Meet the IP-CO Lab Co-Directors
Established in 2015, the IP-CO Lab provides advice and support to entrepreneurial students and Boston residents who’s ventures not only make money, but make a difference.
THE IP CO-LAB: A UNIQUE CAMPUS COLLABORATION
As Intellectual Property (IP) gains increasing significance in the world of commerce, innovators and entrepreneurs – and their legal advisors and investors – must keep pace with understanding IP law and strategies to collaborate effectively, from ideation through development and launch, to preserve rights, pursue social and commercial initiatives and craft business plans and transactions informed by IP assets and strategies.
The IP CO-LAB, led by students at the School of Law and faculty from the law and business schools, provides a range of crucial IP-related legal information and services to inventors and ventures in Northeastern’s entrepreneurial ecosystem. It collaborates with the university’s Center for Research Innovation, student-run venture accelerator (IDEA) and the Center for Entrepreneurial Education. Its goal is to enhance the campus innovation environment and provide opportunities for all members of the Northeastern community – with a special focus on law students supporting design, engineering and business students – to better understand and use intellectual property.
PARTNERING LAW STUDENTS AND UNIVERSITY ENTREPRENEURS: EDUCATE, INCUBATE, LAUNCH
The IP CO-LAB is pioneering a new and unique approach that, along with other student-led activities, builds on the university’s signature cooperative education model, integrates the study of law with authentic lawyering practice, and incubates actual entrepreneurial ventures. IP CO-LAB participants:
- Identify, connect and engage with inventors and ventures, negotiating the terms and scope of client engagements and addressing professional and ethical responsibilities
- Provide a minimum of 20 hours/week in legal services on matters ranging from explaining complex laws, navigating trade secret and patent decisions, and conducting trademark clearances, to developing contracts and procedures
- Collaborate with faculty to design and deliver learning modules and presentations that disseminate and make IP knowledge accessible to students in entrepreneurship, product design and capstone courses
- Engage with the community beyond campus, including IP law firms, legal practice technology vendors, the Boston Patent Law Association and the US Patent & Trademark Office
- Work with others to develop policies for Northeastern’s entrepreneurial ecosystem
- Support the launch of successful ventures such as New Grounds Food (www.newgroundsfood.com) and Scout, Northeastern’s student-led design studio (http://www.northeastern.edu/scout/).
OPPORTUNITIES FOR INVESTMENT
Financial support for the IP CO-LAB will help sustain the program, which serves as a laboratory for “new normal” law practice innovation, including integrated teams and collaborative models of practice. For further information, please contact Professor Susan Montgomery.