Four successful Colorado entrepreneurs launched the TechStars program this week in Boulder. This initiative will take ten new startup teams (of up to 3 people) and provide a "summer camp" environment to help get their ideas and businesses off the ground -- that is, if summer camp includes some initial funding, access to a variety of experienced mentors, hosting and legal services, and a summer full of educational sessions.
While TechStars doesn't require that the teams be from the Denver/Boulder area, they do expect the teams to spend the bulk of the summer here (based on the FAQ). With its "college town" status and mountain scenery making it hard to leave, Boulder has long been a thriving place for entrepreneurs and small businesses... and this program looks like a great way to jump-start some new additions to the startup community. I also like that the application process is informal and accessible. No need for a formal business plan or pitch session -- just a strong idea and willingness to make a run at it this summer.
Anyway, it sounds a great opportunity for some enterprising folks with creative product ideas. I look forward to watching the TechStars blog for updates as the program gets started.