New Ventures Externships
New ventures externships allow students to experience the legal and business analysis involved in launching a technology-based venture. Externship experience will be based on actual technologies and businesses. Topics include invention disclosures, technology assessment, enforceability of confidentiality, material transfer agreements, intellectual property protection, market potential, competitor analysis, freedom to operate, capitalization, licenses and employment agreements. Externships will also provide opportunities to work collaboratively with inventors, MBA students, licensing managers, and venture capitalists.
Course: New Ventures (4 cr., graded, Year-long). The class will present an overview of the legal process of and issues involved in the commercializing technologies and launching new ventures. Students will also share their intern experiences in order to maximize their learning from their work. Grades will be based on students’ work product and/or recommendation of attorney-supervisor, class participation, and presentations at the end of each semester.
Placements: There are many placements available, with each offering slightly different experiences. Sample placements include:
- Technology & Venture Commercialization is the University entity that seeks intellectual property protection for University inventions and begins the process for their commercialization. Responsibilities include contract drafting and negotiation, trademark and copyright registration, negotiation of intellectual property terms in sponsored research contracts and confidentiality agreements, development and revision of licensing contracts, and legal research and writing.
- The Lassonde New Venture Development Center is a program of the College of Business in which students analyze and determine the commercialization potential of select University technologies.
- The University Growth Fund (UGF) is a local private equity fund designed to give students real-world experience as they evaluate potential investment opportunities and play a key role in making investment decisions. Law students have the opportunity to assist with a wide range of legal due diligence tasks including, IP analysis, contract review, deal document review, management background checks, etc., in addition to learning to how to perform traditional business due diligence. Students requesting this placement should enroll in two or three clinical credits each semester. Attendance at fund meetings on Friday mornings is required. Students applying will be asked to complete a business analysis project and present it to fund managers.
Faculty: Professor Ken Chahine
LAW 7788-001: New Ventures Class Fall – Spring: Fridays, 8:20 – 10:20 a.m.