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At the same time, he said, the city's growth constraints do result in a "fundamental supply and demand imbalance" in real estate.
Noting that Boulder has a high number of entrepreneurs per capita, Brad Feld, Fendi Bag Latest
CU economist Richard Wobbekind said Boulder and Colorado rank highly on a number of metrics used to measure innovation and entrepreneurialism. Boulder exceeds the national and statewide averages in areas such as patents filed per capita and Small Business Innovation Research funds per capita.
While $500,000 can go a long way for a startup software firm, that is not necessarily the case for areas such as biotech, cleantech and aerospace, respective industry officials said, noting shrinkages in available capital are hindering early stage firms.
Other sector representatives said it comes down to more than just money. A conference center, additional office space, and a more bullish incentive package were among suggestions from other panelists.
One idea that emerged during a cleantech panel session involved having the city matching funds to grants received by early stage companies.
The local information technology sector has been bolstered by the likes of TechStars; efforts such as the New Tech Meetup and CU's Entrepreneurs Unplugged; and the presence of a number of locally based industry veterans that provide both insight and new companies, said Brad Bernthal, director of CU's Silicon Flatirons Center. The high growth sector, however, has some growing pains that includes a shortage of software engineers.
"Boulder is big enough to be interesting, yet small enough to get your mind around and understand," said Feld, the event's the keynote speaker.
The economics of innovation served as the backdrop for the 2011 Boulder Economic Summit, which took place Wednesday at the University of Colorado. About 300 people attended the event that was hosted by the Boulder Economic Council and designed to explore the entrepreneurial environment Fendi Monster Bag Images
Both sides of the innovation coin also were dissected in six panel discussions for the city's major industry clusters: information technology; biotechnology; clean technology; aerospace; natural and organic products; and outdoor products and active living.
future employees but also as a means of furthering entrepreneurialism across more sectors.
Although the metrics put the city in a good light and a good trend path, Wobbekind said businesses and governments also should stay attuned to broader trends affecting the state and the nation. America is losing ground to other countries in areas such as education, he said.
Frank Hugelmeyer, president and chief executive officer of the Boulder based Outdoor Industry Association, said Boulder is the home to the outdoor industry's thought leadership and it serves as a laboratory for innovation across the sector. However, without the local and statewide government's help in boosting awareness and economic development within the industry, other states could lure away key people and companies, he said.
Bernthal noted Fendi Handbag Price events such as this week's Boulder Startup Week, which is in its second year, as not only attracting Fendi Iphone X Case
Pizzeria Locale General Manager Chris Donato, left, passes out appetizers to Sean Ugrin of the Spinwork Group as participants of the Boulder Startup Week took a tour and ate at the Boulder restaurant on Wednesday.
Innovation cultivation key to Boulder's future
Feld rattled off four qualities to creating a sustainable entrepreneurial environment: The community needs to be entrepreneur led; have a very long term view; have a flow of new people in the system; and have activities that engage all members.
across a variety of sectors in Boulder and the challenges and opportunities that also exist.
"(Innovation) is one of the most distinctive attributes of our business environment," said Clif Harald, executive director of the Boulder Economic Council.
managing director of the Foundry Group and a co founder of Boulder based startup accelerator TechStars, said Boulder with its history, the collection of serial entrepreneurs and the presence of the University of Colorado has an ideal environment to help fuel innovative activities.
"We're still a well educated society, but the trend just doesn't look that good," he said.
"We need more," he said. "We need more geeks."
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