Case Study of Gujarat National Law University Legal Incubation Council, Gandhinagar (Case Study)
Industry plays a vital role in development of any country. To realize goal of industrialization, we need to promote the spirit of entrepreneurship and startups. Supporting students by providing funds and grants for their startups during their academic endeavor is the best way to promote startups. These startups are supported by Entrepreneurship Cell (E-Cell) setup at institutions and colleges. External agencies like banks, angel investors etc. also help in providing funds to these student startups. Generally, startups are created by people having engineering and management background but now the scenario has changed. People from diverse backgrounds i.e., arts, law, medical etc. are presently working with some exceptional startups. Similarly, one of these is Legal Startups. During the last five years there is a tremendous increase in the number of legal startups which have been established in India. Some of the startups are working pro-actively in this field. In order to increase the number of startups in this field there is a vital need of support in the form of E-Cell and Incubators at every possible organizations/institutions. Observing the present requirement, Gujarat National Law University (GNLU), Gandhinagar came up with idea of establishing a “GNLU Legal Incubation Centre” in the year 2014 which is now a registered company under Companies Act, 2013. This paper will discuss about legal startups in India, incubators for legal startups in India etc. with main focus on GNLU Legal Incubation Council which is India’s first of its kind incubators in India.
Key Words: - Incubator, Startups, Legal, Law