Joseph Perera’s Blog

Thanks again for dropping by!, Have I got something interesting for everyone today.

Well, this topic is something that was wondering about for quire some time now. Especially regarding why it has not taken place yet. Denver, a very successful aerospace cluster, has finally decided to intergrate an inclubater to its cluster. For the ones that are unfamiliar with the cluster terminology, an incubator is a certain project, or an institution that provides aids, in terms of financials and resources, to an upcoming company within the cluster. For example, if my company was jsut starting off in the aerospace industry in the GTA, a certain company that helps me with finances and resources needed can be considered an incubator, because it provides resources to help other companies grow.

Now, back on topic, the incubator topic in Denver is actually a project called 8th Continent. Adding an incubator is just an extension to the project itself. It already concists of chamber of commerce, Colorado school of mines and a research centre.

This is what the Colorado Governer Bill Ritter had to say about the implementation of an incubater in Colorado:

“For the first time, government, industry and academia have joined forces with entrepreneurs and venture capitalists to forge the next frontier in commercializing space technology and resources,” said Colorado Governor Bill Ritter. “With our region’s unique cluster of businesses, IT infrastructure, research institutions and aerospace workforce, the 8^th Continent Project and Colorado’s first aerospace incubator will position Colorado at the vortex of ‘Space 2.0.’”

As you can see, this is a collaborative approach taken by joining several forces together. The government, the industry and the academia have joined together to ensure future success of the Denver Aerospace Cluster. They feel that with the mass amount of resources present in the Denver cluster of business, the incubator will ultimately position itself at the top of prime time.

We all know that the amount of services provided by the incubator will vary depending on where and how its structured. This specific incubator will not provide space to other companies who are in need. They will however, assist companies with general requirements such as resources and finances. Of course, these services are geared only towards companies that are enrolled in the space/aerospace industry in the Denver, Colorado cluster.

In its begenning stages, the incubater is estimated to serve approximately 14 to 15 companies per year and provide larger budgets than other incubators. The generated money will be allocated towards supporting and helping its research structures, such as the School of Mines.

This will definitely be one the main highlights of this year, in relation to the Denver Aerospace. 

Link: http://www.businesswire.com/portal/site/home/news/sections/?ndmViewId=news_view&newsLang=en&newsId=20080318005182