If economic indicator reports and talk of recessions is raining on your business's hopes for the future, perhaps getting together with a group of entrepreneurs and business startup executives can help turn that tide around for you. One recent business reporter did just that and came away with a lot more confidence in the future of our economy and about the state of the local Denver business climate. A reporter from the Denver Business Journal had the opportunity to emcee the competition for the best business plan at the JumpStart Biz Plan Awards.
Apparently the White House thinks enough of our Denver area technical talent to tap into them in an effort to get their thoughts on the development of new government backed programs that are aimed at helping new startups, small businesses and entrepreneurs have a shot at government contracts. Anyone who has ever started a business knows how difficult it can be to not only get your business off the ground but break the barrier to winning large government IT contracts that can make or break a business.
A University of Colorado at Boulder graduate is set to speak to local entrepreneurs about her experiences starting her Denver-based mobile marketing company called SpyderLynk. The young woman gave up a good job in order to launch her idea. Six years later she employs 14 people that work to develop and sell "SnapTags." SnapTags are customized codes that consumers with a camera in their smartphone can use to go to anywhere on the Internet. The idea came to the young entrepreneur when she was traveling. After seeing an advertisement in a magazine for something she wanted to purchase on the internet she did what she always did and folded the corner of the page back for later reference. That resulted in a pile of magazines and no way of conveniently storing the data for retrieval later. She would later look at this as a lost opportunity for the company and that's when she came up with the idea to start her own company. She did not think a company would want to put a bar code on an advertisement, but they would put their logo there. She came up with the idea of a circle around a logo that would have breaks in it that could create an optical link from print to online. Consumers could then capture that logo with the circle in their cellphone for later reference.
More than 250 minority applicants of Leprino Foods Inc. will receive part of a $550,000 settlement agreement between the Denver-based company and the United States Department of Labor. The DOL accused the company of systematic discriminatory hiring practices when it rejected 253 minority applicants. The agreement settles the DOL's allegations that the use of "WorkKeys," a pre-employment screening test, was discriminatory.
Think you have a great idea for a small business? Well the City of Denver is looking for applicants for its first ever JumpStart Biz Plan Awards coming this fall. The Denver Office of Economic Development announced the competition last week. It is designed to honor the best and brightest in small businesses by recognizing the top ten startups as well as business concepts in their early stages of business planning and development. The top prize is $50,000 in cash and business support services to help the lucky entrepreneur launch his or her brilliant idea.
Whether or not you work in real estate or have bought or sold a home recently, you are no doubt familiar with the logo of the red, white and blue hot air balloon belonging to the national real estate company RE/MAX. The Denver, Colorado-based company has used this horizontal color scheme since 1974 and trademarked that scheme 15 years later. And it works hard to protect its trademark. If the company receives a tip from one of its local branch offices, it will send a letter to the offending party.
Ever wonder what goes on behind the scenes when players are signed or traded and what and how their agents get paid? A Colorado business litigation suit involving a few sports agencies and agents offers a glimpse into the complex world of the business of representing professional athletes in their employment contracts with various professional football teams, including the Denver Broncos.
In 2007, Denver-based Icon Burger began using the trade name "Smashburger" knowing the name belonged to a Kentucky company called Dairy Cheer. Since Dairy Cheer was only using the trademark name locally, there had been no issues with both companies using it. Until that is, Icon Burger wanted to expand operations into the Lexington, Kentucky market.
Although Tim Tebow is no longer a Denver Broncos quarterback his name is still a hot commodity among apparel buyers, according to a new lawsuit filed by Nike Inc. Shortly after the quarterback was traded to the New York Jets, Nike replaced Reebok as the supplier of the National Football League team uniforms. The lawsuit claims that Reebok International Inc. used Tebow's name on New York Jets team apparel without licensing permission.
Venture capital funding is known for its potential to spawn job growth. With today's failing economy and deflated job market, venture capital designed to fund new jobs gets praise all across the board. A Denver company recently closed on a venture capital round that totaled $14 million.