News
March 27, 2013

The Center for Emerging Technologies (CET) and the St. Louis office of national law firm Polsinelli Shughart have combined their decades of experience and service helping entrepreneurs grow their companies to form “Advance St. Louis.” The program, which will launch in April 2013, consists of an annual series of seminars and interactive sessions designed to provide technology entrepreneurs with the business acumen and hands-on knowledge necessary to take their early stage businesses to the next level.

Advance St. Louis will feature in-depth, comprehensive sessions on topics deemed vital for entrepreneurs competing in highly aggressive technology industries. The partnership between CET and Polsinelli Shughart is a natural combination. Both organizations have experience in assisting entrepreneurial entities in the high-growth sectors of bioscience and advanced technology.

“This partnership with Polsinelli Shughart will enable CET to provide these growing companies with an exceptional and expanded array of topics presented in new and varied formats,” Barbara Enneking, CET Vice President for Enterprise Development said. “We are very excited to be able to offer this innovative program which targets the more experienced entrepreneur and will help to address the needs of those companies transitioning from start-up stage to high growth.”

“We’re honored to be involved at a hands-on level with these amazing entrepreneurs, many of whom often have a promising technology but may lack the specialized business knowledge and skills necessary to take their entities to the next level,” said Andrew T. Hoyne, shareholder at Polsinelli Shughart. “Advance St. Louis will provide advanced commercialization education to these sophisticated technology companies so that they continue to grow and create robust locally-based enterprises in the St. Louis region.”

Polsinelli Shughart is on the forefront of delivering legal services for entrepreneurs nationwide with the attorneys and resources in St. Louis, Kansas City, Chicago, Denver and Phoenix. The firm’s Entrepreneurial and Emerging Technology Companies (EETC) segment helps promising companies in a variety of industries with legal services including intellectual property issues, financing, and corporate matters that are designed to take businesses from an idea to the market.

CET is a nationally recognized enterprise that provides the specialized facilities, knowledgeable support services, entrepreneur education and training programs, and the access to capital needed to establish and develop next generation bioscience, medical and other advanced technology companies.

The Advance St. Louis programs will kick off this spring with the following exciting sessions:

• Advanced Topics in Technology Patent Law – April 3, 2013.

Patent attorneys and intellectual property litigators from diverse technology backgrounds will cover a range of advanced topics in patent law relating to cutting edge technologies including IT, medical devices and biotechnology. The program will cover the most recent case law developments impacting high-tech businesses, important changes to U.S. patent law under the America Invents Act, and the impact of non-practicing entities on patent enforcement.

• Board of Directors – April 17, 2013.

Experienced board members, entrepreneurs, and legal and D&O insurance experts will gather to discuss common issues related to the boards of directors of startup and experienced companies. This program will include director selection and recruitment, director fiduciary duties and potential liability, director compensation, and best practices for a board of directors.

• How to Successfully Structure and Complete a Friends and Family Financing Round - May 8, 2013.

Entrepreneurial, legal and finance experts will present and discuss how to structure and implement a friends and family financing round. The session will include setting the terms of a friends and family financing, the pros and cons of debt vs. equity financing, valuation and pricing issues, early planning for subsequent financing rounds, strategies for reaching out to prospective investors, complying with securities law requirements, proper legal documentation and how to manage the financing process.

• Dealing with University Technology Transfer Offices – May 15, 2013.

Technology transfer professionals and legal advisors for startup companies will discuss how to work with the tech transfer offices of research institutions, including the opportunities and challenges in developing IP with, and licensing IP from universities, whether it involves your own work or the work of others. Learn about the most common types of licensing arrangements, alternative strategies, and factors influencing tech transfer policies and decisions.

• Chief Financial Officer Roundtable – June 5, 2013.

Financial, accounting and audit protocol experts will address concerns typical of Chief Financial Officers in the emerging technology segment. Discussion topics will include controlling cash burn, preparing the company’s financial statements, valuation issues in early and subsequent financing rounds, completing the company’s audit, tax issues affecting the company, and managing the ever-expanding role of the CFO.

Sessions for Advance St. Louis will be held at CET located at 4041 Forest Park Ave, St Louis, Missouri. For more information about registering for the program contact Heather Beaven, Director of Operations at 314-615-6915 or HBeaven@emergingtech.org. Registration for most programs is $30 and reservations must be made in advance. The programs for fall 2013 will be announced at a later date.

For more information contact Public Relations Manager Heather McMichael, 816-223-8780, hmcmichael@polsinelli.com

About CET
CET is a not-for-profit organization dedicated to providing business consulting and development services to technology-focused companies during their early stages. It is the State of Missouri-designated innovation center for the St. Louis region and is affiliated with the Cortex Innovation District located in Midtown St. Louis. CET opened its first facility in 1998 and currently occupies 92,000 sq. ft. containing wet lab and other incubator space for startup bioscience, medical, and advanced technology companies. Over the past 14 years, CET has nurtured 47 companies that have collectively attracted over $774 million in funding while at CET. It currently has 23 tenant companies, nine started by individuals from previous CET companies. www.emergingtech.org

About Polsinelli Shughart
Serving corporations, institutions, entrepreneurs, and individuals, our attorneys build enduring relationships by providing legal counsel informed by business insight to help clients achieve their objectives. This commitment to our clients’ businesses has helped us become the fastest-growing, full-service law firm in America*. With more than 630 attorneys in 16 cities, our national law firm is a recognized leader in the industries driving our growth, including health care, financial services, real estate, life sciences and technology, energy and business litigation. The firm can be found online at www.polsinelli.com. Polsinelli Shughart PC. In California, Polsinelli Shughart LLP.

*Inc Magazine, September 2012

For more information about Polsinelli Shughart contact Anne Frohock, regional marketing manager at 314-889-7089 or afrohock@polsinelli.com.