Tuesday July 10, 2018 0 comments
The program marks the first time the RVC HyperAccelerator had a vertical focus on companies with a social, environmental or economic impact on communities.
RVC said attendees learned from industry experts; participated in an immersive business accelerator program covering topics including lean business planning, go-to-market strategy, venture capital, company valuations and financial planning.
Throughout the week, participating companies were paired with mentors, many of whom are active angel investors.
Steve Albers, CSU Ventures associate director, presented the importance of federal funding as a source of non-dilutive capital for early-stage impact companies, the federal funding process and best practices, highlighting the Small Business Innovation and Research (SBIR) and Small Business Technology Transfer (STTR) programs as primary capital resources for new impact businesses.
The Colorado Office of Economic Development & International Trade (OEDIT) partnered with Rockies Venture Club to sponsor three of the seven Impact companies participating that had just received funding from the OEDIT Advanced Industries Accelerator Grant Program.
Two of the three OEDIT sponsored companies, MFB Fertility and Synthio Chemicals, are currently participating in Rockies Venture Club’s industry-leading due diligence program and will be open for investment shortly.
According to Amy Beckley, founder of MFB Fertility and RVC Impact HyperAccelerator graduate, participating in the program was “truly an awesome experience and I am grateful for the opportunity to learn from such wonderful mentors.”
The half-day event showcased the RVC Impact HyperAccelerator graduates to an audience of nearly 200 viewers from cities along the Front Range including Denver, Boulder, Fort Collins, and Colorado Springs.