Innosphere collaborates with TrueSpace to extend startup development

Innosphere, the business incubator with offices in Fort Collins, Denver, Boulder and Castle Rock, is collaborating with TrueSpace to help move companies through the next phase of development after completing work within the Innosphere system.

TrueSpace LLC, based in Denver, helps companies in what might be considered the second stage of their development. 

Innosphere, the trade name for Rocky Mountain Innovation Initiative Inc., helps startups navigate the early stages of their development.

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The collaboration will permit graduates of Innosphere to move onto the TrueSpace program to continue their growth.

TrueSpace co-founder and CEO Charles Fred said his organization can help “escalate their [companies] mid-market business to the next level.” 

Two companies so far have graduated from Innosphere to TrueSpace. One is SunTech Drive LLC, a Louisville solar power electronics company. The company grew to about $2 million in revenue with Innosphere; TrueSpace will help continue that growth to $10 million or more using a Gallup-certified assessment. The assessment offers companies an instrument to diagnose their businesses.

The other company is SurgiReal Products Inc., a Loveland company.

“This a very unique partnership that enables a more seamless transition for entrepreneurs moving into the middle market. What Innosphere provides for startups and scaleups, TrueSpace provides for mid-market businesses,” Mike Freeman, Innosphere CEO, said in announcing the program. “Working with TrueSpace is a logical extension of Innosphere’s support services, and we can’t wait to see the impact of this synergistic partnership on Colorado’s business landscape.”

Fred said he and his daughter, Jamee, have developed a predictive tool, certified by Gallup Inc., that will help companies determine their future path. Gallup will announce the certification in February next year, Charles Fred told BizWest. 

The tool is a statistically valid means to predict job creation and other growth based upon five operating conditions, he said.

“I’m confident that the Front Range will continue to produce new businesses, and these [businesses] are the job creators,” he said.