feature your success stories (with your permission) in testimonials and programme documentation

• Include your startup in programme reports and impact assessments

You may revoke these limited licences by providing written notice, though historical uses will remain.

8.3 Confidentiality Considerations

Whilst we treat sensitive business information with care:

• Programme sessions involve other founders, mentors, and partners

• Demo Days are open to investors and programme partners

• The collaborative accelerator environment does not guarantee absolute confidentiality

• You should avoid sharing information you are not comfortable having others in the programme ecosystem know

We recommend that you:

• Use appropriate NDAs when sharing highly sensitive information with specific parties

• Exercise discretion about what proprietary information you disclose in group settings

• Protect trade secrets and confidential data appropriately

9. Programme Validation and Pivoting

9.1 Validation Purpose

Weeks 1-2 focus on systematic customer validation designed to test whether your problem is worth solving. Non-validation during this phase is considered a success, not a failure, as it prevents wasting months building the wrong solution.

9.2 If Your Idea Does Not Validate

If customer interviews and validation activities indicate your problem does not warrant a venture-scale solution:

• Pivot: You may use the remaining programme time to test a different problem within the same domain

• Graceful exit: You may exit the programme having learned valuable insights before significant time and capital investment

Evidence of non-validation may include:

• Fewer than 30% of interviewees confirming problem severity

• Absence of early evangelists willing to commit to a solution

• Existing workarounds that are "good enough" for the target market

• Lack of willingness to pay for a solution

9.3 Programme Continuation

Most founders do successfully validate their concepts (hence the 70-85% angel funding success rate). If you pivot or discover fundamental issues, programme directors will work with you to determine the best path forward.

10. Data Protection and Privacy

10.1 Personal Data Collection

Speed2Seed collects and processes personal data in accordance with applicable data protection laws, including the UK General Data Protection Regulation (UK GDPR) where applicable.

Data we collect includes:

• Application information (name, contact details, business concept, background)

• Programme participation data (attendance, progress, milestones)

• Communication records (emails, feedback, meeting notes)

• Financial information related to fundraising outcomes (for programme reporting)

10.2 How We Use Your Data

Your personal data is used to:

• Process and evaluate your application

• Administer the programme and provide support services

• Facilitate introductions to mentors, investors, and partners

• Communicate programme updates and relevant opportunities

• Produce anonymised programme reports and impact assessments

• Improve programme quality and effectiveness

10.3 Data Sharing

We may share your data with:

• Programme mentors, investors, and partners as necessary for programme activities

• Service providers who assist with programme operations (under appropriate confidentiality obligations)

• Legal authorities if required by law

We do not sell your personal data to third parties.

10.4 Your Data Rights

You have the right to:

• Access your personal data

• Request correction of inaccurate data

• Request deletion of your data (subject to legal retention requirements)

• Object to certain data processing activities

• Withdraw consent where processing is based on consent

To exercise these rights, contact us at [email protected].

10.5 Data Retention

We retain personal data for as long as necessary to fulfil programme purposes and comply with legal obligations. After programme completion, we maintain alumni records for ongoing ecosystem support, but you may request removal at any time.

11. Programme Changes and Termination

11.1 Programme Modifications

Speed2Seed reserves the right to:

• Modify programme schedules, content, curriculum, or structure with reasonable notice to participants

• Adjust mentor assignments or support resources based on availability

• Change venue locations or event formats due to circumstances beyond our control

• Update programme policies or procedures as necessary for programme improvement

Material changes will be communicated promptly to all participants.

11.2 Programme Cancellation

Speed2Seed may cancel or postpone a cohort due to:

• Insufficient participant applications

• Unavailability of essential programme resources (venue, mentors, partners)

• Force majeure events (natural disasters, pandemics, government restrictions)

• Other circumstances beyond our reasonable control

If we cancel the programme before it starts, you will receive prompt notice and any application fees will be refunded (though there are no application fees for Speed2Seed).

11.3 Participant Removal

In the unlikely event that a participant's behaviour or actions are incompatible with the programme, Speed2Seed may remove participants from the programme for:

• Violation of these Terms and Conditions

• Breach of the Code of Conduct

• Failure to meet programme attendance or participation requirements

• Fraudulent or misleading application materials

• Behaviour that harms other participants, the programme reputation, or ecosystem partners

Removal Process:

1. Speed2Seed will notify you via email at your registered address

2. Removal is effective immediately upon notification

3. Your name, photo, and startup information will be removed from all programme listings, promotional materials, and the website within 5 working days

4. You must cease using Speed2Seed affiliation in any marketing or communications

Consequences of Removal:

• Immediate loss of access to all programme resources and support

• Forfeiture of any remaining programme benefits (Demo Day participation, mentor access, etc.)

