National law firm Polsinelli announced today a three-year sponsorship commitment totaling $57,000 to support the St. Louis-based IT Entrepreneurs Network (ITEN). Beginning in 2014, Polsinelli will deliver in-kind services to ITEN’s startup tech companies in need of legal counsel, as well as provide mentoring services and general support for the organization’s unique “Mock Angel” program. Several Polsinelli clients, including entrepreneurial success stories Aisle411 and FoodEssentials, are graduates of the program.
“The opportunity to support the important work of ITEN and its critical role within the local startup technology community is yet another example of our firm’s commitment to entrepreneurs,” Christopher C. Swenson, shareholder at Polsinelli said. “Our attorneys take pride in helping these St. Louis-based innovators not only grow their companies, but also grow our region as a whole.”
"Polsinelli has long supported the entrepreneurial community within St. Louis," Jim Brasunas, founder and executive director of ITEN said. "The firm is well recognized for its ability to serve the needs of emerging technology companies by finding real answers to the tough challenges they face. This sponsorship arrangement with ITEN will help to ensure the continued growth and momentum of the startup ecosystem in the St. Louis region for many years to come."
As a result of Polsinelli’s experience, passion and focus, the firm represents more than 100 emerging and entrepreneurial companies in the St. Louis area, including companies in life sciences, energy, and information technology industries. Specific examples include:
• Representation of a family office in a purchase of a registered investment adviser with $3 billion under management
• Formation of a private fund for the investment of up to $2 billion of a public charity’s endowment
• Formation of a $50 million venture fund, $10 million angel investor fund, and a $50 million real estate opportunity fund
• Representation of eight of 42 Midwestern companies that presented at InvestMidwest
• Representation of 15 of 38 Missouri companies that received Missouri Technology Corporation funding
• Representation of 23 of 35 BioGenerator portfolio companies
• Representation of five of the 10 “Startups to Watch” in 2014 as listed by the St. Louis Business Journal
In addition, Polsinelli’s entrepreneurial services and emerging technology attorneys work closely with multiple organizations in the St. Louis area, annually providing sponsorships and pro-bono services totaling more than $150,000. These organizations include: Arch Grants, Olin Cup, Capital Innovators, StartUp Connection, Innovate St. Louis, Saint Louis University’s Center for Entrepreneurship, Lab1500, Innovate VMS, Center for Emerging Technologies (CET), The Discovery Competition, and The YouthBridge Social Enterprise and Innovation Competition (SEIC).
ITEN serves more than 230 startup ventures in the St. Louis area and involves more than 70 highly qualified mentors and volunteers. ITEN's generous sponsors include the Missouri Technology Corporation, the St. Louis Economic Development Partnership, the Ewing Marion Kauffman Foundation, the Gateway to Innovation Conference, CenturyLink, the Reinsurance Group of America, the St. Louis Arch Angels, AHM Financial, and the iSelect Fund, among others.
For more information contact Public Relations Manager Heather McMichael, 816-223-8780, email@example.com
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ITEN is a 501(c) 3 not-for-profit corporation. As catalyst for tech startups, ITEN provides unique programs, events, and access to resources that accelerate venture success. ITEN's programs form a venture roadmap from concept through design, prototype, launch, revenue, funding and rapid scaling. Guidance from serial entrepreneurs, subject matter experts and important community influencers helps entrepreneurs focus on essential critical tasks and avoid wasted efforts. Access to investors, key service providers and qualified talent means lower barriers to rapid growth. Designed by entrepreneurs for entrepreneurs, requiring neither payment nor equity, ITEN is a unique community asset and a proven route to venture success. Visit ITEN’s website at www.itenstl.org.