What’s the first thing that comes to our mind when we hear the word ‘millionaire’? The first thought directs us towards a well established and successful businessman. We all aim to start a business whose turnout would fail the counting. However, the only thing that dreads us while starting any business is the fund and guidance for its operation. In order to eliminate this hesitance through a new partnership between IDEA and the School of Law’s Community Business Clinic, the Boston-based entrepreneurs unaffiliated with Northeastern University as they have been accepted to the university’s student-run venture accelerator for the first time ever.
Under the guidance of Law professor Peter Sessa, the law students would be exposed to the real-world experience in providing free, business-related legal services to startups, entrepreneurs, and small businesses in the Boston area. Sessa’s centre collaborated with IDEA to furnish three of its customers with business support from IDEA that is normally held for new companies with a Northeastern connection. In the past, unaffiliated customers could go to workshops and get instructing from the IDEA staff yet couldn’t get financing—up to this point. IDEA’s $1,000 Prototype Fund Grants will be accessible to these endeavours.
These law students, for their part, are also benefiting from this partnership. According to Sessa, their service has taught them the importance of collaboration and delegation. Sessa claims, “All new lawyers experience some stress because they think they need the answers to all their clients’ questions. My students learn the value of collaboration and being able to send their clients to another resource for certain questions.” January marked the arrival of the law school’s second quarter of the year, which meant new clients and students for Sessa’s clinic. Sessa hopes to add three new ventures to the IDEA family in addition to the original three, which are expected to continue working with IDEA.
Sessa feels, “The sky is the limit as far as I’m concerned.”