The Telluride Venture Accelerator (TVA) is accepting applications for its second annual fund raising competition from entrepreneurs in the areas of natural and organic products; health and healthy living; tourism; recreation; outdoor products; energy, water and eductation.
Up to six companies will be chosen to receive $25,000 in seed funding, valuable free services from companies like Google, Microsoft, and Amazon, and a five-month residential mentoring program in Telluride, Colorado. During the program, the entrepreneurs will be provided shared office space, access to more than 60 entrepreneurs and business leaders, and the opportunity for follow-on investment from the region’s venture capital funds and angel network. The application deadline is Oct. 23, 2013.
“We are proud of the success of our first year and excited about attracting exceptional high-growth companies in year two with founders eager to engage and capitalize on this unique opportunity,” said Jesse Johnson, TVA director and Telluride Foundation board member.
TVA’s inaugural year concluded in July 2013. One hundred investors gathered and 100 more joined online to hear the four 2013 winning companies pitch their businesses for follow-on funding to grow their businesses. Winners of the 2013 contest include:
- Globa.li (www.globa.li), a Denver-based company, co-founded by Sarah Fazendin and Maisa Fernandez, aggregates boutique hotel inventory in Africa, Asia and Latin America and makes it available for real-time, online booking with a patented business-to-business platform;
- High Desert Farms (6350' Natural Foods www.6350naturalfoods.com), founded by Bill Manning, the Dolores, Colorado-based natural and organic foods company offers consumers organic and regionally-sourced dried fruit snacks;
- Hyperlite Mountain Gear (www.hyperlitemountaingear.com), based in Maine and founded by Mike St. Pierre, the company designs, manufactures, and sells innovative, ultralight outdoor gear. It sets itself apart from industry traditions with its minimalist and simple design approach. Hyperlite Mountain Gear products are sold online and at retailers internationally; and
- Telluride Action Designs (Hoggle Goggle www.hogglegoggle.com) founded by Telluride local Lara Young, the company creates ski and outdoor accessories that offer functions and aesthetics that fill a void in the outdoor industry. Their first product, the Hoggle, is a self-storage lens cover that lives on the goggle band, integrating goggle protection directly into the helmet.
The success of TVA is being measured by its direct and indirect impacts that include: the formation of the new Telluride Venture Fund, an investment fund to provide seed funding for local, state and regional start-ups, the establishment of two businesses with international reach that will be based in Telluride; and hosting of the region’s first ‘Startup Weekend’ which attracted 30 regional entrepreneurs and resulted in the formation of a new local company. These outcomes directly attributed to TVA underscore the developing ecosystem of entrepreneurship in the southwestern Colorado region.
“TVA is revealing its potential as a catalyst for a self-sustaining entrepreneurial ecosystem that is bringing innovation, jobs, ideas and a renewed dynamism to the region,” stated Johnson.
