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Lyft Locates Driver Hub in Steam on the Platte

Rideshare company Lyft has opened a driver Hub at Steam on the Platte in Denver’s Sun Valley neighborhood.

Lyft chose Steam on the Platte for its driver support center because of its convenient access to highways and thoroughfares, as well as the development’s location in the heart of Denver.

When development firm Urban Ventures was discussing the types of tenants it wanted to locate in Steam on the Platte, words like entrepreneurial, energetic and pioneering came to mind, says Susan Powers, president of the firm.

“We love the values of Lyft,” Powers says. “We love the way you treat your drivers and customers.”

Steam on the Platte is within walking distance of the Auraria campus and the Broncos' stadium. It also is at the intersection of the Lakewood Gulch and Platte River bike paths and a short walk to two light-rail stations at Decatur-Federal and West Auraria.

Urban Ventures and White Construction Group formed a partnership to acquire the property in 2014 from the estate of the late Englewood-based real estate agent Arvin Weiss. At the time of the acquisition, there were two illegal marijuana grows operating and the Evil Souls motorcycle gang had taken over one of the buildings as its clubhouse.

Urban Ventures and White have since created a mixed-use project that has attracted several other tenants in addition to Lyft. NIMBL, a technology consulting company, moved into the space in September. Two Denver architecture firms also have moved into Steam: Olson Lavoie and Davis Wince.

Urban Ventures and White Construction have started working on the next phase of the project: converting a 6,000-square-foot former gas station with a bowstring roof into a restaurant. The other buildings on the 3.2-acre site have been demolished to make way for more office space and residential buildings.

Delta Dental leases space at Catalyst HTI

Delta Dental of Colorado is the latest healthcare company to announce it will locate at the Catalyst Health-Tech Innovation (HTI) development in Denver’s River North district.

Delta Dental will lease 2,000 square feet on the second floor of the building. The nonprofit dental insurer plans to use the space as a center for collaboration and innovation, working alongside startups and larger companies within Catalyst HTI and inviting in entrepreneurs to develop and test new concepts.

“The oral healthcare industry is seeing the development of exciting new, innovative technologies that have the potential to significantly, if not dramatically, improve patient outcomes and care,” says Helen Drexler, president and CEO of Delta Dental of Colorado. “As the state’s leading dental benefits provider, it is imperative that we’re at the forefront of these efforts and on the leading edge of developing the future or oral healthcare.”

Catalyst HTI is an “industry integrator” bringing together a full spectrum of stakeholders in healthcare. Startups will have access to potential clients and investors in established companies. The project is being jointly developed by Koelbel and Company and health-tech entrepreneur Mike Biselli and the landowners.

Delta Dental joins a growing number of health-tech startups and healthcare organizations, including Hitachi, University of Colorado Anschutz Medical Campus, Kaiser Permanente, American Diabetes Association, Prime Health and Medical Group Management.

“Delta Dental broadens the conversations within Catalyst HTI in important ways and expands the community’s opportunities,” Biselli says. “Delta Dental is a perfect fit for this ecosystem, both as a leading voice on the importantce of oral health and as a health and wellness company with an intense focus on innovation.”
 

Colorado Enterprise Fund gets $776,500 grant

The Colorado Enterprise Fund has received a $776,500 grant to support its small-business lending and technical assistance programs statewide.

Colorado Enterprise Fund is among seven Colorado Community Development Financial Institutions (CDFI) to receive a grant from the U.S. Department of Treasury’s Community Development Financial Institutions Fund. Other recipients include Denver -based Mercy Loan Fund, Mile High Community Loan Fund and Triple Bottom Line Foundation, as well as Aurora-based Community Enterprises Development Services. Outside of Denver, First Nations Oweesta Corp. in Longmont and La Plata Homes Fund in Durango received awards.

“We are honored to receive this funding from the CDFI Fund again this year,” says Ceyl Prinster, president and CEO of Colorado Enterprise Fund. “This award will expand our ability to finance businesses that create quality jobs, enhance long-term economic vitality and expand community prosperity to insure more residents benefit from Colorado’s robust economic growth.”

Certified as a CDFI in 1996, the Colorado Enterprise Fund received its first CDFI Fund award of $275,000 in 1997 to increase capital access for small-business owners across Colorado. Since then, Colorado Enterprise Fund has been awarded nearly $10 million to continue that work and expand its focus to increase access to healthy foods and serve more communities of color and businesses located in persistent poverty counties.

