Governor Rick Snyder has unveiled a new program with a law firm that will offer free legal services for about 60 start-up companies a year.
The MiSpringboard program with Varnum law firm will last five years.
Snyder says he would be open to creating similar programs with other law firms that are willing to offer free services for start-ups.
“We’re encouraging people who say they want to be part of this process, and we’re happy to recognize them, but again, we want to give real credit for the people that were innovative and entrepreneurial coming up with ideas and being proactive.”
“I hope it grows both in terms of who is providing services and who is using services.”
Larry Murphy is the managing partner of the law firm. He says one of the benefits of offering free services to start-up companies is the prospect of future paying clients.
“That is one of the benefits that could arise out of this program. The initial purpose is to assist taking these organizations to a business reality.”
“Some of them may very well turn out to be clients in the future.”
The law firm has committed one million dollars for the program.