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Business 'incubator' opens at School of Mines

By Roger Fillion, Rocky Mountain News (Contact)

Published November 19, 2008 at 12:05 a.m.

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A business "incubator" that aims to nurture upstart aerospace-related companies into profitable businesses is set to open its doors today.

The 8th Continent Aerospace Business Incubator will operate as a program at the Colorado School of Mines. It will act as a part of the state school. The incubator is billed as the first of its kind in Colorado and has received funding from the state.

The incubator plans to hook up entrepreneurs and startup companies with seasoned legal and management talent as well as investors.

It will work with aerospace companies as well as businesses that want to market aerospace technology to a mass market audience.

The incubator's first tenant is an Australian company, Flaik Inc. It has developed a GPS-based skier tracking and social networking system scheduled to debut at Steamboat and Copper Mountain ski resorts this season.

"Our goal is to connect our incubator tenants with the advisers, venture capitalists and service professionals who can help nurture inventions into profitable businesses," said Burke Fort, founder and director.

The incubator has received $372,000 in cash and in-kind services over three years from the Colorado Economic Development Commission, the law firm Townsend and Townsend and Crew, and Metzger Associates Public Relations.

The incubator has retained nonprofit Boulder Innovation Center, which helps entrepreneurs, for day-to-day operations.

Comments

  • November 19, 2008

    8:25 a.m.

    Suggest removal

    jbowen43 writes:

    This a good idea that should be implemented at colleges in other parts of the state.