To Support a Colorado Seed-Stage Impact Fund
Investors’ Circle (IC) is pleased to announce a $250,000 grant from the U.S. Department of Commerce’s Economic Development Administration’s (EDA) Regional Innovation Strategies (RIS) program. The funding will support the Colorado Seed-Stage Impact Fund (“IC CO Fund”) initiative, which will evaluate the feasibility of a Colorado-focused fund that leverages the infrastructure of IC’s existing series of pooled funds. IC is one of 35 recipients selected from over 215 applicants.
Though Colorado has a vibrant entrepreneurial and investor ecosystem, there remains a significant seed-stage capital gap. According to CB Insights, private capital investment in Colorado companies reached a five-year peak in 2013, but seed-stage companies received only 3% of that funding.
“This seed fund will catalyze additional funding to address the early-stage capital gap and help fill the pipeline of quality growing companies that are creating real social impact in Colorado,”
“If successful, we can apply this model to additional markets around the country,”
says IC’s Executive Director, Bonny Moellenbrock. “We are grateful for the opportunity to increase the flow of capital to innovative entrepreneurs that are addressing social or environmental challenges and growing their local economies.”