T-Hub Inks MoU with NALSAR to Provide Legal and Regulatory Support to its Startups - Start-Up Hyderabad
Loading Startup Hyderabad

T-Hub Inks MoU with NALSAR to Provide Legal and Regulatory Support to its Startups

 2 weeks ago    

●        The MoU will foster a collaborative ecosystem for T-Hub startups to provide legal and compliance support to entrepreneurs.

●        The partnership will be executed by CLEAR (Centre for Law, Entrepreneurship and Action Research), an entity of NALSAR (National Academy of Legal Studies and Research University of Law)  

●        CLEAR will train the startups on the legal front and guide them on regulatory areas that implicate their businesses.

 T-Hub, which leads India’s pioneering innovation ecosystem that powers next-generation products and new business models, today signed an MoU with NALSAR. NALSAR is research and consultative agency that uses the law as an instrument of social change and supports the creation of an ethical, legal culture. The MoU will be implemented by CLEAR, an entity of NALSAR that enables entrepreneurs to generate business models by providing a broad-based legal and commercial foundation.

Under the MoU, NALSAR will provide T-Hub startups with a legal and compliance framework. It will guide and support entrepreneurs in registering their entities in the initial stages, structuring transactions, complying with regulations, filing taxes, handling closures, entering into contracts and dealing with legal intricacies. Also, the startups will get advisory and consultancy services on a case-to-case basis from subject matter experts at T-Hub and NALSAR.

Ravi Narayan, CEO, T-Hub, said, “Entrepreneurs need to ensure that they invest enough time and resources at all times to eliminate avoidable legal risks to their promising startups.  This aspect is as important as developing a viable business plan or hiring a great team.  Ignoring it can lead to legal hurdles that can quickly derail a startup even before it starts reaches its full potential. T-Hub’s partnership with NALSAR will make sure startups get guidance throughout their journey from setting up the corporate entity, to setting up foreign entities, to creating the right relationships between those entities, to intellectual property rights (IPR) protection, and to putting the right shareholders agreements (SHA).  We are excited that we can bring world-class experts from NALSAR to work with our startups.”

Professor Faizan Mustafa, Vice – Chancellor, NALSAR, noted, “The foundation of business is law. Startups are, in fact, legal entities just like any other business entity with identified purpose. It is important for businesses to understand and operate within the provisions of law to avoid losses. Be it contract or intellectual property, tax or consumer protection, law is an enabler of commerce. Through this partnership, both NALSAR and T-Hub, through this partnership, shall endeavor to provide startups, founders and entrepreneurs, a platform that is legally sound and commercially viable.”

Under this agreement, T-Hub will provide office space for CLEAR members to function a helpdesk out of T-Hub. Through this helpdesk, T-Hub will be able to provide a platform to startups that will engage with the NALSAR and CLEAR teams on business managerial, legal and regulatory matters.

T-Hub and CLEAR will organise seminars, workshops and interactive sessions for startups to train them in the following legal areas:

●        Dealing with the protection of intellectual property rights for innovative solutions and associated technology

●        Understanding the importance of data security and the implications of failing to protect data

●        Raising investment and understanding the legal, commercial, financial and strategic aspects of foreign investment in various sectors.

●        Dealing with human resources-related issues arising within a business environment

●        Raising investment and understanding the legal, commercial, financial and strategic aspects of foreign investment in various sectors

●        Creating awareness of corporate/legal lifecycle issues

●        Creating awareness of founder-related issues

●        Creating awareness of sector-specific issues

The MoU was signed today by Ravi Narayan, CEO, T-Hub, Prof Faizan Mustafa, Vice-Chancellor, NALSAR and Member of Board of Directors at T-Hub and Dr Pinaki Nandan Pattnaik, Head, Centre for Management Studies, NALSAR.

Comments

comments

Ravi Korukonda

Technology Entrepreneur and one of the contributors of Hyderabad Start-Up ecosystem. Built world-class technology product companies from Hyderabad and also, created a consulting company which is helping fortune 1000 companies on Digital Transformation. Ravi's consulting company [x]cube LABS, own more than 30 international Design awards and his Gaming Consulting Division [x]cube GAMES did IP games for Hollywood and Best Sports properties Globally

OUR BLOGGERS

  • Saritha Keshamoni

    Saritha Keshamoni

  • Ramya Sayaboni

    Ramya Sayaboni

  • Bhavitaavya Dharanikota

    Bhavitaavya Dharanikota

  • Sruthi Malla

    Sruthi Malla

  • Ruchika Agarwal

    Ruchika Agarwal

  • Neeha Jayaram

    Neeha Jayaram

  • Avatar

    Sameeksha Bansal

  • Rahul Das

    Rahul Das

  • Tata Teja

    Tata Teja

  • Srinivas Aki

    Srinivas Aki

  • Saloni Anand

    Saloni Anand

  • Dhivya

    Dhivya

  • Soumalya Chakraborty

    Soumalya Chakraborty

  • Sravya Gowrisetty

    Sravya Gowrisetty

  • Avatar

    Madhureema RoyMoulik

  • Monika Guwalani

    Monika Guwalani

  • Ramesh Loganathan

    Ramesh Loganathan

  • Nischala Agnihotri

    Nischala Agnihotri

  • Varun Rastogi

    Varun Rastogi

  • Harshita Goel

    Harshita Goel

  • Nikita Kiran

    Nikita Kiran

  • Neha Mohsin

    Neha Mohsin

  • Avatar

    Ankur Mehta

  • Maddy Anand

    Maddy Anand

  • Chandra Mouli Koduri

    Chandra Mouli Koduri

  • Ayyappa Nagubandi

    Ayyappa Nagubandi

  • Divya Jyothi

    Divya Jyothi

  • Ayushi Pandey

    Ayushi Pandey

  • Saptarshi Roy Chaudhury

    Saptarshi Roy Chaudhury

  • Amita Sood

    Amita Sood

  • Avatar

    Surya Vallae

  • Shravani Maddirala

    Shravani Maddirala

  • Gunajit Haloi

    Gunajit Haloi

  • Avatar

    Manoj Surya

  • Ambika Asta

    Ambika Asta

  • Avatar

    Anish Tadimarri

  • Sreekar Reddy

    Sreekar Reddy

  • Vana Korrapati

    Vana Korrapati

  • Priyanka Mechineni

    Priyanka Mechineni

  • Avatar

    Vineel Reddy Pindi

  • Vinita Surana

    Vinita Surana

  • GR Reddy

    GR Reddy

image title here

Some title