• You retain all intellectual property ownership

• Any equity arrangements already established with mentors remain subject to FAST agreement terms

• You may not reapply to future Speed2Seed cohorts

These provisions exist to protect the integrity of the programme and the interests of all participants. Removal decisions are made at Speed2Seed's sole discretion and are final.

11.4 Voluntary Withdrawal

If you need to withdraw from the programme, you may do so at any time by following this process:

Withdrawal Process:

1. Send written notice to [email protected] stating your intention to withdraw

2. Withdrawal becomes effective 5 working days after we receive your notice

3. During this 5-day period, we will remove your name and information from programme listings, promotional materials, and the website

4. Coordinate with your mentor(s) regarding equity arrangements (subject to your FAST agreement terms)

5. Complete any outstanding obligations or return programme resources as requested

What Happens After Withdrawal:

• You will no longer have access to programme resources or support

• Any equity granted to mentors remains subject to your FAST agreement terms

• Historical references to your participation (e.g., past cohort lists, published case studies) may remain

• You retain all intellectual property developed during your participation

We understand that life circumstances change and will work with you to ensure a smooth transition.

12. Warranties and Representations

12.1 Your Warranties

By participating in Speed2Seed, you warrant and represent that:

• All information provided in your application and during the programme is accurate, truthful, and complete

• You have the authority to represent your startup and bind it to these Terms

• Your business concept, technology, and materials do not infringe on any third party's intellectual property rights

• You will comply with all applicable laws, regulations, and industry standards in operating your business

• You have disclosed any potential conflicts of interest or legal issues that could affect your participation

• You are not subject to any agreements or obligations that would prevent you from participating fully in the programme

12.2 Speed2Seed Disclaimers

Speed2Seed provides the programme "as is" and "as available." Whilst we strive to deliver a high-quality experience, we make no warranties or guarantees regarding:

• Securing investment from angels or VCs

• The commercial success or viability of your startup

• The quality, reliability, or suitability of mentor advice

• The exact delivery of all planned programme elements

• Outcomes from customer validation or product development

• The performance of Xamun.AI platforms or third-party services

• Specific results, revenue, or growth metrics

No Guarantee of Success: Startups are inherently risky ventures. Speed2Seed cannot and does not guarantee that your startup will succeed, raise capital, achieve product-market fit, or generate revenue. Past performance of programme alumni does not predict future results.

13. Limitation of Liability

13.1 Liability Limitations

To the fullest extent permitted by applicable law:

• Speed2Seed, Xamun.AI, and our respective directors, officers, employees, mentors, partners, and affiliates shall not be liable for any indirect, consequential, incidental, special, or punitive damages arising from or related to your participation in the programme

• This includes (but is not limited to) loss of profits, revenue, business opportunities, data, goodwill, or reputation

• Our total aggregate liability for any claims arising from the programme is limited to the total fees you paid to Speed2Seed (which is zero)

13.2 Exceptions

Nothing in these Terms limits or excludes liability for:

• Death or personal injury caused by negligence

• Fraud or fraudulent misrepresentation

• Any other liability that cannot be lawfully limited or excluded

13.3 Third-Party Services

Speed2Seed is not responsible for:

• Services provided by mentors, investors, partners, or other third parties

• The quality, accuracy, or outcomes of third-party advice or services

• xDD development services provided under separate agreement with Xamun.AI

• Actions or omissions of programme partners or venue providers

You acknowledge that interactions with third parties are at your own risk.

14. Indemnification

You agree to indemnify, defend, and hold harmless Speed2Seed, Xamun.AI, and our respective directors, officers, employees, mentors, partners, and affiliates from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising from or related to:

• Your breach of these Terms and Conditions

• Your violation of any law, regulation, or third-party rights

• Your business operations, products, or services

• Any negligent or wrongful acts or omissions by you or your team

• Disputes between you and mentors, investors, or other participants

• Your infringement of third-party intellectual property rights

This indemnification obligation survives termination of your participation in the programme.

