Tuesday November 22, 2016 0 comments
FORT COLLINS -- Galvanize Fort Collins, which opened to fanfare as an innovative tech campus and startup incubator in August 2015, will close to the public at the end of the year.
In an email sent to staff, Galvanize co-founder and CEO Jim Deters said the downtown space will close on Dec. 31.
Deters said the building will remain an office for Galvanize corporate employees while the company negotiates with interested parties about taking over its lease.
“As you all know, at the core of Galvanize’s mission is ensuring that every campus delivers not just a rigorous classroom curriculum and experience but also provide students and members with a vibrant ecosystem -- a robust entrepreneurial culture where students and members are most likely to thrive,” Deters said in the email.
“We hold ourselves to high standards; we also operate within the realities of unit economics, and we determined that in Fort Collins it was not economically sustainable to provide the caliber of Galvanize experience on that campus that both our students and members deserve and expect from us.”
Galvanize opened the Fort Collins campus in August 2015 with 33 companies working out of the former Sunset Events Center owned by Fort Collins-based Blue Ocean Enterprises.
Galvanize later opened a public café in the building and launched web development classes. The campus also offered members-only programming on topics including growth and fundraising as well as networking events, panels and "fireside chats" with startups and industry leaders.
Galvanize’s co-working levels varied in size and price, ranging from a $349 per month seat in its open seating area to a rentable private suite for larger teams at $479 per person.
The addition of a Fort Collins campus was part of the Denver-based company’s vision to connect Front Range communities, Deters said.
Over the past nine months, Galvanize launched new campuses in Boulder and Austin, Texas. New campuses are set to open in Phoenix and New York in 2017, the company said.