Privacy Policy

Effective November 20, 2022

We have written this policy to explain how Venturebright Limited ("we", "us", “Venturebright”) uses data and the data you give us through our site(s), including but not limited to www.venturebright.com.

By providing personal information you are deemed to consent to your personal information being shared outside Venturebright in the following circumstances:

• where Venturebright needs to share your information to provide the service you have requested.
• where Venturebright needs to send the information to third parties who work on behalf of Venturebright to provide a service to you. We will only provide the information they need to deliver the service, and they are prohibited from using that information for any other purpose.
• where Venturebright wants to keep you up to date on the latest service announcements, updates or other Venturebright information
• where you have given us permission to share your information with third parties

Venturebright will also disclose your personal information if required to do so by law in urgent circumstances, to protect personal safety, the public or our website.

Additionally, it is important to remember the people you share with can always share your information with others and if you do actions on Venturebright.com like making an application, the data you provide may be shared with third parties as required to fulfil your request. Also consider that if you choose to enable us to publish on your behalf to a third party, anything published will be subject to that third party's privacy policy. We require third parties to respect your privacy, and your agreement with a third party will control how your information is used, stored, and transferred by the third party.

We have written this policy to explain how Venturebright Limited ("we", "us" or "Venturebright") uses the data you give us through our site(s)

Venturebright processes your data for the purposes of website administration and for direct marketing. When doing so Venturebright takes your privacy seriously and takes every reasonable precaution to safeguard the personal information you supply to it. We will only use or share your personal data in a manner that is in accordance with this document.

More about Venturebright

Venturebright Ltd is an innovation advisory company to large corporations which owns and maintains various websites, including innovation challenge websites. These websites provide information about Venturebright and a platform for start-ups to apply for innovation challenges run by us on behalf of our clients.

Venturebright Ltd registered office is 95 Mortimer Street London W1W 7ST. 

Company registered in England and Wales, number: 08659999

Your privacy

Venturebright is committed to protecting your data. We collect your personal data to help us understand your needs and this guides the way in which we interact and communicate with you about our services and innovation challenges. We ensure policies and procedures are in place to protect the data you provide when registering to our sites, and we process it in order to provide you with the services you have requested or, where you have given us your permission to do so, to send you information that we think you’ll find interesting, and thereafter when we store your data on our secure servers.

We seek to fully comply with the Data Protection Act 2018, the Privacy and Electronic Communications (EC Directive) Regulations 2003, the Electronic EU Regulations 2011 and the EU General Data Protection Regulations (GDPR). 

Why we collect and process personal data

We process data under the following lawful basis as defined by the ICO:

• Consent: when you have given us clear and unambiguous permission to contact you in certain ways i.e. by email or by telephone.
• Contract: we may need to process personal data to fulfil a contractual obligation.
• Legal Obligation: we may need to process data to fulfil legal requirements.
• Legitimate Interest: when there is a legitimate interest for ourselves and our clients in processing data to provide products and services to consumers through marketing campaigns. Balancing the commercial gain needed to conduct a data business for ourselves alongside the potential impact on the consumer.

Specifically, Venturebright has 3 main business purposes for processing your personal data.

• To manage the participation and applications to our innovation challenge websites. The legal basis for this processing is subject to your active consent.
• To introduce applicants from our innovation challenge websites to our clients. The legal basis for this processing is subject to your active consent.
• To communicate, (via email, telephone, or the chosen contact method) information about Venturebright, our services or upcoming challenges. The legal basis for this sharing is ‘legitimate interest’, as our business depends on our ability to operate advisory and challenge-based services for our clients and discover and inform potential applicants for our challenge programmes run on behalf of clients.

We source personal data so that we can target you with challenge notifications and content that we believe may be relevant to you. Without profiling you in this manner, we would send you less relevant marketing messages.

Collection and use of your personal data

We collect data in 4 ways.

• Data you enter by forms, either on our websites or through an email we send.
• Browsing data such as views, clicks and transaction history on websites we control.
• Open, click and transaction behaviour on emails we send.
• Data received from third parties featuring Venturebright content, promotions, or challenge recruitment programmes – third parties include (but not limited to) social media platforms, search engines, blogs, banner advertising, affiliate networks and other lead generation website partners.

When registering we may collect your name, title, date of birth, postal addresses, email addresses, phone numbers, gender, IP addresses and other online identifiers such as Cookies.

We use your personal data collected to:

• Provide you with information about the products and services we offer.
• Provide you with a more personalised service.
• Conduct market research.
• Run prize draws and promotions.
• Pass on your application details to the client company for that challenge with your active consent. 
• For analysis purposes or to build data products. In these instances, the information is aggregated and wherever possible anonymised in line with the ICO’s code of practice. Again, these products are of a marketing nature.

‍