(Fort Collins, CO) May 20, 2016 – Vartega Carbon Fiber Recycling is excited to announce that it has joined the Innosphere's entrepreneurial ecosystem in May 2016. The Innosphere is Colorado’s leading science and technology incubator. Client companies receive customized development plans, learn from other founders and experienced advisors, and receive ongoing support to ensure they have the know-how to raise the right kind of capital, and have all the resources to exponentially grow.
Vartega was selected after going through Innosphere’s application and screening process. The process requires several steps, including pitching in front of an industry expert panel in order to evaluate the potential of the company’s business model, potential market, founding team, fundraising capabilities and exit strategy.
Innosphere supported 42 high-tech Client Companies in 2015. These 42 companies raised $31.8M total capital in one year and have raised $87.9M total capital to date. They employed 296 full and part-time jobs, the second highest job creation year in Innosphere history. Innosphere had the largest number of graduating Client Companies in history, with 18 Clients successfully graduating from the program, with three being acquired and four being venture-backed.
About Vartega Carbon Fiber Recycling
Vartega Carbon Fiber Recycling LLC is a recycler of advanced materials – specifically strong and lightweight carbon fiber – used in the aerospace, automotive, wind energy, and sporting goods industries. Founded in July 2014, Vartega has developed patent pending recycling technology to address the 15,000 metric tons of carbon fiber waste that is being landfilled and incinerated every year. Vartega’s technology uses a low energy chemistry-based process to free carbon fiber filaments for use in carbon fiber nonwoven fabrics, yarns, thermoplastic pellets, and 3D printing filaments. Materials utilizing Vartega’s low-cost recycled carbon fiber can be used to lightweight automobiles resulting in improved fuel economy and reduced emissions. For more information, visit www.vartega.com.
Innosphere is a non-profit 501(c)(3) organization that supports entrepreneurs building high-growth and high-tech companies in the industries of energy and advanced materials, digital health innovations, biosciences, and software/hardware. Innosphere works with these startups and small businesses through their validation, startup, and growth stages. Innosphere prides themselves on the work they do to understand each company's specific needs in order to better customize a high-performance plan for each company based on capital, talent and growth strategies. Companies learn from other founders and experienced advisors, and receive ongoing support to ensure they have the know-how to raise the right kind of capital, and have all the resources to exponentially grow. Headquartered in Fort Collins, CO, Innosphere has multiple office locations across the state to better serve entrepreneurs.