Colorado Springs News, Sports & Business

Colorado companies get help from innovators

Associated Press - Published: April 4, 2014

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 (http://tinyurl.com/m87wkap ), 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, http://www.denverpost.com

Comment Policy

Our commenting system has changed. Please register or login with your gazette.com account to comment on a story. Click here for information.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
AUG
22
AUG
23
AUG
24
AUG
25
AUG
26
AUG
27
AUG
28
AUG
29
AUG
30
AUG
31
SEP
1
SEP
2
SEP
3
SEP
4
Advertisement