Should I help my Professor?

This is a general question that I'm trying to figure out the value, and potential negatives......so please leave a comment.

My Business Continuity/Disaster Recovery professor, Mary Sandy, is developing a new Disaster Recovery product. Of course, I have no knowledge on the specifics...but by the way she is directing class I'm thinking it could be some sort of dashboard utility that keeps track of hardware and the existing backup (or recovery) procedures of a company. It could be more...it could be less. I have to sign a Non-Disclosure agreement (NDA) to find out any additional details.

Anyway, she needs someone with some of my skills (like Database design and programming) to help create the product. She is currently an independent consultant, but has worked for Gartner, Comdisco, and other companies in the past.

This almost seems like a rhetorical blog question, but I'd love to hear people's opinions on the benefits/drawbacks they may see in doing something like this.