Colorado companies get help from innovators

By: Associated Press
April 4, 2014 Updated: April 4, 2014 at 9:13 am

DENVER — A nonprofit organization that supplies office space and help developing finance and business plans is helping new companies thrive in Colorado.

Officials in Loveland, Fort Collins and Golden, along four local banks and Colorado State University, are backing the company incubator called Innosphere (INN'-oh-sphere). The 15-year-old organization's annual budget is about $1 million.

According to the Denver Post ( ), about 90 percent of Innosphere's companies survive at least five years. Managers say the odds are improved at Innosphere because it's more selective. In 2013, it chose 14 startups from 125 applicants.

The U.S. Department of Commerce says about 40 percent of the estimated 1 million people who start businesses fail in the first year.


Information from: The Denver Post,

Comment Policy

LoginORRegister To receive a better ad experience

Learn more
You are reading 0 of your of 0 free premium stories for this month read

Register Today To get to up to 4 more free stories each and every month

  • Get access to commenting on articles
  • Access to 4 more premium pieces of content!
  • See fewer annoying advertisements
We hope you enjoyed your 4 free premium stories
Continue reading now by logging in or registering
Register Now
Already registered? Login Now