Ocean Enterprises provides
Ocean Enterprises provides
Welcome to a Biomedical Battery specialist of the Agilent Battery
Getting started is only one of many steps along the path toward business success for innovators like Prieto. As startups scale up they can benefit from a nearby confluence of investors or funding firms — one the resource lacking in Northern Colorado.
“The question is are there good technologies ready to go to market that aren’t getting invested in and therefore the economy is at a loss,” Walker said. "If the answer is 'yes' we need more funding options in Fort Collins.”
Prieto Battery with like Agilent A3 Battery, Agilent E6000 Battery, Agilent E6000A Battery, Agilent E6000B Battery, Agilent E6000C Battery, Agilent E6080A Battery, Acterna Battery, Acterna MTS-5000 Battery, Acterna MTS-5100e Battery, Air Shields Battery, Vickers 2HR-4UC Battery, Air Shields-Vickers JM103 Batteryreceived help from local investors, but organizations outside Colorado are really propelling the startup.
In November, Prieto announced an undisclosed investment from Intel’s California-based New Business Group. Prieto’s full battery can be released through that partnership. In 2014, the startup formed an undisclosed partnership with another company outside of Colorado. That deal enables Prieto to start releasing battery components next year.
There’s always a need for more funding for startups, and a group of investors based in the Fort Collins area could have a “huge impact” on Northern Colorado, said Terry Opgenorth, executive director of CSU Ventures’ NewCo Launchpad program.
During the past five years, CSU Ventures advised about 30 startups that were born from research at the university. The organization houses Prieto Battery which spun off from CSU research in 2009.
Colorado Angel Investors formed in 2013 to identify high-growth potential companies coming out of CSU Ventures, Innosphere and other networks in Northern Colorado. But earlier this year the group consolidated into a chapter of the Denver-headquartered Rockies Venture Club.
Colorado Angel Investors wasn’t drawing interest from enough startups in the Fort Collins area, said DuWayne Peterson, a cofounder of the investor group. The group of roughly 20 investors also worried it was not seeing the best pitches in the state.
“The tricky thing now is keeping our focus on Fort Collins,” Peterson said. On the bright side, the new Rockies Venture Club partnership can potentially expose city startups to roughly 150 investors around the state.
This year, one of the five startups the RVC invested in was from Fort Collins — hemp research company New West Genetics. Another six startups are in the funding pipeline, but they’re all from Denver, said Ian McConville, program manager at RVC.
McConville said the RVC doesn’t readily have information on how many Fort Collins startups were funded by the group in past years. He said RVC members can independently invest in startups, but that information is not tracked.
Looking at the track record of Fort Collins-based Blue Ocean Enterprises provides insight as to what more local investment groups could mean for the city. The organization cofounded by Curt and Nancy Richardson has invested in 10 high-potential private companies since 2011.
Eight of those companies, including Richardson’s company Otter Products, are headquartered in Fort Collins, according to Blue Ocean’s website. Blue Ocean also sponsors collegiate and professional entrepreneurs through the annual CSU Blue Ocean Enterprise Challenge. Several Fort Collins companies compete in the competition.
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