Office supports two catalysts for innovation, Cleanlaunch Technology Incubator and Cleantech Open
The Denver Office of Economic Development today announced a one-year sponsorship of two leading business groups that are helping to nurture entrepreneurs and start-ups in Colorado’s burgeoning cleantech industry.
The Office of Economic Development grant will support local and regional work conducted by Cleantech Open, a national business plan competition that encourages the development of clean technology companies; and CleanLaunch Technology Incubator, which is designed to stimulate the development and success of early-stage companies that will provide the next generation of clean, renewable and efficient energy technologies.
“Cleantech represents an important economic opportunity and we are committed to making Denver a national leader,” said André Pettigrew, executive director of the Denver Office of Economic Development. “By supporting the organizations that are helping cleantech entrepreneurs, we are planting the seeds for long-term economic growth and the success of a sustainable economy.”
Two Organizations; One Mission
Both CleanLaunch and the Cleantech Open seek to create the infrastructure for a thriving regional industry driven by cleantech innovation.
CleanLaunch was started last July. The public-private partnership includes Burt Technologies, Clifton Gunderson, Fairfield and Woods, P.C., Brownstein, Hyatt, Farber and Schreck, Setter Roche, Arapahoe County, Jefferson County, and the South Metro Denver Chamber of Commerce, with the assistance of the U.S. Department of Commerce/EDA. Early-stage businesses working with CleanLaunch include GoSmart Technologies, P4P Energy, CW Industries, In2 Networks and Bye Energy.
“The City and County of Denver’s support of CleanLaunch further demonstrates the multi-jurisdictional cooperation surrounding renewable energy in the region, and Mayor John Hickenlooper continues to be a leader who thinks beyond traditional boundaries to achieve a greater good,” said Stephen Miller, President/CEO CleanLaunch.
The Cleantech Open made its first foray in the Rocky Mountain region in 2009 and has attracted broad regional support for its programs for cleantech entrepreneurs. Regional winners of the competition, included Cool Energy and New Sky Energy of Boulder, Colo. and SunTrac Solar of Golden, Colo.
The Cleantech Open has helped connect entrepreneurs with the expertise, talent, and funding needed to create successful, sustainable businesses. Participants in the program benefit from a blend of mentoring, business-school-class training, and an opportunity to win $30,000 in funding and in-kind donations on a regional level, as well as compete for a national grand prize—a “startup in a box” consisting of cash and services valued up to $250,000. Entrepreneurs have until May 22 to register for this year’s competition. More information on the competition is available at http://www.cleantechopen.com/app.cgi/content/competition/business/index.
“Mayor John Hickenlooper’s support of the Cleantech Open is yet another example of promoting more job growth for our new clean energy economy here in Colorado,” said Richard Franklin, chair of the Cleantech Open, Rocky Mountain chapter, based in Denver.
About The Denver Office of Economic Development
The Denver Office of Economic Development is dedicated to advancing economic prosperity for the City of Denver, its businesses, neighborhoods and residents. Working with a wide variety of community partners, OED operates to create a local environment that stimulates balanced growth through job creation, business assistance, housing options, neighborhood redevelopment and the development of a skilled workforce.
About The Cleantech Open
The Cleantech Open is the world’s largest cleantech business competition. Its mission is to find, fund and foster entrepreneurs with big ideas that address today’s most urgent energy, environmental and economic challenges. The program provides the infrastructure, expertise and strategic relationships to turn ideas into successful global cleantech companies. Since 2006, through its one-of-a-kind annual business competition and mentorship program, the Cleantech Open has helped hundreds of clean technology startups bring their breakthrough ideas to fruition, helping alumni contestants raise over $200m and creating an estimated 1,200 green collar jobs. Fueled by a network of more than 750 volunteers and sponsors, the Cleantech Open unites the public and private sectors in a shared vision for making America’s cleantech sector a thriving economic engine. For more information, visit www.cleantechopen.com, and follow @cleantechopen on Twitter.
The CleanLaunch Technology Incubator’s mission is to stimulate the development and success of early-stage companies who will provide the next generation of clean, renewable, and efficient energy technologies. CleanLaunch helps companies assemble solid management teams, secure adequate funding, and accelerate the commercialization of sound product ideas into the market. CleanLaunch grew out of a group of technology incubators, including Boulder Technology Incubator (BTI), Denver Ventures at Stapleton (CTEK Stapleton) and the Longmont Entrepreneurial Network. As part of its mission, CleanLaunch partners with industry leaders, including NREL, the Governor's Energy Office, the Colorado Renewable Energy Collaboratory (Colorado State University, Colorado School of Mines, University of Colorado), CORE, and the Colorado Clean Tech Industry Association to further the advancement of clean tech in Colorado.