Boosting the rate of business growth

By Alan Wartes

(Editor’s note: This article is the first in a two-part series about the rise and function of accelerators as an economic development tool.)

With funding secured, a facility in place on the Western State Colorado University campus, staff prepped and ready to go, all that was lacking for a successful launch of the ICELab Accelerator Program was a cohort of entrepreneurs willing to put themselves and their ideas through a tough and demanding business boot camp.

Last Monday, that final piece of the puzzle fell into place, as six people, representing five big dreams, took their seats on day one of a 12-week program designed to answer big questions: Will each idea stand up to scrutiny? Is it strong enough to attract the attention of venture capitalists and other investors?

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