Colorado is fostering startup companies in a number of sectors from craft brewing to IT to marijuana. After wading in the startup pool, many of these companies go on to reach second-stage growth or further. That's where the Colorado Companies to Watch (CCTW) awards come in, recognizing these companies that are maturing and growing. In the past seven years, CCTW, which is presented by UMB Bank, has recognized 350 companies that have had $2 billion in economic impact in Colorado.
"Second-stage companies hold a unique place in our economy. Through their leadership, innovation, and growth, they ignite our communities with potential beyond measure," says Sean Nohavec, CCTW chairman and senior VP of UMB Bank. "They truly are fueling the economic fire in Colorado."
For the 2016 awards, people can nominate companies for the awards through Jan. 31 and companies can directly apply for consideration through Feb. 19. The awards will be presented in June. After winners are announced, they get a year of benefits, including facilitated local celebrations with key community members, an exclusive professional leadership retreat and networking opportunities with companies that were awarded.
"The Colorado Companies to Watch Awards not only recognize business innovation and entrepreneurial success, but also help these businesses to attract the attention of the investment community, potential partners, and qualified talent," explains CapitalValue Advisors' David Tolson, CCTW managing director.
Some of the previous award recipients include The Grateful Bread Company (2015), Dry Dock Brewing (2014), Boulder Electric Vehicle, Inc. (2013), Coolerado (2010), Justin's Nut Butter (2009) and OtterBox (2009). Organizers say that in 2015 it received more than 1,000 nominations and chose 50 winners.
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