IDEA DRIVE

Official Rules & Terms & Conditions

NO PURCHASE NECESSARY TO ENTER OR WIN

The IDEA DRIVE™ Contest (“Contest”) is sponsored and administered by Elevisi (“Sponsor”). By submitting an entry, all participants (“Entrants”) agree to comply with and be bound by these Official Rules and all applicable federal, state, and local laws and regulations.

1. ELIGIBILITY

The Contest is open to legal residents of the fifty (50) United States and the District of Columbia who are at least eighteen (18) years old at the time of entry.

Void where prohibited or restricted by law.

Employees, contractors, officers, directors, agents, representatives, immediate family members, and household members of Sponsor or affiliated entities may be ineligible to participate or receive awards, at Sponsor’s discretion.

2. CONTEST DESCRIPTION

IDEA DRIVE is a promotional idea-submission competition intended to identify promising new business, product, service, venture, technology, invention, or market ideas submitted by the public.

The Contest is a skill-based promotional competition and is not a lottery or game of chance.

Entries may be submitted from any lawful industry or market sector.

3. ENTRY PERIOD

The submission period begins upon public announcement of the Contest and ends at 11:59 PM Central Time on July 31, 2026 (“Entry Deadline”).

Weekly finalists may be announced throughout the submission period.

Final rounds and public voting phases may occur in August and September 2026 or later at Sponsor’s discretion.

Sponsor reserves the right to extend, shorten, suspend, or modify any Contest timeline.

4. HOW TO ENTER

To enter:

Visit Elevisi.com
Complete the official submission process
Submit your original business, product, invention, or venture idea before the Entry Deadline

Limit: One (1) primary submission per person unless otherwise authorized by Sponsor.

Incomplete, fraudulent, misleading, automated, or duplicate submissions may be disqualified.

No purchase or payment is required to enter or participate.

5. ENTRY REQUIREMENTS

All submitted ideas must:

Be original or lawfully owned by Entrant
Not knowingly infringe upon any patent, copyright, trademark, trade secret, or intellectual property rights of others
Not contain unlawful, defamatory, obscene, threatening, discriminatory, or offensive content
Not promote illegal activities
Comply with all applicable laws and regulations

Entrants are solely responsible for the content and legality of their submissions.

Sponsor is not responsible for protecting confidential information submitted through the Contest.

Entrants should not submit trade secrets or confidential information unless they are willing to disclose such information for evaluation purposes.

6. Intellectual property & IDEA SUBMISSIONS

By submitting an entry, Entrant acknowledges and agrees:

Submission of an idea does not create a confidential relationship between Entrant and Sponsor
Sponsor may already be independently developing or evaluating similar ideas
Entrant retains ownership of their original intellectual property unless rights are later transferred through a separate written agreement
Submission alone does not guarantee compensation, partnership, licensing, investment, employment, or purchase

If Sponsor wishes to purchase, license, invest in, or otherwise acquire rights to an idea, such arrangement shall occur only through a separate negotiated written agreement.

Any stated “offer amounts” are potential offer opportunities only and are not guaranteed prizes automatically awarded upon submission or selection.

7. JUDGING CRITERIA

Entries may be evaluated using criteria including but not limited to:

Originality
Innovation
Commercial potential
Scalability
Market relevance
Feasibility
Consumer appeal
Presentation quality
Community engagement or voting results

Sponsor reserves sole discretion regarding evaluation methods and scoring.

8. WEEKLY FINALISTS & COMMUNITY VOTING

Sponsor may announce up to three (3) finalists each week.

At the end of each month, eligible community voting may determine monthly finalists who advance to later rounds.

Sponsor reserves the right to:

Verify finalist eligibility
Remove fraudulent votes
Audit voting activity
Disqualify manipulation attempts
Modify voting procedures if integrity concerns arise

Sponsor’s decisions regarding finalists, voting results, and advancement are final.

