Mills Oakley Launches Legal Tech Accelerator, Plans Start-Up JVs
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Australian law firm Mills Oakley has launched an AUS$500,000 legal tech accelerator to help develop a new wave of entrepreneurs in the legal sector and to partner with them.
The firm said it is their intention to negotiate a JV structure with the successful start-ups that complete the programme. The law firm would have a minority stake and first right of refusal in relation to using any new IP or service innovations with those it partners with.
The Melbourne-based firm is collaborating with locally-based Collective Campus, which is an enterprise innovation school that lists Uber and IBM as clients.
Applications for the programme need to arrive by a deadline of 14 October – so legal innovators still have time to enter. This will be followed by a boot camp and then a pitch night. If successful this will lead the short list of start-ups into the accelerator stage, which will seek to turn the ideas into viable enterprises over a 13 week period ending in mid-April 2017. After that, the best ones may then see investment from Mills Oakley’s capital fund and introduction to its network of contacts.
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