Rocky Mountain Innovation Initiative Inc.
Innosphere Fund II: Colorado’s Science and Technology Seed Fund
Fort Collins, CO
Seed Fund Support
Federal Share: $287,728.00
Local Match: $300,000.00
Innosphere will plan, form, market and launch its second seed stage venture capital Innosphere Fund II in Colorado to address the significant lack of early stage equity capital for the State’s advanced industries. Fund II will be $20 million and will provide funding continuity to the successful implementation of Innosphere’s first fund launched in 2017. The second fund will continue to address Colorado’s deficiency in local seed stage capital and local lead investors and focus on Colorado based science and technology startups with high growth potential, including university startups. Innosphere will work with its existing university partners, local governments and the state to implement Fund II. EDA SFS funding will address the immediate risk factors in forming a second fund, including: investor outreach, investor education, marketing, final closing, and fund operations. Fund II expects to support over 200 new jobs in the science and technology sector.