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.