Do We Need a New Synthesis of Law and STEM? Law and STEM Collaboration in Entrepreneurship

Abstract

Law and STEM play important and complementary roles in bringing a business to market. Generally speaking, entrepreneurship involves new products or services or new ways of organizing businesses. A key feature of these entrepreneurial opportunities is their novelty. In the STEM context, entrepreneurial opportunities focus on high growth business opportunities that are technologically driven. What makes law and STEM collaboration unique in the area of entrepreneurship is that there is novel business activity that carries substantial sustained risk from the transition from firm founding to ultimate liquidity event, often in the form of IPO or acquisition by a larger company. This essay explores the relationship between law and STEM.

Keywords: STEM, entrepreneurship, innovation

JEL Classification: K22, O30