{"id":43540,"date":"2023-10-20T15:29:20","date_gmt":"2023-10-20T15:29:20","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/melbourne-accelerator-program-secures-six-figure-investment-from-major-australia-law-firm-to-offer-free-legal-advice-to-startups-startupsmart\/"},"modified":"2023-10-20T15:29:20","modified_gmt":"2023-10-20T15:29:20","slug":"melbourne-accelerator-program-secures-six-figure-investment-from-major-australia-law-firm-to-offer-free-legal-advice-to-startups-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/melbourne-accelerator-program-secures-six-figure-investment-from-major-australia-law-firm-to-offer-free-legal-advice-to-startups-startupsmart\/","title":{"rendered":"Melbourne Accelerator Program secures six-figure investment from major Australia law firm to offer free legal advice to startups – StartupSmart"},"content":{"rendered":"
The University of Melbourne-backed Melbourne Accelerator Program has secured a six-figure investment from a major Australian law firm that will give its entire network of startups free legal advice, support and training.<\/p>\n
While the details of the deal with Corrs Chambers Westgarth haven’t been disclosed, it’s believed to involve a six-figure investment and a contribution of time over a three-year period.<\/p>\n
The national law firm is working to cement its positioning in the startup sector, and is currently developing proprietary software to help startups streamline the process of producing legal documents, MAP deputy director Clare Harding says.<\/p>\n
\u201cIt\u2019s going to help the startups themselves produce legal documents for things that go right from incorporation and hiring all the way through to fundraising,\u201d Harding tells StartupSmart.<\/em><\/p>\n In addition to simplifying the process of creating legal documents, Clare says the partnership will see MAP\u2019s network of startups gain access to critical legal information and advice tailored to each venture\u2019s unique needs.<\/p>\n Harding says the partnership will serve its startups in broad ways, from finding the right legal structure as a startup wanting to make social impact through to developing investor relationships for capital raising, producing term sheets, bringing in new co-founders and setting up equity share.<\/p>\n