By September 24, 2014 Read More →

Colorado gets $6.6M Defense grant to create jobs

From Denver Startup Week: The state of Colorado has been awarded $6.6 million from the U.S. Department of Defense to continue to create jobs and grow small and medium-sized businesses in the advanced manufacturing sector, Gov. John Hickenlooper and the Colorado Office of Economic Development and International Trade announced Thursday.

The initial phase of implementation will be the creation of centers of innovation, focused on the corridor from Fort Collins through the Front Range to Pueblo.

The centers (up to four as part of phase one) will provide mentoring, technical assistance and equipment necessary to help grow early-stage and proof-of-concept businesses across the advanced manufacturing sector.

Hickenlooper shared the news at the “Base Camp” for Denver Startup Week. Base Camp is a gathering place on the 16th Street Mall for Startup Week participants who are attending events throughout the city. This year’s Base Camp, sponsored by Chase, is at 1515 Arapahoe Street.

Denver Startup Week is a celebration of “everything entrepreneurial,” according to organizers, with events all over the city this week.

The two-year grant will be used to “help small- and mid-sized companies have support to find new customers and to grow,” Hickenlooper said.

Recipients of grant money could be in aerospace, biotech, energy, transportation and logistics and other fields, Hickenlooper said. “There’s a whole range of advanced manufacturing companies we could apply that to,” he said.

“Colorado has long been a vital contributor to the nation’s defense industry,” Hickenlooper said. “More recently, we have proven to be a hub for innovation with five of the top 25 metropolitan areas for startups in the country located here, and our advanced industries are thriving.”

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