MiSpringboard is Varnum’s initiative designed to remove some of the barriers associated with starting a business by providing legal services grants to qualified startups and emerging companies. Through the program, entrepreneurs gain access to experienced attorneys who help address the legal challenges involved in launching and growing a business.
Supporting Michigan Startups Since 2011
Varnum launched MiSpringboard in 2011 with a commitment of $1 million in legal services grants to support Michigan entrepreneurs and strengthen the state’s innovation economy. Due to the program’s success, Varnum has renewed its commitment multiple times, providing more than $4 million in legal services grants to date.
Since its launch, MiSpringboard has served more than 1,000 clients across 175 Michigan communities, 26 states, and five countries. Clients represent industries ranging from technology and health care to consumer products, manufacturing, energy, and financial services.
MiSpringboard has also developed relationships with more than 70 referral partners, including economic development organizations, universities, accelerators, and investor groups throughout Michigan.
Who Is a Good Fit for MiSpringboard?
MiSpringboard is designed for innovative startups with the potential to scale and grow. Strong candidates typically:
- Have a written business plan
- Provide innovative solutions to problems
- Can be from any sector of the economy
- Often use technology to help deliver value to customers
- Have founders willing to devote substantial time and energy to the business
- Have potential to attract investors
- Demonstrate a need for Varnum’s legal support
Personal service businesses, small retail businesses, and part-time lifestyle businesses are generally not strong candidates for the program.