15. Governing Law and Dispute Resolution

15.1 Governing Law

These Terms and Conditions are governed by and construed in accordance with the laws of England and Wales, without regard to conflict of law principles.

15.2 Jurisdiction

Any disputes, claims, or controversies arising from or relating to these Terms or your participation in Speed2Seed shall be subject to the exclusive jurisdiction of the courts of England and Wales.

15.3 Informal Resolution

Before initiating formal proceedings, we encourage you to contact us at [email protected] to attempt to resolve any disputes informally. Many concerns can be addressed through open communication.

16. General Provisions

16.1 Entire Agreement

These Terms and Conditions, together with any separate agreements you enter into (such as xDD services agreements or FAST agreements with mentors), constitute the entire agreement between you and Speed2Seed regarding your participation in the programme and supersede all prior or contemporaneous communications, agreements, or understandings.

16.2 Severability

If any provision of these Terms is found to be invalid, illegal, or unenforceable by a court of competent jurisdiction, the remaining provisions shall remain in full force and effect. The invalid provision shall be modified to the minimum extent necessary to make it valid and enforceable.

16.3 Waiver

Our failure to enforce any right or provision of these Terms does not constitute a waiver of that right or provision. Any waiver must be in writing and signed by an authorised representative of Speed2Seed.

16.4 Assignment

You may not transfer, assign, or delegate your rights or obligations under these Terms without our prior written consent. Speed2Seed may assign these Terms in connection with a merger, acquisition, corporate reorganisation, or sale of assets.

16.5 No Partnership or Agency

Nothing in these Terms creates a partnership, joint venture, employment, or agency relationship between you and Speed2Seed. You are an independent participant in the programme and not an employee, agent, or representative of Speed2Seed or Xamun.AI.

16.6 Survival

Provisions that by their nature should survive termination (including intellectual property ownership, liability limitations, indemnification, and governing law) shall survive the completion or termination of your programme participation.

16.7 Force Majeure

Speed2Seed is not liable for any failure or delay in performance due to circumstances beyond our reasonable control, including (but not limited to) acts of God, natural disasters, pandemics, war, terrorism, government actions, labour disputes, or failures of internet or telecommunications infrastructure.

17. Amendments to These Terms

17.1 Updates

Speed2Seed reserves the right to update or modify these Terms and Conditions at any time. Changes may be necessary due to:

• Legal or regulatory requirements

• Programme improvements or expansions

• Changes in operational practices

• Feedback from participants and stakeholders

17.2 Notice of Changes

If we make material changes to these Terms:

• We will notify applicants and current participants via email and/or through the Speed2Seed website

• Continued participation after the effective date of changes constitutes acceptance of the updated Terms

• If you do not agree to the changes, you may withdraw from the programme

Minor or administrative changes may be made without specific notice, so we encourage you to review these Terms periodically.

18. Contact Information

If you have questions, concerns, or feedback about these Terms and Conditions or the Speed2Seed programme, please contact us:

Email: [email protected]
Website: www.speed2seed.com

For urgent matters during the programme, contact your programme director directly.

19. Acknowledgement and Acceptance

By submitting your application to Speed2Seed, you acknowledge and agree that:

1. You have read and understood these Terms and Conditions in their entirety

2. You have had the opportunity to seek independent legal advice if desired

3. You agree to be bound by these Terms and Conditions

4. You understand that Speed2Seed takes no equity and charges no fees

5. You understand the time commitments, attendance requirements, and programme structure

6. You understand that mentor equity arrangements are separate agreements between you and individual mentors

7. You understand that xDD development services require a separate paid services agreement

8. You understand that investment outcomes are not guaranteed

9. You retain full ownership of your intellectual property

10. You accept the limitations of liability and disclaimers outlined herein

If you do not agree to these Terms and Conditions, please do not submit an application or participate in Speed2Seed.

Ready to Join Speed2Seed?

We're excited to support your entrepreneurial journey! Speed2Seed exists to help HealthTech and FinTech founders like you validate brilliant ideas, build exceptional products, and secure the funding you need to scale.

If you're ready to commit 14 weeks to transforming your vision into reality—with zero fees, zero equity taken, and 100% respect for your ownership—we'd love to review your application.

Apply now at: www.speed2seed.com

Speed2Seed is operated by Xamun.AI. These Terms and Conditions are effective as of February 2026 and apply to all cohorts launched from this date forward.