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Varnum to Provide Legal Services for Winners of Accelerate Michigan Innovation Competition

October 8, 2015

As a recognized leader in the startup and emerging business sector through legal services including the MiSpringboard program, Varnum is proud to be a sponsor of this year's Accelerate Michigan Innovation Competition.

Now in its sixth year, the competition is an international business event designed to highlight Michigan as a robust and vibrant venue for innovation and business opportunity, featuring 50 high-tech companies competing to win $1 million in prizes.

Included in Varnum's sponsorship of the event is a contribution of $5000 in legal services through the MiSpringboard program, Varnum's $1 million commitment in free legal services to Michigan entrepreneurs and startups. Services provided to MiSpringboard clients are based on individual needs, but often involve formation and shareholder agreements, equity and debt financing, contract review and other services typical for new businesses. More than 160 Michigan businesses have received legal assistance through the MiSpringboard program so far.

The Accelerate Michigan Innovation Competition is led by the Business Accelerator Network for Southeast Michigan (which includes Ann Arbor SPARK, Automation Alley, Macomb-OU INCubator, and TechTown), the Business Leaders for Michigan, the University Research Corridor (Michigan State University, the University of Michigan and Wayne State University) and the New Economy Initiative.

The three-day competition is set for Nov. 3 – 5 at various locations throughout downtown Detroit, including the Guardian Building, the Westin Book Cadillac, and Orchestra Hall. More information can be found at acceleratemichigan.org.

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