Nursing moms now have privacy at all downtown sports venues

Nursing moms now have a quiet place to breastfeed or pump at all of Denver’s downtown pro sports venues as a result of UCHealth’s partnerships with the Colorado Rockies and Denver Broncos. 

The new Mamava nursing suites are being installed in the main concourses at Coors Field and Sports Authority Field at Mile High. UCHealth's recent purchase and installation of the air-conditioned lactation suites makes Denver the first city in the country to offer nursing suites in all downtown professional sports venues. UCHealth also purchased and installed the lactation suite located in the concourse at Pepsi Center, home to the Colorado Avalanche and Denver Nuggets.

“UCHealth’s commitment to improving lives extends beyond the doors of our hospitals and clinics,” says Manny Rodriguez, UCHealth chief marketing and experience officer. “our investment in nursing suites with our partners at all of Denver’s downtown professional sports venues makes it easier for nursing moms attending events — from games to concerts — to live extraordinary lives doing what they love, with their loved ones.”

The sports teams collaborated with UCHealth to provide the clean comfortable spaces to nurse in private. The lactation suite is a self-contained, mobile pod with comfortable benches, a fold-down table, an electrical outlet for plugging in a breast pump and a door that can be locked for privacy. The 4-foot by 8-foot pod is intended for individual use but has plenty of room for mothers with diaper bags, babies and other children in tow.

AAA moves to Tech Center; Green Solutions takes its space

AAA Colorado is relocating its corporate headquarters to the Denver Tech Center after the sale of its 63,335-square-foot office building at 4100 E. Arkansas to Denver-based Tributary Real Estate.

Tributary plans to renovate the building for The Green Solution’s (TGS) corporate office.

“At Tributary, we pride ourselves on achieving a high level of involvement in creating lasting partnerships with our clients, working closely with them to determine how our investment, development and brokerage services can be combined to support their business objectives,” says Ryan Arnold,  principal of the firm. “We’ve developed a strong relationship with TGS Management through several successful transactions over the past four years, and we look forward to continuing the relationship as TGS Management grows as an organization.”

TGS Management is a vertically integrated cannabis operations company that employs more than 660 people in cultivation, manufacturing, research and development and retail. About 125 employees will move into the new space on Arkansas.

“We’ve worked with Tributary for several years on our real estate,” says Kyle Speidell, co-founder of TGS Management. “Their commitment to understanding our short- and long-term goals and their ability to deliver solutions tailored to our unique needs has helped to propel our growth and expand our real estate holdings.”

The Green Solution currently owns 12 retail locations across Colorado and 300,000 square feet of cultivation facilities.

AAA moves to Tech Center; Green Solutions takes its space

AAA Colorado is relocating its corporate headquarters to the Denver Tech Center after the sale of its 63,335-square-foot office building at 4100 E. Arkansas to Denver-based Tributary Real Estate.

Tributary plans to renovate the building for The Green Solution’s (TGS) corporate office.

“At Tributary, we pride ourselves on achieving a high level of involvement in creating lasting partnerships with our clients, working closely with them to determine how our investment, development and brokerage services can be combined to support their business objectives,” says Ryan Arnold,  principal of the firm. “We’ve developed a strong relationship with TGS Management through several successful transactions over the past four years, and we look forward to continuing the relationship as TGS Management grows as an organization.”

TGS Management is a vertically integrated cannabis operations company that employs more than 660 people in cultivation, manufacturing, research and development and retail. About 125 employees will move into the new space on Arkansas.

“We’ve worked with Tributary for several years on our real estate,” says Kyle Speidell, co-founder of TGS Management. “Their commitment to understanding our short- and long-term goals and their ability to deliver solutions tailored to our unique needs has helped to propel our growth and expand our real estate holdings.”

The Green Solution currently owns 12 retail locations across Colorado and 300,000 square feet of cultivation facilities.

Prime Health challenges entrepreneurs to innovate patient care, offers $150k in awards

The Prime Health Challenge is on for 2017. This year the Colorado Health Foundation is offering a total of $150,000 to early growth stage digital health and health tech entrepreneurs whose aim is to improving healthcare outcomes while reducing patient costs. The awards will help fund a pilot study with a Colorado healthcare company. It’s the fourth annual Prime Health Challenge. 

