Hiram E' Chodosh

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New VenturesInnovation in Clinical Education

• Hiram E. Chodosh
• Dean

2
Roadmap

• Gaps in Clinical Education
• Unmet Need for IP Services
• A Responsive Model The New Ventures Clinic
• Future Directions Ideas for Expansion

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Gaps in Clinical Education

• Quantity and Quality of Experience
• Propensities in Scope of Work/Clients
• Pedagogies and Institutional Models

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Quantity Quality of Clinical Ed

• Insufficient Availability of Clinical Experience
• 30-40 of national law graduates with clinical
  experience
• Minimal in commercial, business areas
• Quality may be also hampered by unavailability of
  effective instruction and hands-on supervision

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Propensities Work/Clients

• Poverty-service with litigation focus
• Even community development clinics focus on
  non-profits and very small business enterprises
• Limited business, transactional, IP clinics
• Challenge expand in pursuit of
  educational/service mission

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Pedagogies Institutional Models

• In-House Clinics and Profs Not Real-World
• Expensive
• Internal expertise dated
• Externships Lack Value-Added Training
• Too dependent on mixed quality of supervisor
• Lost opportunity for educational interventions
• Skill-building (drafting, negotiation)
• Ethical reflection (conflicts, disclosure)
• Lesson sharing with peers

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Unmet Need for IP Services

• Universities
• Sciences
• Health Services
• Arts
• Business and Admin Applications
• Learning/Teaching Technologies
• Underserved, Smaller Economic Actors
• Inventors
• Artists
• Entrepreneurs

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The U Strategy of Integration
The Innovation Project
The Commercial Project

• The Leadership Initiative
• The Technology Initiative

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The New Ventures Response

• Meeting demand for commercial clinical education
• Weaves
• academic classroom, curriculum with clinical
• clinical with simulation pedagogies
• best of in-house externship components
• technology comm., entrepreneurship, VC
• business and legal services
• Meets Need for IP Services
• Within university
• Even For Law School Akadi/DAN
• See www.akadi.tech.com

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Weaving Experience Learning

• CE0 in Residence, Ken Chahine, CEO of Avigen
  Pharmaceuticals
• Weaves year-long curriculum and clinical work
• Agreements
• Skills and Methodologies
• Substantive Law
• Additional Tools
• Three clinical placements with live clients

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Agreements

• Confidential Disclosure Agreements
• Material Transfer Agreements
• Licensing Agreements in Different Industries
• Research and option agreements
• Letters of Intent and Option Agreements
• Term Sheets

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Skills Methodologies

• Drafting
• Presentation
• Terms of Art
• Technology Valuation and Finance
• Venture Capital Term Negotiations

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Business Concerns

• Information Sharing Suppliers
• Sharing Tangible Property
• Valuation of Technology
• Funding
• Partnering

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Legal Services

• Confidentiality agreements
• Material Transfer agreements
• Net Present Value Concepts and Modeling
• Venture, Private Equity, and Public Financing
• Intellectual Property Licensing Agreements

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Substantive Law

• Bayh Dole Act
• Hatch Waxman
• Rules and Doctrines from Basic Curriculum
• Reps and warranties
• UCC
• Indemnity
• Sherwood v. Walker

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Additional tools

• Invited Business and Legal Leaders
• Case Studies
• Selected Readings

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Three Clinical Placements

• Technology Commercialization Office
• University office that protects intellectual
  property for university inventions and begins
  process for commercialization
• Ranks 2nd behind MIT in companies per federal
  dollar and in top twenty in revenues from
  commercialization
• Lassande Entrepreneurship Program
• MBA program that develops business plans for new
  technology ideas
• UVenture Fund
• Only private equity fund in the world that is run
  by students (due diligence and decide on
  investing)

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Future Directions

• Add Arts Component, targeting independent
  filmmakers
• Explore VC services for underserved proposals
• Develop semester-long, on-site clinic or
  residency
• Develop Low Bono Initiative to serve those with
  modest ability to pay for services and
  establish financial sustainability for clinical
  enterprise

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New VenturesInnovation in Clinical Education

• Hiram E. Chodosh
• Dean