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Startup report highlights ‘thriving’ culture of downtown Denver

Since 2013, total employment in technology sector has increased at a faster rate than downtown employment as a whole.

The Downtown Denver Partnership released the Downtown Denver Startup Report today, including data that indicates downtown Denver’s culture of innovation and entrepreneurship is thriving. The report, released in conjunction with the first day of Denver Startup Week, the largest free entrepreneurial event of its kind in North America, is the only analysis that captures the state of startups in downtown Denver. The Partnership co-founded, co-produces and is a title sponsor of Denver Startup Week to support building a culture of innovation and entrepreneurship as a critical element of the partnership’s strategy to create an economically healthy and vital downtown Denver.

Highlights from the report include:

– 4,508 people work for 664 tech startups in the center city

– Nearly 8 percent of center city businesses are tech startups

– 56 startups raised more than $420 million in venture capital in the last year

– 165 tech startups were founded in the center city just last year

“The increasing number of tech startups, a growing population of highly qualified employees and significant and continued investment in center city innovation creates an entrepreneurial ecosystem that plays a significant role in an economically vital downtown,” said Tami Door, president and CEO of the Downtown Denver Partnership. “Fifty-six center city startups raised more than $420 million in venture capital funding, up from 2015.”

The full report is available here.

Edited by the Colorado Real Estate Journal staff.