- Innovation and Entrepreneurship
In just over a year, EDA Regional Innovation Strategies (RIS) grantees the Telluride Foundation and its Telluride Venture Accelerator have helped create an additional $13 million in capital for early stage ventures, specifically for companies located in rural and remote parts of Colorado. The additional capital raised complements their strategic effort to foster commercialization and entrepreneurship within the Southwest Innovation Corridor that connects new companies and entrepreneurs with diverse resources to maximize economic opportunity for the region. Telluride Angels and Telluride Venture Fund are two of the only early-stage investment funds in Colorado’s southwest region and have helped surface high, early stage investment demand.
Key accomplishments to date:
While access to capital has been a challenge for entrepreneurs in western Colorado in the past, Telluride is confident that it has created a new level of entrepreneurial activity and momentum that will lead to hundreds of additional investments in rural based ventures over the next 5 years. The result will lead to the creation of hundreds of new jobs and a new sense of hope and opportunity for entrepreneurs in the region.
“As a country we are at a unique tipping point where entrepreneurial ecosystems are emerging in small and large communities alike. In order to ensure everyone has the ability to participate in the future economy, we need to focus on fostering jobs and opportunity through entrepreneurship across small town America.”
~Marc Nager, Vice President of Innovation, The Telluride Foundation