Startups looking to grow internationally have a new resource in the Triangle, a conference centered around all of the hurdles they will have to jump in order to be successful globally.
May it be raising funding, figuring out how to get paid in the local currency, or learning how to protect intellectual property, this event, organized by students at Campbell University College of Law, is aimed to help.
The impetus for the event is law student Freddy Iwan, who also studied law in his home country of Argentina and plans to practice business law both locally and internationally. He’s passionate about helping entrepreneurs deal with the various challenges of expanding globally.
“When you make a deal internationally, then you start dealing with many other things that are not what one would normally think of as a legal issue, like consideration of different languages, different cultures, etc.,” says Iwan.
Lawyer Jeff Truitt
of Smith Anderson
is well aware of the issues that entrepreneurs typically face when considering activities abroad. There’s the consulting services or software development agreements with offshore entities, which vary from place to place.
Startups that aspire to sell their products globally must consider the nuances and costs of protecting their intellectual property abroad, he says. Startups in certain niche industries may also need to consider federal regulations and embargo laws.
There will be numerous panels during the March 19 event at Campbell Law in downtown Raleigh. There’s a panel on government resources featuring Shirreef Loza, a international trade administrator for the U.S. Department of Commerce as well as local economic development and international business development personnel. Next up is a panel on regulatory compliance with Susan Carr of SAS and Eric Green of inVentiv Health, as well as lawyers discussing export compliance and data privacy.
Keynoting lunch is Wake County Judge Paul Ridgeway, who also serves as an adjunct faculty member at Campbell Law. The title of his talk is “Contract provisions regarding Governing Law, Jurisdiction, Choice of Venue.”
An afternoon roundtable includes four sessions covering IP, foreign direct investment, letters of credit (and other payment) and finance.
“This event will be beneficial for entrepreneurs who wish to engage in cross-border transactions, raise money from non-U.S. citizens or protect their intellectual property abroad,” says Truitt, who along with lawyer Don Reynolds
of Wyrick Robbins
, also a specialist in mergers and acquisitions, will take on the finance portion. They plan to discuss raising funds from foreign investors.
Iwan hopes for feedback on the event from the attendees, so it can happen annually. He also plans to use the event to start a discussion about legislation in North Carolina and how it impacts entrepreneurs and small businesses.
“I think that conferences like this can help share ideas and identify what changes are needed, if any”, says Iwan. “Entrepreneurs in different industries are the ones who are better suited to answer the question (of how laws should change to benefit startups).”
Sign up for the free event here