Colorado and Utah Venture Capital


Fort Collins, Sept. 29, 2022 (GLOBE NEWSWIRE) — Innosphere Ventures, a Fort Collins-based science and technology-focused incubator, is participating in the Northern Colorado (NoCo) Trade Mission to Salt Lake City, Utah. The trade mission is designed to include leaders from government, business, and nonprofit organizations interested in advancing Northern Colorado’s economy. During the trip to Salt Lake, the group will study the startup ecosystem, economic development strategy, venture capital landscape, and overall approaches to the economic health of the region. In preparation for the event, Innosphere released a comparative analysis of Utah’s and Colorado’s venture capital ecosystems, showing evidence of rapid progress over the past decade in both states.

Over the past decade, Colorado and Utah have consistently been among the fastest growing venture capital ecosystems, with both states reaching the top 15 national rankings for venture capital deployment in 2021. Colorado and Utah have raised $10 billion in venture capital funding in over 650 countries. total offers. Emerging venture capital centers such as the Denver Metropolitan Statistical Area (MSA) and the Salt Lake City MSA have continually led their respective states in total venture capital activity and provided a vital boost to ecosystems venture capital.

Colorado and Utah are states striving to position themselves as engines of technology-based economic development. They pursue similar strategies: leveraging intellectual property and commercialization created by the university, pursuing targeted industries, and surrounding local startups with advanced support and programming.

“Each state/region has the opportunity to start building more locally available venture capital. This is especially important at the angel and seed investor stage, as this is where tech companies benefit much more from local investors,” said Mike Freeman, CEO of Innosphere. “It is also important to continue to advance the capacity of research universities and federal laboratories in each state to accelerate commercial activity. Every state gets significant federal grants in pursuing the development of new technologies, and accelerating this path to market for these opportunities will produce real economic results.

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