Privacy policy

1) Introduction

The mission of Foundum is to create a one-stop-platform providing entrepreneurs with structured resources, services and contacts, in order to foster the local and global entrepreneurial ecosystem. We work to fulfill this mission by helping you and all the other entrepreneurial stakeholders meet, exchange ideas, learn from each other and find opportunities to help you grow your startups.

Being part of Foundum means sharing information about you and your Organisation with other professionals and communicating with them. By default, your account is set up to share your entrepreneurial information. The amount and type of information you decide to share, and with whom you share it, is up to you.

Here are the two main types of information on Foundum:

a) Information about yourself and/or your Organisation that you share. This is the information that your connections and other members see about you. Organisation Profiles are open to all users whereas People Profiles are only visible to registered Members.

b) Communication and private activity. We help you communicate with other Members. Some of this is one-to-one and some of it is public discussion. You decide how much or how little you wish to communicate to other Members or in discussions. Members have the opportunity to like, recommend and review other Members. These actions will be visible to all Members. Moreover, we provide tools that you can use privately on Foundum. For example, you can make use of a private email in order to contact a particular Member. You may also refer a particular Member/Organisation to someone else. These actions and information are private and we don't share or distribute them to others on the website.

By using the website the Member accepts the following privacy policy which governs the data processing undertaken through the Website and concerning the services found thereon.

2) Registration

In order for the Foundum Services to be functional, Foundum needs to collect and process certain elements of your Personal Data in the course of the registration process. First of all, this consists of the following data: USERNAME and PASSWORD

Your password and/or your username are never visible to any Foundum Member at any time. Foundum shall never disclose or pass your password and/or your username on to any third party.

2.1) Profile Types

In addition, you will need to fill out certain mandatory fields in the course of the registration process. People and Organisation profiles require slightly different information.

People Profile Registration:
First Name, Last Name, Email, City, Postcode, Ecosystem, Profession (Entrepreneur, Advisor, Investor), Brand Name, Legal Name, Website, Password, Languages.

Organisation Profile Registration:
Brand Name, Legal Name, Website, First Name, Last Name, Position, Email, Telephone, Organisation’s Offering, Organisation Type, Address, Postcode, City, Country, Ecosystem, Industry, Short Description, Logo, Languages.

Organisation Profiles will be visible to all users. People Profiles will be only accessible by registered Members.

2.2) Voluntary Data

You can also provide additional information about yourself apart from the mandatory data on a voluntary basis, to allow other Foundum Members to get to know you better and possibly encourage them to select you as an appropriate business contact. At the moment you are able to choose from the following Voluntary Data, for example your education, career summary, etc. You may also upload a photograph of yourself.

You can revoke Voluntary Data at any time by deleting the data in question from your profile.

3) Cookies and Log Files

Foundum uses cookies to identify the User during the course of the session and to recognize a user when returning to the Foundum Websites using the same computer and web browser. A cookie is a piece of data stored on the User’s computer tied to information about the User. Foundum uses session ID cookies to confirm that the User is logged in. These cookies terminate once the User closes the browser. The User can remove or block this cookie using the settings in the browser if he/she wants to disable this convenience feature. Unfortunately, if the browser settings do not allow cookies, the User will not be able to use the Foundum Websites.

Each time the User accesses the Foundum Websites, Foundum automatically receives the URL of the site from which the User came and of the site to which the User is going when leaving the Foundum Websites. Foundum also receives the Internet protocol (IP) address of the User’s computer (or the proxy server the User uses to access the World Wide Web), the computer operating system and type of web browser in use, as well as the name of the User’s ISP. This data is saved in a log file and will be stored by Foundum in the standardized combined log file format unless the User objects to the processing of such data and notifies Foundum accordingly by sending a fax or letter to Foundum. The information is used in anonymous form to analyze overall trends to help Foundum improve its service. The linkage between the User’s IP address and the personal identifiable information is never shared with any third party without the User’s permission except when required by law. Foundum reserves the right to review the log files from the last known IP address of the User where Foundum has reasonable cause to believe that the User is using Foundum Services in breach of contractual agreements or the applicable legislation. In doing this, Foundum protects other users, the safety of its user’s data, as well as Foundum Websites and the Foundum Services.

4) Usage of Personal Information


We offer search services to help find information and learn more about other Members (for example, you can search for People with particular expertise or consulting experience, or that you may know from your industry or profession). Foundum search also allows Members to find persons such as entrepreneurs, private investors and advisors. In addition, Users can search for Organisations such as startups, knowledge institutions, government agencies, entrepreneurial associations, service and funding providers.

Compliance with Legal Process

It is possible that we may need to disclose personal information, profile information and/or information about your activities as a Foundum User when required by subpoena or other legal process, or if Foundum has a good faith belief that disclosure is necessary to (a) investigate, prevent or take action regarding suspected or actual illegal activities or to assist government enforcement agencies; (b) to enforce the User Agreement, to investigate and defend ourselves against any third party claims or allegations, or to protect the security or integrity of our site; and/or (c) to exercise or protect the rights, property or personal safety of Foundum, our Users, employees, or others.


In order to help secure your personal information, access to your data on Foundum is password-protected, and sensitive data (such as credit card information) is protected by SSL encryption when it is exchanged between your web browser and the Foundum website. To protect any data you store on our servers, Foundum also regularly audits its system for possible vulnerabilities and attacks. However, since the Internet is not a 100% secure environment, we cannot ensure or warrant the security of any information you transmit to Foundum. There is no guarantee that information may not be accessed, disclosed, altered, or destroyed by breach of any of our physical, technical, or managerial safeguards. It is your responsibility to protect the security of your sign in information. Please note that emails, instant messaging, and similar means of communication with other Users of Foundum are not encrypted, and we strongly advise you not to communicate any confidential information through these means.

Combined use of Services (other websites)

Foundum may offer services in connection with other websites (for example other professional networks) to give you the combined results of both services or additional services and benefits. Foundum only works with trusted Partners. We do not share any information you have not chosen to display on your Foundum profile to other parties, unless compelled by law, or as necessary to enforce our User Agreement or protect the rights, property, or personal safety of Foundum, its Users, and the public.

To report any suspected misuse of information please contact: Foundum is not responsible for your use or inability to use any services or products of partners, including the content, accuracy, or reliability of such applications and their privacy practices.

5) Modification of Privacy Policy

Foundum reserves the right, in its sole discretion, at any time to modify or terminate the Platform and Services, or modify this Privacy Policy without notice. All modified policies will be effective after Foundum has notified the Members of changes. If any modified terms are not acceptable to the Member, the Member’s sole remedy is to cease using the Platform and Services, and if applicable, cancel his/her Foundum membership. By continuing to use the Site and Services after Foundum has notified of the changes, the Member agrees to be obligated by such changes.

6) Contact

For any questions or suggestions regarding our Privacy Policy, please contact us at: