This class will be comprised of different tracks that will allow students to explore ways to work in various innovation fields. The weekly class component will examine various legal and business principles related to innovation and support the students' field work, with the fall term focused on the intricacies of venture capital and the winter term focused on the role of institutional capital. The students will spend significant time working on their projects in the field.

Track 1 -- Social Venture Fund (SVF): Students will work as a law student advisor to the Ross School of Business's Social Venture Fund. Students will be required to attend the weekly SVF meeting (typically on Sunday afternoons) and actively participate in SVF. Once the fund selects potential companies in which to invest, students will join at least one due diligence team and be responsible for the legal due diligence on potential investments. For companies in which SVF votes to invest students will review the financing deal documents. This track is a year-long track, so students will be required to take this course both semesters.

Track 2 -- Michigan Climate Venture (MCV): Students will work as law advisors to Michigan Climate Venture, a University-wide initiative. Students will be required to attend the weekly meetings and actively participate in all educational activities. Once MCV selects potential companies in which to invest, students will join at least one due diligence team and be responsible for the legal due diligence on potential investments. For companies in which MCV votes to invest, law students will review the financing deal documents. This track is a year-long track, so students will be required to take both semesters.

Track 3 -- Innovation Partnerships: Students will provide legal research support to the Innovation Partnerships team. Students will immerse themselves in the legal and regulatory issues related to innovation partnerships. Enrollment in this Track is allowed only with the permission of Bryce Pilz (bpilz@umich.edu), the Executive Director of Licensing & Strategic Alliances.

Track 4 -- Startup or Venture Capital Immersion: Students may arrange to work for a startup company or venture capital fund and participate in this course. While some opportunities to work with startups may be announced through Professor Ohmer, students may also arrange their own startup work and propose the arrangement to Professor Ohmer.

Note: Because participating students will work with proprietary information related to their field work, as a condition of participating in this program, all students may be required to sign Non-Disclosure Agreements particular to their tracks.

Enrollment in this class is allowed only with permission of Professor Adrian Ohmer.