The world of business is constantly evolving, and as entrepreneurs, executives and investors, staying updated on the latest news and events can make all the difference. With Denver being a hub for startups, established businesses and investors alike, there is always something happening in the Mile High City. In this article, we will take a closer look at the top five Denver business news stories you need to know today.
1. Boomtown Accelerator Takes on New Cohort
Boomtown Accelerator, a Boulder-based start-up accelerator, has taken on a new cohort of innovative start-ups. The cohort includes eight companies, with a focus on fintech, healthcare and smart cities. This program provides mentorship, training and resources to help these start-ups grow and succeed in their respective industries. Notable alumni of Boomtown Accelerator include companies like Occipital, which has raised over $100 million in funding.
2. Denver Tech Company Acquires Leading Data Science Company
Denver-based tech company, Pivotal Software, has acquired San Francisco-based data science company, Hired. This acquisition is part of Pivotal’s mission to help customers modernize their software development process and build cloud-native applications. Hired will bring its expertise in artificial intelligence and machine learning to the table, helping Pivotal to stay at the forefront of these rapidly advancing fields.
3. Denver Startup Week Attracts Record Attendance
Denver Startup Week, a week-long celebration of entrepreneurship, innovation and creativity, has broken record attendance numbers this year. Over 20,000 entrepreneurs, tech enthusiasts and investors from around the world attended the event, which featured over 350 events and sessions focused on everything from blockchain technology to sustainable business practices. This was the eighth year of Denver Startup Week, and it has quickly become one of the most important events in the city’s business calendar.
4. Major Solar Power Deal for Denver-Based Company
Denver-based renewable energy company, SunShare, has announced a major deal with California-based utility company, Southern California Edison. SunShare will build and operate two solar power facilities that will generate over 200 megawatts of clean energy for Southern California Edison’s customers. This deal is a major win for SunShare, which has quickly become a major player in the renewable energy industry, with over 100 megawatts of solar projects in operation or under construction.
5. Denver Real Estate Market Continues to Heat Up
The Denver real estate market continues to be one of the hottest in the country, with home prices and sales activity continuing to rise. According to the Denver Metro Association of Realtors, the median home price in Denver is now above $500,000, with sales activity up 5% year-over-year. This is good news for anyone looking to sell a home in Denver, but it also means that buyers are facing a highly competitive market with limited inventory.
In conclusion, these are just a few of the top Denver business news stories that are making headlines today. From start-up accelerators to solar power deals and real estate trends, there is always something happening in this vibrant and rapidly growing city. As the business landscape continues to evolve, it is more important than ever to stay informed and engaged with the latest news and trends in your industry.
