Chosen companies are confronting issues in communities across Colorado, including mobility for people with disabilities, climate change, water, and planning.
The University of Colorado Denver College of Engineering, Design and Computing (CU Denver CEDC) in partnership with the Colorado Smart Cities Alliance and Innosphere Ventures has named the 12 companies participating in the inaugural 2023 Smart Futures Lab incubator and accelerator programmes.
The 12 companies selected from a total of 42 applicants are led by people from the New Majority, which includes Black, Indigenous, People of Colour, women and people with disabilities. The partners note that many businesses led by New Majority groups are often left out of the design and implementation of cities and new technology.
This programme seeks to put the New Majority in the driver seat and empower them to imagine more inclusive solutions and build businesses to realise their vision. All of these companies are building technology solutions to issues confronting quality of life in communities across Colorado, including transportation safety, mobility for people with disabilities, climate change, water, and urban planning.
Cohort participants will have access to a new physical coworking and prototyping space at 14th and Larimer featuring a private 5G network for research and development of internet of things (IoT) technologies that will be operational in early May 2023.
“The interest in the programme demonstrates the need for opportunities like this and we’re proud of the diversity represented in the founders and leadership teams of the companies that have been selected”
As part of the programme, they will engage with a custom education curriculum, and extensive partnership networks, among other additional benefits. The Smart Futures Lab is the result of a $2m grant from the US Economic Development Administration (EDA) to support start-ups and entrepreneurs in the civic innovation space.
“The initial Smart Futures Lab cohorts represent a variety of companies at various stages of growth [which] are interested in the civic innovation space,” said Dan Griner, director of design, innovation and strategy for CU Denver CEDC and director of Smart Futures Lab.
“The interest in the programme demonstrates the need for opportunities like this and we’re proud of the diversity represented in the founders and leadership teams of the companies that have been selected.”
The incubator programme is focused on helping entrepreneurs and companies transform their ideas into proof of concepts ready for real-world demonstration.
The seven companies accepted into the 2023 Smart Futures Lab incubator include:
The five companies accepted into the 2023 Smart Futures Lab accelerator include:
The programme partners expect outcomes from this initiative will have a positive ripple effect across the state, including the growth of technology jobs and the development of solutions to key quality of life issues, like transportation, energy, and water.
“Building a company is hard enough; but when your success is dependent on involvement from governments, then the challenge is even bigger,” added Tyler Svitak, executive director of the Colorado Smart Cities Alliance.
“We’re ecstatic to invite these incredible companies into the Colorado Smart Cities Alliance, partner them with innovative local governments across the state, and help them bring solutions to issues Coloradans are frustrated with every day.”
The incubator and accelerator programs within the Smart Futures Lab support goal four of the university’s strategic plan to serve as an anchor institution for an open innovation district in downtown Denver.
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How does the Smart Futures Lab support New Majority-led companies?What technologies are being developed to improve mobility for people with disabilities?How will the 5G network enhance IoT research in the coworking space?What role does the incubator play in transforming ideas into real-world solutions?How do accelerator companies contribute to traffic safety and urban planning?