FORT COLLINS -- The current economic landscape may look different from 2019, but one factor that remains unchanged is that startups need hands-on business support with dedicated mentors to fuel their strategy and growth.
Startup incubator Innosphere said that's why it is launching an exclusive May/June cohort specifically designed to accelerate the success of science and technology companies, and to provide the needed mentorship to survive the economic fallout of COVID-19.
According to Innosphere, in 2019:
· 10 Innosphere client companies achieved their first revenue in 2019.
· Innosphere had the largest number of graduates in its history with 22 companies successfully completing the program. Graduating from the program is a significant business achievement such as raising capital, hiring talent, or accelerating top line revenue growth.
· In addition to the 42 companies supported, Innosphere also ran a specialized cohort for 11 Artificial Intelligence companies to address one of the fastest growing marketplaces in tech.
· Along with its co-investors, the Innosphere Fund invested $9M across 5 portfolio companies in 2019 alone.