Cordova replaces Donahue at BTI helm

Business Report Correspondent

BOULDER ? The Boulder Technology Incubator (BTI) has appointed a three-time chief executive officer to be its new president. Lu M. Cordova, recently relocated to Boulder from California, accepted the position and started Jan. 2.

Cordova is replacing former BTI President Jerry Donahue, who spent eight years at the incubator. Donahue built the non-profit from a financially struggling organization to a stable incubator with an annual operating budget of more than $500,000. While Donahue led the BTI, it graduated more than 50 companies and assisted them in raising more than $500 million in start-up capital. Donahue recently was…