A university initiative that targets entrepreneurial students has been endorsed by a national law firm, culminating in a specialised legal service for the start-up community.
Launchpad, a course run by the University of Technology Sydney (UTS), has been designed to help students hone an “entrepreneurial mindset”.
Developed by UTS in partnership with the leaders from Stanford University’s Institute of Design, the semester-long program aims to give participants the skills to build on a proven business idea and transform it into a start-up enterprise.
Now Corrs Chambers Westgarth has announced that it is supporting Launchpad student-entrepreneurs with its own digital platform to help manage the legal needs of the start-ups throughout their life cycle.
This year, 14 students are enrolled in Launchpad, working on nine different start-ups.
The UTS-Corrs arrangement will see the national firm’s specialist start-up lawyers provide a half-hour general information session.
Throughout the course, students will have access to the firm’s online entrepreneur’s platform, dubbed CorrsEdge, and the six months after the 12-week program ends.
Felicity Saxon, a special counsel with the national firm, recently gave an introductory talk to the class, where students were walked through the CorrsEdge platform and basic issues of legal compliance.
“They have some truly exciting business concepts which deserve to have their potential explored – from sport benchmarking and baby equipment sharing to niche job advertisements and online mathematics training, just to name a few,” Ms Saxon said.
On behalf of the Corrs, partner Jonathan Farrer said that he was glad to be able to help the students bring their business ideas of life.
“We are delighted to work together with this motivated and enthusiastic group of entrepreneurial students and help give them the opportunity to bring their business ideas to life,” he said.
The national firm indicated that it continued to actively look for further opportunities to support similar university programs and accelerators across the country with CorrsEdge.