This EDA investment supports the rockies venture institute with creating a business accelerator program and expanding access to startup mentorship and services in denver, colorado

The Department of Commerce Economic Development Administration (EDA) awarded a $325,000 Project Grant to the Rockies Venture Institute under the Economic Adjustment Assistance (EAA) program. The grant will support the creation of a business accelerator program in Denver, Colorado to expand access to startup mentorship and services. The program includes four main elements: three hyper accelerators to provide intensive mentorship to startups, a monthly pitch academy to help entrepreneurs refine their business plans and pitches, three investor connections events to facilitate startup funding, and five rounds of follow-up engagement with investors and syndication support. These elements are designed to help Colorado entrepreneurs secure investors and grow their businesses, fostering new private capital investment, partnerships, and job creation to boost economic resiliency in the region. The grant has a completion date of November 2024.

The program will feature four main elements: three hyper accelerators, a monthly pitch academy, three investor connections events and the five rounds of follow-up engagement with investors and syndication. The four elements will help entrepreneurs in colorado secure investors and grow their businesses. Once implemented, the program will foster new private capital investment, partnerships, and job creation, while bolstering activity for existing businesses, to boost economic resiliency throughout the region.