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- 25% of Center of Innovation and Entrepreneurship graduates start their own companies.
- The partnership gives new, existing, and alumni students 3x the usual free access to Genie AI’s legal library with all the contract templates and clauses they need to start a business and grow to a Series A. Access is provided.
Bristol, UK. January 6, 2023: The award-winning Center for Innovation and Entrepreneurship at the University of Bristol today announced a partnership with Genie AI, the UK’s largest open source legal library, to provide free access to legal templates and clauses. provide to students. This partnership aims to give the next generation of entrepreneurs all the legal contracts they need to start and grow their businesses.
Bristol has a thriving startup ecosystem, with the city having the highest number of high-growth technology companies in South West England. Bristol’s Center for Innovation and Entrepreneurship helps prospective founders build their business ideas and begin their entrepreneurial journey through an integrated master’s degree for undergraduates or a master’s degree for postgraduates. increase. Students from diverse educational backgrounds combine their knowledge and passion to identify social and commercial opportunities, and the Center has supported hundreds of entrepreneurs to date. Notable among them are her healthy snack business Welleasy, Peequal, which reduces women’s queues at festivals, her Kaedim, whose technology renders a 3D model of her from a 2D image, and her mental wellbeing through visualization. Vive, the pioneer of
As part of the startup journey, founders require a variety of legal agreements, from collaboration agreements with founders to patent assignments and term sheets. Genie AI enables users to find, draft, edit and sign legally sound contracts in minutes. The partnership will make Genie AI’s legal template library accessible to all students at the centre, saving an average of £30,000 in legal costs leading up to the Series A funding round.
As part of the partnership, members of the Genie AI team will also provide mentoring as part of the Center for Innovations’ new runway project.
Runway Program Director Mark Neild commented at the Innovation Center where student startups take off. Startups don’t have enough resources, legal support is expensive, and customer acquisition is often an afterthought. But this can bite you later. Genie AI has reduced the cost and effort for my students to get open source templates, data and insights to zero. This gives future founders the confidence that they need to sign contracts with confidence that they won’t be hijacked. ”
Genie AI CEO Rafie Faruq added: This partnership strengthens our ongoing collaboration with Imperial College and the University of Oxford. Building deep technology takes years, but we want to help the next generation of startup entrepreneurs by significantly reducing the legal burden. ”
Alex Asher, University of Bristol graduate and co-founder of mifu, said: We are pleased that Runway can provide more legal support via his Genie AI. This greatly simplifies the process of procuring a legitimate early-stage venture framework, allowing you to move forward with more confidence and reduced costs. ”
Students at the University of Bristol can claim increased access to Genie AI using a unique signup link at https://app.genieai.co/signup?ref=brist-lchitg41.
To learn more about Genie AI’s partnership with the University of Bristol’s Center for Innovation and Entrepreneurship, or to learn about partnership opportunities, please contact Genie AI at https://www.genieai.co/partnerships.
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About Genie AI
Founded in 2017, Genie AI is the UK’s largest open source legal library, committed to empowering businesses with customizable and regularly updated legal contracts. It is funded by Connect Ventures (Citymapper) and he won one of the largest government start-up grants ever in the UK.
Genie AI enables users to find, draft, edit and sign legally sound contracts in 15 minutes. You don’t have to pay a lawyer to know that your business contract is legally sound.
Millions of data points tell Genie AI’s proprietary AI what “good” is at the phrase level, and the company uses this data to create high-quality, market-standard templates. Standardizing contracts can reduce time-consuming contract negotiations and billable time by up to 80%.
media contacts
Leah Jones
news agency
ljones@thecommsco.com
+44 7876 117760
About Center for Innovation and Entrepreneurship
Founded in 2016, the University of Bristol’s Center for Innovation and Entrepreneurship is an award-winning school that combines design, innovation and entrepreneurship. Its interdisciplinary, practitioner-driven approach produces high-impact alumni who are talented founders of high-growth startups and beloved by forward-looking employers.
The University of Bristol is one of the UK’s most popular and successful universities, ranked 61st in the world according to the 2023 QS World University Rankings.
media contacts
Jack Pitts
Bristol University
jack.pitts@bristol.ac.uk
+44 7977 983547
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