New Ventures Clinic
Available to: 2nd or 3rd year students with 2-semester commitment.
Course: 4 credits, Fall through Spring
Placement: 3 to 6 credits, Fall through Spring
This clinic allows students to experience the legal and business analysis involved in launching a technology-based venture. Clinical 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. The clinic 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: (3 to 6 cr., P/F, Fall through Spring). There are several placements within the clinic. Each offers slightly different experiences.
- The Technology Commercialization Office (http://tco.utah.edu/tco/internships.php) is the University entity that seeks intellectual property protection for University inventions and begins the process for their commercialization.
- The Lassonde New Venture Development Center (http://www.lassonde.utah.edu/lnvd.php) is a program of the College of Business in which students analyze and determine the commercialization potential of select University technologies.
- The UVenture Fund (UVF) (http://uventurefund.com/) is a private equity fund in which business and law students from Utah colleges perform due diligence on innovative start-ups and determine whether to invest the UVenture fund’s capital. The University Impact Fund (http://www.uimpactfund.com/home) is an affiliate of UVF; students applying to UVF will be considered for a placement at the University Impact fund as well. Students requesting this placement should enroll in two or three clinical credits each semester. Attendance at fund meetings on Friday mornings is required.
- One placement doing intellectual property work is available at the Intermountain Healthcare Invention Management Office (http://intermountainhealthcare.org/qualityandresearch/imo/Pages/home.aspx).
The student will earn a minimum of 3 credits (150 hours of work) and a maximum of 6 credits (300 hours) over the fall/spring semesters. Note: Placements at the Lassonde Center and UVenture Fund will involve close work with MBA students, faculty and business leaders, as well as participation in College of Business meetings.
Faculty: Professor Ken Chahine
Registration & Placement: To enroll in the class and clinic, students must complete the Clinical Program Application Form and submit the application with the required documents (résumé, transcript release, and statement of interest). Applications submitted by Monday May 6 will be given priority. Interviews will be required for some placements. Students selected for a second round of interviews at the UVenture Fund will be asked to complete a business analysis project and present it to fund managers.
LAW 7788-001: New Ventures Class Fall – Spring: Fridays, 8:35 – 10:35 am
LAW 7630-001: New Ventures Clinic Fall – Spring (3-6 credits)
Orientation Materials and Forms: