Theodore C. Theofrastous

Representative Investment and Securities Matters

• Design and support more than $100 million in securities offerings between venture capital funds, private investors and early-stage ventures
• Design and structure the private placement of equity securities and technology transfer arrangements for a range of life science start-up companies sponsored by the Cleveland Clinic Foundation
• Serve as outside investment and fund counsel for several small, privately held funds investing in early-stage technology startups
• Structure and implement a series of Qualified Opportunity Zone funds investing in complex technology startups and commercial real estate
• Draft offering and transactional materials for over USD $2 billion in international placements of interests in private equity fund offerings in the United States, the Cayman Islands, the Channel Islands and Germany

Complex Technology Commercialization and Industry Initiative

• Serve as outside general and transactional counsel to dozens of complex technology-based startup ventures
• Build and implement a startup program resulting in a portfolio of more than a dozen early-stage venture offerings based on research developed at the Cleveland Clinic Foundation
• Draft and negotiate numerous technology transfer transactions involving an array of intellectual property, equity and royalty exchanges between research institutions, startups, non-profit technology partners and large industrial concerns
• Design and implement intellectual policy development, technology evaluation and tech transfer operations for a pre-eminent children’s hospital
• Design and lead legal and strategy components of a large regional hospital system in the development of intellectual property policies and internal operations related to industry collaborations and technology transfer
• Develop and implement master research frameworks for technology-focused non-profit and government research operations

Other Representative Initiatives & Transaction

• Structure and develop a national non-profit investment fund focused on economic development through investment in early-stage technology startups by philanthropic, state government and community stakeholders
• Plan and develop translational and applied technology accelerators and shared scientific resource centers in partnership with a range of regional economic development, state and federal stakeholders
• Develop and implement a technology commercialization network to organize and streamline technology opportunity assessments arising from university research aimed at the Air Force Research Laboratories and NASA

Professional Affiliations

• American Association for the Advancement of Science
• American Association of University Technology Managers
• American Bar Association
• Cleveland Metropolitan Bar Association
• Licensing Executive Society
• Ohio State Bar Association

• Ohio
• U.S. District Court, Northern District of Ohio

• The North East Ohio Musical Heritage Association, 2010 – Present
  • Founding President
  • Trustee
• Classrooms to Corporations, 2013 – Present
  • Past Board Member
  • Emeritus Board Member
• Ohio Invents, 2014 – Present
  • Founding Chairman
  • National Pro Bono Steering Committee, Member

Publications

• International Commercial Arbitration in Europe: Subsidiarity and Supremacy in the Light of the Delocalization Debate, 31 CASE W. RES. J. INT’L L. 455 (1999).
• From Nuremberg to Rome: A Step Backward for U.S. Foreign Policy, 31 CASE W. RES. J. INT’L L. 47 (1999) (with Henry T. King).
• Security and the Economy: The North American Computer and Communication Infrastructure, 29 CAN.-U.S. L.J. 225 (2003).
• Academic Medical Centers and Conflicts of Interest – Poison Fruits of the Federal System?, 31 CAN.-U.S. L.J. 269 (2005).

Teaching

• Adjunct Professor of Law and Engineering, Case Western Reserve University
  • Distinguished Practitioner in Residence, Director of the FUSION Certificate Program, 2010 – Present
  • Managing Attorney, IP Venture Clinic
    • Lead faculty managing the IP Venture Clinic, an accredited student legal practicum focused on venture formation and intellectual property cultivation
  • Venture Law and Finance, 2014 – Present
    • Practical skills program examining the formation of venture capital finance, deal terms, financial modeling and transactional fundamentals
  • The Management and Commercialization of Intellectual Property – The Weatherhead School of Management, 2009 – Present