Economic Mission celebrates opening of Israel-Colorado Innovation Fund
In a unique international partnership, the Israeli government and a Colorado-based venture capital fund will start a new program to bring to Colorado Israeli startups that focus on water, energy and transportation.
The fund, which was spearheaded by some of Colorado’s leading energy and water executives and backed by Innosphere, a Colorado startup accelerator, has a annual budget of $4 million. This year, six companies are being given grants totaling $1.5 million. The Israel Innovation Authority will match funds distributed by the Israel-Colorado Innovation Fund, marking the first time the Israel Innovation Authority has partnered with a firm outside of Israel.