Move over TechStars, soon there’s going to be another big incubator in town, well, 25 minutes from town (if you live in Boulder, CO that is). Plug and Play, which is best known as one of the Silicon Valley greats, is set to finalize on the opening of their new facility here in Denver within the next year. Named The Innovation Pavilion located over in the Tech Center it will contain all the various aspects Plug and Play has become famous for. This four story, 80,000 square foot startup mecha will house both a co-working facility which unlike most currently here in Colorado will be setup for both the 1-3 person freelancer/small-business as well as much larger, closed off office areas for more established firms. In the same building will also be the new HQ for Plug and Play Colorado, bringing their unique style of startup funding to the Rockies.
Quoting the Denver Post, unlike most Colorado-based incubators like The Foundry Group or TechStars, their primary focus is not on just budding, early-stage startups but rather of a combination of long-established companies, government resources, media centers and of course entrepreneurs. With the firm’s past investment record and current roster of mentors it’s definitely having a lot of young startups catching themselves drooling thinking about what lays ahead in the upcoming months.
While LA and San Diego might be called Silicon Beach, It’s safe to say we’ve claimed the title of Silicon Mountain when you take a look at the firms already here and now with one of the largest Incubator firms in the US currently in-route to our snow capped Rockies it shouldn’t even be an argument.
Once finished the new Innovation Pavilion is going to try and give the currently massive Plug and PLay Tech Center located out in Silicon Valley a run for it’s money (or in the least, a close version but with a Colorado ‘twist’). It at any time can house and support nearly 300 startups, including a massive network of parnters and mentors who frequent the various groups. Regardless, if you’ve ever had any doubt that Boulder/Denver wasn’t as strong of a tech incubators paradise like NYC or Seattle, this should change your mind.
The entire building should be open and fully built out within a year, however they currently have a small office already working out of the city awaiting their new digs.
It’s a good sign for Colorado indeed. Welcome Plug and Play to Colorado.