The Prime Health Challenge, which is open to companies nationwide, will help winners pilot their products or solutions with Colorado-based health care providers, payers or safety net institutions. After submitting their idea through the Valid Eval platform, subject matter experts will evaluate each proposal on its merits. The experts will provide feedback and will select a group of applicants to move forward in the challenge. 

The selected group will pitch their products at a Shark Tank-style event on Oct. 19. The winners chosen at the event will each receive a portion of the $150,000 from the Colorado Health Foundation to help launch their pilots.

The challenge explains that interested companies must be launch-ready for a pilot. Companies can apply to the challenge through July 7 by clicking here: http://bit.ly/2017PHChallengeApps and paying a $99 application fee. 

Third annual Shed Summit to focus on “Water Is Your Business” takes place on June 29

As one of the nation’s major suppliers of water, Colorado’s watershed is critical to the country's infrastructure, and many are working to balance the needs of the state's residents. That’s where the third annual Shed Summit comes in.

The one day event, taking place at the Denver Botanic Gardens’ York Street location on June 29, will focus on the theme of “Water Is Your Business” and will cover a range of issues regarding the management of Colorado’s water, including the evolution of conservation and climate change under the Trump Administration, the importance of watershed health to recreation, and the role of agriculture in Colorado’s future.

This year the event is expected to bring more than 250 water utility executives, business leaders, conservation experts and others. With the 2017 theme, organizers, which include Denver Water, the Colorado Water Conservation Board, Center for ReSource Conservation and more, are seeking to broaden the conversation about watershed management. “The goal is to bring local influence to global issues,” organizers say. They hope to introduce innovative ideas, and break down silos around water management.

The $50 event begins at 9 a.m. and runs through 4 p.m., followed by a happy hour at 6 p.m. Tivoli Brewery will provide beer.

Explore LoDo app launches, shows Denver’s past and present

To help connect visitors and residents with Denver’s history as well as its current businesses and attractions the LoDo District recently introduced Explore LoDo. The new app shows off historical places in the heart of Denver and harnesses information from Historic Denver, Denver Public Library and other sources to give users updates on what’s going on in the neighborhood. 

“LoDo is a dynamic neighborhood with a unique blend of history and modernity,” said Leslie Sale, Executive Director of the LoDo District. “We have been able to protect this balance because of the work of historic preservationists and creative reuse strategies. This app will help locals and visitors discover, engage and connect with Lower Downtown Denver, as well as preserve its history and stories of yesteryear.”

The app, which was developed by Envie Media, uses beacons and geofencing to alert users to the history of more than 25 locations in LoDo when they’re nearby. The alert offers a short history of each location and includes historical pictures of the location and contemporary pictures of the location. Users can also share their pictures and stories of LoDo through the app. 

Explore LoDo also includes a directory of downtown’s businesses, including restaurants, places to go for entertainment, clothing stores and more. It also provides them with information about events taking place in LoDo.

The app is available for Apple devices and Android devices. People can check out the app at lodo.org/app.

Denver launches business accelerator for healthy foods in underserved neighborhoods

The Denver Office of Economic Development has partnered with The Unreasonable Institute to launch the Food Access Project  in underserved neighborhoods. The accelerator is offering a training and mentorship program to support 10 ventures to improve access to food in select low-income communities in Denver. 

“It’s exciting to be able to bring the city’s resources together with the ingenuity of entrepreneurs,” says Teju Ravilochan, CEO of The Unreasonable Institute. “This partnership combines the innovation of nimble startups with the systems-shifting capabilities of the city government, creating the potential to really make a lot of people’s lives better.” 

The program is focused on reducing food insecurity in Globeville, Elyria-Swansea, Montbello, Westwood, Northeast Park Hill, Five Points, and other neighborhoods. Early stage ventures can apply to the Food Access Project through June 25.

“This is part of our proactive approach to building healthier communities throughout the city,” explains Amy Edinger, OED interim executive director. “By targeting entrepreneurs, small businesses and nonprofits, we recognize that Denver has a broad talent pool of individuals that, with a little support and key introductions, can make a lasting difference in addressing food insecurity.”

The program will provide each of the participants with a five-day in-person bootcamp. The effort will also provide six months of support from mentors, financial modeling training from Unreasonable Financial Architects, access to investors, and a network of over 530 Unreasonable Institute ventures across the world.
 

