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New Denver Capital Matrix identifies funding sources for entrepreneurs

Monday, October 22, 2012   (0 Comments)
Posted by: Wendy Nkomo
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New Denver Capital Matrix identifies funding sources for entrepreneurs

Denver Business Journal by Heather Draper, Reporter

Date: Monday, October 22, 2012, 1:06pm MDT

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If you’re looking for money to fund your entrepreneurial idea or small business, the City and County of Denver would like to help.

MayorMichael HancockandPaul Washington, the Denver Office of Economic Development (OED) executive director, on Monday announced the release of the Denver Capital Matrix, a new resource directory of funding sources for Denver small businesses and entrepreneurs.

The matrix identifies more than 250 funding sources, including 28 Colorado-based venture capital sources, although some of those firms haven’t done any VC lending in several years.

The list also includes traditional bank lenders, venture capital firms, private equity firms, angel investors, mezzanine sources and others that have funded Colorado businesses. The matrix provides contact information and categorizes the investment focus of each listed organization.

"We heard the business community loud and clear when they said they need increased access to capital,” Hancock said in a press release. "By compiling these resources, the city is helping to raise awareness about the different types and providers of financing available and to ultimately help spur our start-up and small business growth.”

The Denver Capital Matrix is one piece of the Hancock administration’s Peak Enterprise initiative, a business toolkit "to help small businesses and local companies compete and succeed in Denver,” according to the release.

Data sources for the Denver Capital Matrix include the National Venture Capital Association, S&P Capital IQ and the Colorado Bankers Association.

The funding directory was launched in conjunction with Denver Startup Week, a week-long event that started Monday and showcases metro Denver’s entrepreneurial community.

The week of events throughout the city emphasize technology, design, social entrepreneurship and business.

>The Denver Capital Matrix is available online here.

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