The Colorado General Assembly in 2004 passed legislation that established a Colorado Venture Capital Authority (VCA). The VCA was allocated $50 million in premium tax credits, which it subsequently sold to insurance companies. In 2005, the VCA selected a fund manager (High Country Venture, LLC) and established its first fund of approximately $25 million (Colorado Fund 1). Colorado Fund 1 will make seed- and early-stage capital investments in businesses. The VCA anticipates the establishment of a second fund of approximately $25 million in 2010.

High Country Venture is independently operated and generally makes funding decisions. State approval is limited to ensuring that businesses receiving funding meet minimum specified requirements. The minimum and maximum investment size may generally range from $250,000 - $3.375 million. To discuss a venture capital request, please contact High Country Venture. Contact information may be found by clicking on "Colorado Fund 1 - Fact Sheet" below.

For more information, see the following links (Adobe Acrobat files):

Information for businesses:

Other Program Information:

Questions & Answers Regarding RFP for Fund Manager(s)