Denver’s Magpie Supply among winners of $25k at 4th Go Code Colorado pitch competition

Magpie Supply was one of the three companies that won the annual Go Code Colorado pitch competition. The company, which shows historic farmers’ market prices to farmers to help them find new markets, won $25,000, as well as a trip to the AT&T Foundry and a opportunity to pitch at Techstars and Boomtown.

Like all Go Code Colorado participants, Magpie Supply harnessed the power of public data. In this case, the company mapped prices farmers were able to charge at farmers markets throughout Colorado. The company also plans to develop a feature to help small farmers combat the cost of transporting goods. 

“This idea is a spin-off from a business concept I worked on last year with a Go Code Colorado team,” explains Daniel Ritchie of Magpie Supply. “Our team has worked hard to identify the real needs and concerns for Colorado farmers to develop a truly valuable tool to get more produce to market.”

Magpie wasn’t the only winner at the competition this year. Judges selected three of the 10 finalists to win a $25,000 contract with the state. The other two winners were Drip, from Colorado Springs, and Hud Buddy, from Fort Collins. Drip is a tool that helps with water analysis, including well and water quality information and Hud Buddy allows for simplified noise analysis for HUD residential developments.

“I continue to be impressed by the creativity and collaboration of the Go Code Colorado teams,” says Colorado Secretary of State Wayne Williams. “Teams continue to show the value of public data if we can get it into the hands of innovative and entrepreneurial people who have a different perspective on how to use it.” 

Denver Peak Academy’s employee program saves city $22.5M over 5 years

Called the “School of Innovation” by Fast Company Magazine, Denver Peak Academy has helped the city’s employees save the city $22.5 million over the past five years, and is on track to save it $5 million this year. The city said that for every $1 spent on the program, it’s saved the City and County of Denver $5.

The academy was launched in 2011 by Denver Mayor Michael Hancock during a budget shortfall. The academy has trained 6,500 employees and led to 2,300 employee-led innovations ranging from reducing the time it takes to obtain a business license to 20 minutes rather than two hours and cutting the time of a DMV visit to 20 minutes from the 80 minutes it previously could have taken. 

“Through innovative thinking, employees are now able to do more with less, while bettering our customer-experience,” Hancock says. “Peak has become a revered national model adopted by some of the largest municipalities in the country, and we look forward to continuing our forward progress here in Denver.” 

The academy is a four-and-a-half day curriculum that includes problem solving and behavioral economics allowing the voluntary attendees to examine inefficiencies and speed up work processes. Since the program launched it’s been adopted by over 150 cities across the country and globe. The academy said that includes Brussels, Belgium; Ottawa, Canada; San Francisco, Los Angeles, Miami, Kansas City and others.

“Denver Peak Academy provides employees with the tools to be a catalyst of positive transformation. As a result, our employees  continue to build Denver into the best city in the world,” says Denver Peak Academy’s Director Brian Elms. “We are excited and inspired that other cities are adopting Denver Peak Academy principles to empower their employees to improve their cities as well.”

Who is the best CEO in Denver? Here's one pick.

The best-rated CEO of a public company in the US is Craig Jelinek, CEO of Costco. The best-rated CEO in Denver, however, scoring higher than Jelinek is Convercent’s Patrick Quinlan, according to Owler's inaugural Top-Rated CEO Rankings. The rankings are based on more than 250,000 insights gleaned from members of the crowdsourced business intelligence platform. 

“Owler’s first annual list of top-rated CEOs is the only official ranking that provides a true market view of America’s best-loved leaders,” contends Jim Fowler, founder & CEO, Owler. “These executives received high approval ratings from employees, suppliers, partners, and even competitors, to beat out 99.4 percent of other CEOs featured on our platform. They truly are the best of the best in the global marketplace.” 

While CEOs of numerous private companies scored as high as 99.9 on the points system, Jelinek accumulated a rating of 94.9 points, according to Owler. Quinlan, CEO of Convercent, an enterprise compliance management and analytics software firm, outscored Jelinek with 96.1 points out of 100 possible. Other high-ranked CEOs in Denver were Ombud’s Thad Eby who scored 94.3 points; and Cloud Elements’ Mark Geene, who scored 93.3 points, and Ping’s Andre Durand who scored 92.5 points.

The rankings include all CEOs across 50 cities covering 25 industries, according to Owler. In order for CEOs to receive a ranking they must have at least 10 ratings. Owler asked employees, followers, competitors, and other general users to rate CEOs. Ultimately the company says it analyzed approval ratings of the top 5,000 most-rated chief executives. 

