Reflecting a strong and growing market for high-tech incubation businesses, the Innosphere company of Fort Collins has announced plans to build new office and research space both in Fort Collins and Denver.
The two projects carry a combined $18 million price tag, $3 million for the company’s expansion of its Fort Collins facilities, and $15 million to build a new location in Denver.
The Fort Collins expansion will see the construction of a new building that will go up next door to its current headquarters at 320 E. Vine Drive on the north side of the city.
The one-story expansion will house up to 8,000 square feet of lab space.
Although a specific site has not yet been determined for the Denver project, company officials say it will almost certainly go up in the city’s popular River North district.
If all goes as planned, work could begin on the Fort Collins expansion in the latter part of 2018. The new Denver facility could see construction starting sometime in mid-2019.
Launched in 1997, Innosphere secured more than $5 million earlier this year for an early-stage venture capital fund to be used for its client companies.
It initially focused on putting together business plans for start-up firms, but now also helps companies that have been in in operation for longer periods of time.
Innosphere additionally assists companies with networking, fundraising support, and how to increase sales.
Get stories like these right to your inbox. Sign up for our newsletter