3 Colorado accelerators receive funding bump from feds

DENVER BUSINESS JOURNAL - Three Colorado firms that specialize in launching startups received a boost of their own today from the federal government.

The U.S. Small Business Administration’s Office of Investment and Innovation divvied up $3.4 million to 68 growth accelerators, including three in Colorado. Each of the accelerators has won $50,000 in the third annual competition meant to draw attention to financing gaps in the entrepreneurial ecosystem.

The Colorado winners include Innosphere in Fort Collins; MergeLane in Boulder; and SCAPE (Southwest Colorado Accelerator Program for Entrepreneurs) in Durango.

“Accelerators serve entrepreneurs in a broad set of industries and sectors – from manufacturing and tech start-ups, to farming and biotech – with many focused on creating a diverse and inclusive small business community,” said Edward Cadena, SBA’s Colorado District Director. “SBA is continuing to make advances in supporting unique organizations that help the start-up community grow, become commercially viable and have a real and sustained economic impact in our state.”

Read more at the Denver Business Journal: http://bit.ly/2bHHDNx

Copyright 2016 Denver Business Journal


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