The Innosphere said it will use the investment to support high-quality startups in Northern Colorado. The nonprofit supports more than 30 startups with nearly 200 employees.
The funding allows the organization to diversify its revenue stream from its key funding partners, Colorado State University and the cities of Fort Collins and Loveland. It also allows the Innosphere to pursue its key objective to improve access to capital for entrepreneurs.
“We look forward to securing additional major community sponsors this year,” Mark Wdowik, CEO of CSU’s Management Corp. and chair of the Innosphere board, said in a statement. “Through their investment, First National has validated the important role that Innosphere is playing in our regional economy.”