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The city of Denver is trying to make it as easy as possible for young tech companies to get off the ground.
The city is offering a $1 million grant to the Fitzsimons Innovation Community, a joint initiative between the University of Colorado and the Denver Business Journal, to build a new 180,000-square-foot building on its sprawling life-sciences campus.
The Denver Business Journal describes the building as a "crown jewel" of the Fitzsimons campus, which includes five buildings totaling 427,000 square feet of working laboratory and office space.
It's "one of the largest bioscience developments in the nation," according to the Denver Post.
The idea behind the grant is to make it easier for young tech companies to get off the ground in the city, which is home to two of the nation's top hospitals.
"The hospital systems started to get smart about how they look at innovation to treat their patients," April Giles, VP of business development for Fitzsimons Innovation Campus, tells the Post.
"When they partner with a company to do that work, that company becomes more successful in the end."
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