High-Tech Incubator Readies 30,000-SF Office for October Launch

Softbank Venture Capital, which manages more than $2.5 billion in investment capital, is preparing a 30,000- sf incubator building in Superior, a town along US 36 next to Boulder.

The high-tech incubator, Hotbank Colorado, will be located on the second floor of 100 Superior Way. Hotbank Colorado offers free office space, some administrative assistance and contract-basis engineering services. Hotbank’s staff will consist of a number of entrepreneurs-in-residence to provide a pool of mentors to guide startup ventures.

Brad Feld, a principal of Softbank Venture Capital, lives in Eldorado Springs, a small community near Superior. “We want to bring the success of Hotbank to the burgeoning technology industry in Colorado,” says Feld. “The services, interaction and expertise we provide give our entrepreneurs an immediate competitive edge — allowing them learn and share with other entrepreneurs, accelerate the deal-making process, and focus on their core businesses.”

Hotbank Colorado will open in October, complementing another Softbank incubator in Mountain View, CA., where Softbank Venture Capital is headquartered. Softbank Venture Capital is the venture capital arm of Japan-based Softbank Corp., which is the largest shareholder of such companies as Yahoo!, E*Trade and ZDNet.