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Is Denver the next Silicon Valley?

2:21 PM, Mar 26, 2013   |    comments
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KUSA - A Denver businessman is on a mission to establish our city as the new Silicon Valley. He says there are a lot of things that make the Mile High city an easy sell for budding entrepreneurs.

Chris Basham is the COO and co-founder of TrackVia, a company that makes cloud-based software that other companies can use to build customized online spreadsheet and business-tracking tools. Last year, they won a $7.1 million venture capital investment that went into expanding TrackVia's engineering, national marketing and sales. 

Basham says venture capitalists are one reason Denver is bursting with thriving tech start-ups. Besides TrackVia, other examples include Photobucket, Rally Software, and ReadyTalk. He believes other factors that are powerful lures for new tech firms include the city's cost of living, and its beauty.

A number of other factors are also at play. Colorado is ranked #8 on CNBC's list of best states for business. Metro Denver scored #5 on Forbes' 2012 "Best places for business and careers" list, while Fort Collins came in at #3. USA Today ranks Boulder/Denver as a top 10 city for technology start-ups. Moreover, Colorado, on a per capita basis, is well ahead of other states in the areas of green technology, health care, telecom, energy, aerospace, bioscience, high tech, health food and organics.

Among companies that have relocated or expanded operations to Colorado are Arrow Electronics, Vestas Wind Systems, DaVita, Lockheed Martin, Hitachi Data Systems and the new U.S. Patent and Trademark Office.

Analysts say all of these moves signal recognition of Colorado's unique quality of life, business-friendliness, availability of capital and drive to spur innovation.

(KUSA-TV © 2013 Multimedia Holdings Corporation)

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