There is no age limit to join the course since there is no minimum or maximum age for starting a business.
As entrepreneurs are not expected to attend regular classes, the course will be entirely online with some optional live classes, and can be accessed with internet from anywhere. The course is recommended for early stage entrepreneurs, social entrepreneurs, those who are planning to start their own business or startup company at some point in their career, or work in a decision making capacity and managers who want to add legal skills to their profile. Lawyers who want to work with a startup clientele or would like to develop practical business law skills will also find this course beneficial.
With technological advancement, starting up has become much quicker and cheaper than it was before. The internet has made connecting and networking with the right people much easier. India is now witnessing a boom in startups. As per the annual report of the Ministry of Corporate Affairs, more than 65,000 companies register per year. Several bright students from the best universities are leaving attractive salary packages to start their own ventures. Similarly, many young professionals are leaving their jobs in order to build new age companies.
Startups are expected to play a major role in shaping India's economic future. A study on entrepreneurship by the Centre for Strategic and International Studies released in December 2011 stated that "India's high rate of economic growth can only be sustained if approximately 1 million jobs are created per month.
The main objectives are:
- Location neutral - Learn business Law through an online Learning Management System
- Learn at your own pace and time, devote 3-4 hours per week
- Interactive videos, text based material, templates, checklists, mind-maps, drafting exercises and self-assessment tests
- Bridge the gap between academia and industry - learn practical aspects of Law Faculty/Contributors consist of Lawyers from top Law firms, practicing advocates, entrepreneurs, judges and bureaucrats
- Live online doubt-clearing and discussion sessions with faculty and experts
- Live session in selected cities
- No prior knowledge of Law or business management is required
- Recruitment/ internship assistance
Entrepreneurs also face many challenges. Administering a company professionally and legally, negotiating contracts and investment terms, protecting valuable intellectual property, or even figuring out processes of import-export or setting up tax-paying processes can be a major challenge for a first time entrepreneur. The complex Indian legal system is often frustrating -there are multiple regulations and policies, which are often inaccessible to non-lawyers or worded in complicated language, it often makes it impossible for those with limited resources to operate. Startups almost always have very limited resources when they begin.
Hence, the necessity to teach entrepre neurship administration and business laws in a systematic way -to empower the entrepreneurs so that they can use law as an ally, a tool to achieve their ends as opposed to a barrier to overcome.The vision behind starting the course was to make the job of young entrepreneurs easier.
Why are entrepreneurs (who may not have a law background) being imparted legal training?
Although India produces more than 90,000 lawyers every year, less than 2 percent opt for corporate law. Existing corporate law firms mostly cater to the top-end corporate and foreign clients. Startups find it difficult to access affordable and quality business lawyers for legal compliance, contract drafting and negotiation during their early stages. Accordingly, there is high demand for individuals with practical knowledge of business law in the world of entrepreneurship. Informal training and mentorship programs for entrepreneurs cater to this demand to some extent.
NUJS designed the course keeping these necessities in mind. "It is a very positive development that legal education will now be available to non-lawyers who can benefit from knowledge of law. The course focuses on developing useful practical skills, and aims to maintain high academic standards. It would be a valuable resource for anyone willing to learn business laws," says Professor Dr.Mahendra Pal Singh, an authority on constitutional law, who is Chairperson of Delhi Judicial Academy, and is also a former Vice-Chancellor of the National University of Juridical Sciences.
To know more, click on Startups-NUJS-Kolkata