Entrepreneurship Clinic Helps College of Business Team Advance to ‘Super Bowl of Investment Competitions’
A team of first- and second-year MBA students from the University of Louisville’s nationally ranked Entrepreneurship MBA Program, assisted by law student and Entrepreneurship Clinic participant Nicholas Whitt, is headed to the “Super Bowl of Investment Competitions”: the 2014 Global Venture Labs Investment Competition, hosted by the University of Texas’s Austin McCombs School of Business next May.
As the director of the Entrepreneurship Clinic, Mike Slaven, a Brandeis School of Law alumnus (Class of ’76) with more than 30 years experience as in-house counsel, currently oversees law students in their pursuit of providing legal services to the business school’s teams participating in business plan competitions, one of which is now vying for the title of top new venture against teams from around the world. Whitt, a 3L, through his limited practice license, has provided legal services to this team, Systemica Health, LLC, for its business plan for its product PlaqAway—a dental product designed to remove bad plaque and preserve good plaque. Systemica is coached by UofL College of Business professor Dr. Van Clouse and its members are Justin Breitenstein, Shalin Shah, and Hunter Gerlach. The winners of this competition receive money and services to apply to the start up of their business.
Whitt is just one of seven third-year law students currently enrolled in the Clinic, all of whom Slaven considers to have been outstanding performers.
“(The law students) come into the clinic with a keen desire to learn and to serve their clients,” Slaven said. “They have been prompt in responding and proactive in considering their client's business.”
Thus far, Whitt has assisted Systemica with its articles of incorporation, letters of intent, non-disclosure agreements, compliance with FDA regulations, and research on the new medical device tax under the Affordable Care Act, among other things. With Systemica’s option to license the technology for PlaqAway from the University of Louisville’s Office of Technology Transfer, Whitt said that he anticipates becoming increasingly involved as the team moves forward on converting the option agreement into a license agreement.
Donovan Potter, also enrolled in the Clinic, assisted another highly successful team of UofL MBA students with a different product called Therabracelet. Although this team did not qualify for the global competition next year, the team finished second in a competition circuit event.