Business owners increasingly are realizing that they have the potential not just to make profit but to benefit their communities. From that concept, a new social impact economy is evolving. Social impact enterprises sell goods and services, but also have specific social objectives, to fulfill a primary mission or purpose....
In 2008, Robert Patton was deployed to Iraq as a mortuary affairs specialist. He said it was difficult wearing his heavy gear in the desert, where temperatures reached 115 degrees Fahrenheit. But Patton drew inspiration from his perspiration and discomfort. He created a startup called Sheath Underwear, and started selling...
Startup business owners may find it vital to protect their company’s intellectual property, although some experts warn that it is costly and may take time away from actually developing the initial idea into a successful business. So how protective do entrepreneurs need to be while developing their business, especially in...
Colorado Springs-based Outwest Systems Inc. isn’t going to reach its crowdfunding goal of $100,000. “We’ve been learning some stuff about how to make crowdfunding work,” said Paul Weissler, the company’s president. “It seems what you kind of have to do is bring a crowd to your crowdfunding. You can’t just...
Colorado Springs is often compared to larger cities like Denver, leaving some aspiring entrepreneurs feeling like the opportunities may be more abundant elsewhere. But with resources like Peak Startup, a local nonprofit that hosts more than 100 events a year for entrepreneurs, it is possible to see success with hard...
In November, Hannah Parsons was CEO at tech accelerator Exponential Impact, Natasha Main was CEO at Peak Startup, and entrepreneur Josh Phifer was solo at the helm of Barn Owl, the Springs-based remote surveillance startup he founded. Just a few weeks later, Main is executive director at XI and Parsons...
Mike Juran hadn’t heard of Quad Innovation Partnership when he met Jake Eichengreen about a year ago at a Colorado Springs Chamber & EDC event. But he was intrigued, and discussed doing a project with his growing graphical user interface company, Altia, and the Quad. Now Altia is one of...
Colorado Springs-based Bytable has a lot on its plate, thanks in part to a $437,000 grant from the U.S. Department of Agriculture. The startup operates an online marketplace where customers can purchase food produced with regenerative agricultural practices — a step above “sustainable” —  from small- to medium-sized farms and...
Despite a national trend in the reduction of business starts, local leaders insist this is a good time for startup companies in Colorado Springs. A handful of industry leaders say the local landscape is primed for startup success, thanks to a variety of factors. “We have a perfect storm of opportunity...
Chris Franz, an admitted serial entrepreneur who has started a dozen companies, recently founded another one, Wavelength Ventures, which will provide funding for tech startups. Wavelength Ventures is a venture capital company that seeks to fill a void in the region by matching angel investors with promising startup tech businesses....