This gives the company more insight into how company leaders are seen in a region. For instance, Owler notes that Denver’s CEOs had an average score of 65.5 points. As such Denver struggled to make it into Owler’s Top 30 Cities list, coming in at number 27. Owler says that suggests Denver’s business leaders aren’t as well-liked as in other cities, like Nashville, where CEOs had an average approval score of 82.4 points. 

Results for Denver’s CEOs can be found here: https://www.owler.com/ceo-ratings.htm?cityName=Denver
 

With more than 1,000 proposals in Denver Startup Week is ready for your votes

The nation’s largest free entrepreneurial event—Denver Startup Week—received a record 1,039 session proposals this year. That’s up from 944 proposals submitted last year. Now it’s up to the public to help organizers choose which sessions should be held—last year the event hosted more than 300 programs. 

“Our entrepreneurial community is the envy of cities across the country,” says Tami Door, president and CEO of the Downtown Denver Partnership. “We now have nearly 700 tech startups in Downtown, employing close to 5,000 people. Companies large and small are coming to Denver to positively impact our economy and help grow our entrepreneurial ecosystem.”

“We continue to be impressed with not only the volume, but the quality of proposals submitted and now it’s up to the entire entrepreneurial community to help tell us what programs they find the most interesting and valuable,” says Ben Deda, vice president of channels and ecosystems at Vertafore and co-leader of the event’s organizing committee.

The organizers will accept votes for Denver Startup Week through May 28, 2017. The event's organizing committee will sift through the results and determine which proposals will become sessions during the sixth annual startup week from Sept. 25-29.

In addition to the five tracks of Denver Startup Week—Founder, Growth, Maker, Product, Designer, and Developer—this year’s schedule also will include topic and industry clusters focused social impact, the Internet of things, health care technology, diversity and inclusion, cannabis and business basics. 

“When more than 1,000 people step up to share their insight and knowledge with others, it signals that Downtown Denver continues to be one of the best places in the country to start and grow a business,” said Erik Mitisek, executive director of Project X-ITE at the University of Denver and co-founder of Denver Startup Week.

To help people wade through the potential sessions and vote, organizers recommended that voters search for trends, themes and topics that interest them. They can also sort session proposals by cluster and organize sessions by their favorite track. Site users can vote on each session once.

ParkiFi partners with Parkmobile, hoping to lure new customers with combined services.

As anyone who works or visits downtown Denver knows, parking is a pain. Now, Denver-based ParkiFi is making it easier to park by adding new features to its smartphone app. Previously, it could only show users where parking was available—but now users can pay for parking from the app. To help raise awareness ParkiFi is giving away a year of free parking in downtown.

“We’ve seen a lot of enthusiasm around our real-time parking spot finder app since we launched in November, but we think users are really going to get excited about the payment capability,” says Ryan Sullivan, CEO and co-founder of ParkiFi.

The new capabilities are thanks to a partnership with Parkmobile, which allows transactions via smartphone. While ParkiFi was launched in Denver, it could prove a valuable service in any metro area in the US.

“Our goal is to make parking as easy as possible for Colorado drivers, everything from finding a spot to payment” Sullivan explains. “They can focus on getting to where they need to be downtown without worrying about where to park and how to pay, saving even more time and eliminating the headache of forgetting to pay for parking or potentially getting a ticket.”

ParkiFi is valuing the year of parking at up to $2,000. The company explains that people can enter the contest by downloading ParkiFi and using it to find and pay for parking at downtown properties where they can use ParkiFi between now and July 31. Each time a person uses ParkiFi, they’re entered into the contest. After that it will select a winner at random and work with them to find the best place for them to park for the year or reward the winner with a $150 a month credit to their ParkiFi account.

Currently ParkiFi is only available in downtown Denver, but the company plans to expand its capabilities into other Denver neighborhoods soon. "ParkiFi’s parking sensors are being used by parking operators and municipalities at 24 locations in 11 states and 13 markets to obtain valuable analytics on parking patterns including occupancy, turnover and more," says Abby Hagstrom, a spokesperson for ParkiFi. "ParkiFi is also excited to announce a new partner, Parking Revenue Recovery Services, which will increase ParkiFi's coverage in Denver by over 2,000 spaces."
462 Entrepreneurship and Innovation Articles | Page: | Show All
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