Launching a drug development company with novel technology from academia
Our corporate group has worked with hundreds of entrepreneurs at this stage to help them optimally and efficiently select and form the appropriate legal entity
With a continuous commitment to philanthropy and community service, Faber Daeufer & Itrato recently became a corporate sponsor of BUILD Boston, an innovative entrepreneurship program for underserved high school students. BUILD Boston, per their mission statement, endeavors to “ignite the power of youth in under-resourced communities to build Career success, Entrepreneurial mindsets, and Opportunity” so they can become the “CEO(s) of their own lives.”
Philanthropy Committee member Mary Vacherweill explained, “Faber was first introduced to BUILD when one of our attorneys volunteered for the program. When contacted for more information, BUILD prepared an outstanding presentation that detailed the scope and significance of the work they are doing.” The Faber Philanthropy Committee recognized the wonderful opportunity that Faber had to assist young people in underrepresented groups, and to partner with the BUILD program, which has had a proven long-term positive effect.
Under the leadership of Ayele Shakur, who now serves as the CEO of BUILD National, the Boston site has grown to serve more than 300 students from six schools annually. Along the way, the organization launched a variety of innovative pilot programs, including:
“Now, more than ever, America needs entrepreneurship education,” states the organization’s website. “BUILD is recognized as a leader in teaching self-agency, resilience & grit, growth mindset and helping high school students to develop social capital, financial literacy, and valuable 21st Century skills. As an entrepreneurial organization working at the intersection of education innovation, racial equity, and community, BUILD is uniquely positioned to not only address the challenges our students face navigating high school, college, and career success, but also drive lasting social change.”
Through the one-year program, students develop valuable business skills, such as developing business ideas, pitching investors, and managing the day-to-day tasks of running a business. In 2018, BUILD Boston was selected by Boston Public Schools as one of their top nonprofit partners. As stated on the BUILD website, “We now recognize that it’s not enough for us to work within a system not built for equity – we have to work to change the system itself.” Faber is honored to contribute to such an impactful organization. To learn more about BUILD Boston, visit their website at https://build.org/boston/.