Cohort Five of the Legal Innovation Zone’s Concept Framework Program is Accepting Applications from Aspiring Legal Tech Entrepreneurs
After four successful cohorts, The Legal Innovation Zone (LIZ) at Toronto Metropolitan University (TMU) is now accepting applications for their fifth cohort of Concept Framework. Running from March 28th to May 9th, this program helps aspiring entrepreneurs in the legal tech industry turn their ideas into proof of concept.
Concept Framework is a free six-week, part-time, interactive program that invites legal innovators, nationally and internationally, to explore what it takes to build a legal tech company. Through engaging, interactive content and ongoing mentorship, entrepreneurs are challenged to put their ideas to the test.
Participants will get the opportunity to validate their concept, develop key messaging, and understand their customer base. They will also get the opportunity to do some prototyping, creating a Minimum Viable Design, begin creating a sustainable business model and develop an execution strategy to set them and their business up for success.
Since launching the first cohort in 2019, Concept Framework has helped advance and develop fifty-two legal tech startups from over thirteen countries. “One of the most intimidating parts of starting a successful business is taking your theoretical idea out of your mind and into reality,” says Hersh Perlis, Director of the LIZ. “Concept Framework is a program to help aspiring entrepreneurs do just that. Through ongoing mentorship, expert guidance, and engaging online content, Concept Framework gives legal tech entrepreneurs a better idea how to turn their ideas into a business.”
Concept Framework Program Breakdown
Concept Validation
What problem are you trying to solve? Fall in love with solving the problem with a focus on the consumer.
Customer Development
Who is your ideal customer? Understand who you’re selling the solution to and how to build a user base.
Prototyping
What will your solution look like? Create a Minimum Viable Design - without being a technical expert.
Storytelling
How are you going to present your business to the world? Develop your key messaging to win early supporters.
Business Modelling
How can you set yourself up for success? Learn key considerations to build a sustainable business model.
Setting up for Success
Where do you go from here? Develop a clear execution strategy to move you forward after completing the program.
The deadline to apply for the fifth cohort of Concept Framework is March 20th. The program begins on March 28th. Sessions will run once a week for six weeks, working with engaging interactive online content and topic experts. To learn more and apply, please visit our application page.
