Osgoode Venture Capital Clinic
The Osgoode Venture Capital Clinical Project (OVC) provides free legal services to early stage entrepreneurial ventures in the financing and equity structuring stages of growth. During the Fall-Winter terms, Osgoode students will work as Caseworkers directly with lawyers from Wildeboer Dellelce LLP advising on legal tasks such as incorporations, corporate structuring/restructuring, drafting agreements, development of financing strategies, and various other tasks associated with early-stage business ventures. Students will gain experience in drafting a retainer agreement and scope of work, client communication, client consultations, drafting legal agreements, corporate finance, employment matters, technology, and operational matters.
Additional opportunities are available for Osgoode students as Summer volunteer positions to make up the Client Recruitment Team. Osgoode students working as Client Recruitment Coordinators will conduct outreach, meet with business incubators to promote the OVC, and assist with the client recruitment process in preparation for the start of the clinic in September. These positions fulfil the Osgoode Public Interest Requirement (OPIR).
Directed Reading Course
Students working as Caseworkers will be enrolled in the two-term OVC Directed Reading course, which builds upon the OVC’s clinical work. In-class work will involve readings on law, policy, and ethical issues for technology start-ups, ventures, and social enterprises, including issues in entity structure, intellectual property, employment, and ethics/professional responsibility. The Directed Reading course is worth 4 credits and satisfies the Praxicum requirement. Your clinical OVC work will be evaluated as 50% of your mark, with the other 50% based on your class participation and final essay.
Training and Supervision
Successful candidates will be bound by OVC’s Confidentiality Agreement, and will work directly with and under the supervision of Wildeboer Dellelce lawyers in providing legal assistance to OVC clients.
Throughout the fall and winter terms, Wildeboer Dellelce will host an orientation meeting and a number of training sessions on fundamental aspects of corporate and commercial law, which will occur during the Directed Reading class time. The orientation and training sessions will be held online by Wildeboer Dellelce. Students will develop an understanding of the venture capital, equity structuring, early-stage investment and entrepreneurial landscape, as well as the perspectives of stakeholders (i.e. entrepreneurs, investors, advisors etc.) who play an integral role in the formation and capital raising activities of start-up entities.
Activities and Location
Students will attend client interviews and file meetings throughout the course of the OVC term. Supervising lawyers meet with students at Wildeboer Dellelce’s downtown offices (virtually during the pandemic) to monitor progress on work assignments, assist with decision-making, counsel students on appropriate next strategies, and review written work.
OVC clients are generally entrepreneurs who are referred to the Clinical Project by incubator partners or clients that Wildeboer Dellelce may choose to refer for participation through the OVC. Students responsibilities entail providing legal services to these clients on an ongoing basis during the OVC term, which runs from September until the end of March.