ELC Clients - Technology Entrepreneurs
Individuals or groups who wish to build a for-profit business around non-UW technology fit into this category. Eligibility for services is generally assessed according to the income guidelines set out in the General Guidelines for Client Eligibility. The business must not have already received angel or venture capital financing, nor be currently operating at a profit. Ideally, the venture is still in development stage and/or has a high burn rate. In limited cases, we may accept ventures that have some revenues, or are even operating at break even, so long as the founders do not have significant net worth and/or are not receiving full market value salaried compensation, and the nature of the technology commercialization plan requires highly specialized and costly legal counsel, such as patent attorneys.
Accepted clients will be assigned a full team consisting of different students and attorneys for review of each of the following:
- Fast growth tech business planning
- Intellectual property, including patents, copyrights, trade secrets, and
- Corporate and securities law, including counseling as to what to expect in angel
or venture capital financing rounds, as well as the initial public offering
- Employment issues, with particular focus on IP assignment, confidentiality and
- Tax planning for fast growth enterprises, including consideration of “C” and “S”
corporation tax status, stock options and other alternative or enhanced
- Industry/technology specific legal issues, such as:
- FDA and state regulatory issues for life sciences ventures
- Privacy, information security, and cross border commercial and tax law issues
for online or ecommerce ventures
Prospective clients should also read the section on General Overview of Services.