9. FINAL ROUND

Finalists advancing to the September final round may be asked to:

Participate in interviews
Provide additional documentation
Demonstrate proof of concept
Present their ideas publicly or privately
Verify ownership or development rights

Failure to comply may result in disqualification.

10. OFFERS, AWARDS & COMPENSATION

The Contest may include up to $300,000 in potential offer opportunities, including illustrative amounts such as:

Third Place Opportunity: Up to $50,000
Second Place Opportunity: Up to $100,000
First Place Opportunity: Up to $150,000

These amounts represent potential negotiated offer values and are not guaranteed cash prizes automatically payable upon winning.

Any acquisition, licensing, consulting, investment, partnership, or compensation arrangement shall be subject to:

Due diligence
Independent review
Negotiation
Written contractual agreement
Applicable tax reporting requirements

Sponsor reserves the right not to enter into any transaction with any Entrant.

11. TAXES

Entrants are solely responsible for any federal, state, or local taxes arising from any compensation, award, payment, licensing agreement, or financial transaction associated with the Contest.

Sponsor may issue IRS Form 1099 or other required tax documentation where applicable.

12. PUBLICITY RELEASE

Except where prohibited by law, participation constitutes Entrant’s consent for Sponsor to use Entrant’s:

Name
City and state
Photograph
Voice
Likeness
Submission details
Statements

for promotional, advertising, publicity, editorial, and marketing purposes in any media worldwide without additional compensation.

13. DISQUALIFICATION

Sponsor reserves the right to disqualify any participant who:

Violates these Rules
Provides false information
Attempts to manipulate voting
Uses bots or automated systems
Harasses participants
Engages in fraud or misconduct
Violates laws or third-party rights

Sponsor’s determinations are final and binding.

14. LIMITATION OF LIABILITY

By participating, Entrants release and hold harmless Sponsor and its affiliates, owners, officers, employees, contractors, partners, agents, successors, and assigns from any claims, damages, losses, liabilities, costs, or expenses arising from:

Participation in the Contest
Use or misuse of submitted ideas
Technical failures
Unauthorized access
Intellectual property disputes
Public voting outcomes
Award negotiations
Contest cancellation or modification

Sponsor makes no warranties regarding Contest operation or outcomes.

15. INTERNET & TECHNICAL ISSUES

Sponsor is not responsible for:

Website outages
Server failures
Internet disruptions
Corrupted submissions
Lost data
Delayed transmissions
Unauthorized access
Technical malfunctions

Proof of submission is not proof of receipt.

16. RIGHT TO CANCEL OR MODIFY

Sponsor reserves the right to cancel, suspend, modify, or terminate the Contest at any time for any reason including fraud, technical failure, legal compliance, force majeure events, or operational concerns.

17. GOVERNING LAW

The Contest shall be governed by the laws of the State of Minnesota without regard to conflict-of-law principles.

Any disputes shall be resolved exclusively in state or federal courts located in Minnesota.

Entrants waive the right to participate in class-action litigation against Sponsor.

18. ARBITRATION

At Sponsor’s discretion, disputes may be resolved through binding arbitration pursuant to applicable arbitration rules and Minnesota law.

19. PRIVACY

Information submitted through the Contest may be collected, stored, and used in accordance with Sponsor’s Privacy Policy available at:

Elevisi Privacy Information

20. NO GUARANTEE OF BUSINESS RELATIONSHIP

Participation in the Contest does not create any:

Employment relationship
Partnership
Joint venture
Fiduciary relationship
Investment obligation
Agency relationship

between Entrant and Sponsor.

21. WINNER VERIFICATION

Potential finalists or winners may be required to provide:

Government-issued identification
Proof of residency
Eligibility documentation
Affidavits
Tax forms
Intellectual property verification

Failure to provide requested materials may result in disqualification.

22. SEVERABILITY

If any provision of these Rules is deemed invalid or unenforceable, the remaining provisions shall remain in full force and effect.

23. ACCEPTANCE OF RULES

By entering the Contest, Entrants acknowledge that they have read, understood, and agreed to these Official Rules and all decisions made by Sponsor.