Privacy Policy

1. OBJECTIVES

This policy will serve as documentation for providing the protocol for the company’s data protection requirements in accordance with Personal Data Protection Act 2012 of Singapore (“PDPA”).

The Company will collect, use or disclose personal data for reasonable business purposes only if there is consent or deemed consent from the individual and information on such purposes have been notified. The Company may also collect, use or disclose personal data if it is required or authorised under applicable laws.

2. COLLECTION OF PERSONAL DATA

The Company collect personal data from clients, customers, business contacts, partners, personnel, contractors and other individuals. Such personal data may be provided to us in forms filled out by individuals, face to face meetings, email messages, telephone conversations, through our website www.velocityventures.vc, or provided by third parties. If any individuals contact us, the Company may keep a record of that contact.

The Company collects these personal data when it is necessary for business purposes or to meet the purposes for which the individuals have submitted the information.

The Company will only collect, hold, process, use, communicate and/or disclose such personal data, in accordance with this policy. If any party is acting as an intermediary or otherwise on behalf of a third party individual or supplying us with information regarding a third party individual (such as a friend, a colleague, an employee etc), such intermediary party undertakes that you are an authorised representative or agent of such third party individual and that you have obtained all necessary consents from such third party individual to the collection, processing, use and disclosure by us of their personal data. Because the Company is collecting the third party individual’s data from you, you undertake to make the third party individual aware of all matters listed in this policy preferably by distributing a copy of this policy to them or by referring them to our website.

3. USE OF PERSONAL DATA

The Company use personal data for the following purposes:

• to provide our services;

• to respond to the individual’s request or for the purposes for which it was provided to us as stated at the time of the collection;

• to maintain contact with clients and other contacts;

• to keep clients and other contacts informed of the services we offer, industry developments, service offerings, seminars and other events that the Company are holding, that may be of interest to them;

• for general management and reporting purposes, such as invoicing and account management;

• all other purposes related to our business.

Any individual may choose to unsubscribe from mailing lists, registrations, or elect not to receive further marketing information from us by contacting the Company.

4. DISCLOSURE OF PERSONAL DATA TO THIRD PARTIES

The Company does not disclose personal data to third parties except when required by law, when the Company have the individual’s consent or deemed consent or in cases where the Company have engaged third parties such as data intermediaries or subcontractors specifically to assist with our firm’s activities. Any such third parties whom the Company engage will be bound contractually to keep all information confidential.

5. ACCESS TO AND CORRECTION OF PERSONAL DATA

Upon request, the Company will provide the individual with access to their personal data or other appropriate information on their personal data in accordance with the requirements of the PDPA.

Upon request, the Company will correct an error or omission in the individual’s personal data that is in our possession or control in accordance with the requirements of the PDPA.

6. WITHDRAWAL OF CONSENT

Upon reasonable notice being given by an individual of his withdrawal of any consent given or deemed to have been given in respect of our collection, use or disclosure of his personal data, the Company will inform the individual of the likely consequences of withdrawing his consent. The Company will cease (and cause any of our data intermediaries and agents to cease) collecting, using or disclosing the personal data unless it is required or authorised under applicable laws.

7. ACCURACY OF PERSONAL DATA

The Company will make a reasonable effort to ensure that personal data collected by us or on our behalf is accurate and complete.

8. SECURITY AND PROTECTION OF PERSONAL DATA

The Company have implemented generally accepted standards of technology and operational security to protect the personal data in our possession or under our control and to prevent unauthorised access, collection, use, disclosure, copying, modification, disposal or similar risks. Only authorised personnel are provided access to personally identifiable information and these personnel have agreed to ensure confidentiality of this information.

9. RETENTION OF PERSONAL DATA

The Company will cease to retain personal data, as soon as it is reasonable to assume that the purpose for collection of such personal data is no longer being served by such retention, and such retention is no longer necessary for legal or business purposes.

10. TRANSFER OF PERSONAL DATA OUTSIDE OF SINGAPORE

The Company will ensure that any transfers of personal data to a territory outside of Singapore will be in accordance with the PDPA so as to ensure a standard of protection to personal data so transferred that is comparable to the protection under the PDPA.

11. PROVISO

The Company reserves the right to modify or amend this Policy at any time.