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Annual business plan competition partners with law school

Published: 2013-11-14

Already collaborating with burgeoning entrepreneurs across the university, the Ohio State University Business Plan Competition has established a new partnership with Moritz College of Law.

The collaboration, in conjunction with the law school’s Entrepreneurial Business Law Clinic (EBLC), will provide legal reviews of business plans submitted to the competition by teams of students.

“Due in part to the success of the Business Plan Competition, the entrepreneurial ecosystem at Ohio State has seen an explosion in activity, participation, resources, and program options,” said Michael Camp, executive director of the Technology Entrepreneurship and Commercialization Institute at Fisher College of Business, which organizes and hosts the annual business plan competition.

“This partnership with Mortiz and the EBLC is part of an ongoing effort to offer unique educational opportunities to student teams as well as colleges and departments throughout Ohio State.”

The EBLC serves start-up and emerging businesses that need transactional legal assistance. Through the clinic, third-year law students receive the opportunity to represent entrepreneurs and their businesses while advancing the university’s land-grant mission of promoting economic growth.

“It’s a wonderful opportunity for our EBLC students to gain further firsthand experience collaborating with the entrepreneurship community on their specific legal issues and challenges,” said Charles Lee Thomason, an assistant clinical professor of law at Moritz who led the launch of the EBLC in early 2012.

“We’re excited to partner with Fisher and the Ohio State Business Plan Competition to help future leaders in both business and law develop the skills they need to succeed.”

The Ohio State Business Plan Competition, launched in 2001, has grown into a cross-disciplinary program that involves students at all levels in schools and colleges across the university. Each year, approximately 60 executives from the business community participate as judges and mentors. More than $40 million in various forms of follow-on funding has been raised by the winning teams.

Additional collaborations and partnerships are currently being explored with colleges such as engineering, agriculture, arts and sciences, pharmacy, and medicine.