Arthur Cox Belfast was delighted to welcome five young entrepreneurs from Catalyst’s Connect Young Founders Programme, a programme that offers the opportunity for young people (aged 16-18) to spend a summer working on their ideas, helping to translate them into commercially viable businesses.
These innovative and broad-ranging business ideas included an app for teaching children foreign languages, an agri-tech product to reduce lamb mortality, an app to support those suffering from dementia, sunscreen made from natural ingredients and an app to support young people with stress and mental illness.
The interactive workshop, entitled After the “Yes”, gave the students an invaluable overview of the legal process which takes place after they have secured a “yes” from investors. In what can be a daunting process for anyone starting out in business, the aim of the workshop was to explain and demystify key legal topics for start-ups. Topics included heads of terms, legal due diligence and the drafting of documents such as investment agreements, disclosure letters, articles of association and IP assignments.
According to Andrew Jennings and Anna McNulty of our Corporate and Commercial team who led the workshop: “We were very impressed both with the ingenuity of the ideas and the students’ obvious passion for them. We were delighted with their feedback on the workshop and wish them well as they progress their ideas.”