Your startup or emerging company has serious potential. You have the invention, the plan and the vision, but are having difficulty gaining traction. Like most such companies, you probably can’t afford the legal services that you need to successfully finance and grow your business. Eaton Peabody’s Innovative Enterprise Program (“IEP”) recognizes these fundamental challenges and addresses a key component in the growth of emerging companies: the cost-effective provision of legal services.
“I have noticed an energy and vitality in this group which comes just from working with the startups we serve. Entrepreneurs have a passion for what they do, and it is amazing to be able to contribute to the success of their ventures.” – Jeff Spaulding
The IEP helps participant companies by minimizing legal costs without compromising legal counsel or future opportunities. For example, within a month of accepting our first applicant, we provided securities, corporate and intellectual property services to assist this promising early-stage company in raising over $400,000 in angel capital.
Since that time several participants have used the Program as an effective tool in their overall strategy to take their companies to the next level of growth.
“Our IEP is just one more commitment to working with these types of emerging companies. It is uniquely gratifying to see these businesses grow and succeed, and to watch the resulting impact on our local communities and our State” – Jeff Spaulding
Successful applicants to the IEP include startup and emerging companies that can demonstrate significant expansion potential in the following high-growth sectors: biotechnology, composite materials, energy, green/clean technology, information technology, precision manufacturing, and innovative wood products.