Terms and Conditions

Terms and Conditions – JKX Innovate

By applying for JKX Innovate you are agreeing to be bound by the following terms and conditions (“Terms”).


1.1 JKX Innovate is open for mature startups, scale ups and established businesses.

1.2 You are eligible for JKX Innovate if your company has an innovative business solution (“Solution”) which helps any of the businesses affiliated with JKX Innovate (“Business Units”) of John Keells Group as listed on our website to overcome any potential challenges that they might face and thereby enhance their operational efficiency.

1.3 You must ensure that your company a) is a duly incorporated company in Sri Lanka b) has the necessary approvals/ licenses/ certificates from the relevant regulatory authority (if applicable) to conduct the business of your company and c) complies with all the laws and regulations in Sri Lanka including anti money laundering and counter terrorism financing laws and personal data protection laws.

1.4  You must be duly authorised by your company to take part in JKX Innovate.

2. Application Process

2.1 In order to apply for JKX Innovate you need to create an account on Metabeta, the official platform linked through our website <www.johnkeellsx.com> under the tab ‘Apply Now’ and thereafter fill in the application form online.

2.2 You must ensure that all information provided in the application is accurate, complete, and up to date.

2.3 We will not consider applications submitted after 8th February 2024 or incomplete applications.

2.4 You are responsible for maintaining the security of your account and password. We will not be liable for any loss or damage if you fail to comply with this security obligation.

3. Evaluation Criteria

3.1 Applications regarding the challenges identified by the applicant will be evaluated based on creativity, feasibility, innovation, and potential impact to the relevant Business Unit.

3.2 The decision of the respective Business Unit evaluating Solution is final and binding.

4. Intellectual Property Rights

4.1 You must own the intellectual property attached to the Solution evidenced by a) a certificate of industrial design, copyright or a patent or b) an application submitted to the National Intellectual Property Office register the intellectual property or c) a letter or a board resolution signed by all the Directors/ partners/founders of your Company stating that your Company is the sole owner of the intellectual property.

4.2 You must grant the relevant Business Unit affiliated with JKX Innovate a non-exclusive, royalty-free licence to the intellectual property to evaluate, test, and understand the Solution.

4.3 Any intellectual property developed during JKX Innovate program in collaboration with the relevant Business Unit may be subject to separate agreements.

4.4 In this clause the term “intellectual property” shall mean the software, a computer code, a computer program, hardware, machines developed, a process, tool, mechanism, or a formula which constitutes the Solution that you have proposed.

5. Confidentiality

5.1 All information and data provided in the applications will be treated as confidential, and your company commits to ensuring the protection of sensitive information regarding JKX Innovate, Business Units, John Keells Group.

6. Use of Funds

6.1 If funding is provided by the Business Unit, you must use the funds solely for the development and scaling of the Solution evidenced by a detailed expenditure report.

7. Program Participation and Conduct

7.1 You hereby agree to commit to the JKX Innovate program’s timeline and actively engage in all required activities and conduct yourself in a professional manner.

8. Limitation of Liability

8.1 We will not be liable for any direct, indirect, incidental, or consequential damages arising out of your participation in JKX Innovate.

8.2 You are solely responsible for any and all expenses you may choose to incur in the course of participating in JKX Innovate.

9. Disqualification

9.1 Any violation of these Terms will result in disqualification from JKX Innovate.

9.2 We reserve the right to disqualify you if you engage in unethical practices, including plagiarism or misrepresentation or if you act in any manner that would bring disrepute to us or the Business Unit.

10. Changes to Terms

10.1 We reserve the right to update and change the Terms or terminate JKX Innovate anytime with or without notice.

11. Governing Law and Dispute Resolution

11.1 These Terms will be governed by and construed in accordance with the laws of Sri Lanka, and you irrevocably agree that the competent courts in Colombo shall have exclusive jurisdiction in relation to any claim or dispute concerning these Terms and any matter arising therefrom.

12. Acknowledgment

By applying, you hereby acknowledge that you have read, understood, and agreed to these terms and conditions.

13. Interpretation

In these Terms:
a reference to “we” or “us” refers to John Keells X or John Keells Holdings PLC or any subsidiary company of John Keells Group.

a reference to “you” or “your” is a reference to an applicant of JKX Innovate.