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Success Stories

Black Swift Technologies

Boulder-based company Black Swift Technologies was founded by three PhD students from the University of Colorado. The three men were inspired to start the company from their work in the field during their studies. At CU, they learned how to chase storms and collect data using old military equipment, which is relatively complicated to use. They set out to simplify the process with unmanned aircraft systems and Black Swift Technologies was born.

Although they are a relatively new company, their team, now consisting of seven engineers, represents over 30 years of experience in complex unmanned aircraft systems. The company takes pride in their modular aircraft system that has been approved and used by NASA.

The Boulder Small Business Development Center had the pleasure of working with President and CEO, Jack Elston, in their Technology Ventures Series in 2016.

“We were a bunch of engineers who started a company, so there was a lot to be learned on the business side,” explained Elston. “We got an idea of what we should be looking at, what we weren’t looking at, and what we missed to get a better understanding of the business aspect. We also got a good network of people we could talk to.”

He found abundant value in the experience and relatability of the consultants and presenters who were brought into the program. “We immediately started chatting about the work we’d done and our frustrations of trying to find money to span the gap between the technology development and getting it to market, and we’ve had a pretty good relationship ever since,” remarked Elston.

The cohort aspect even brought him a valuable business partnership. Another company participating in the program was able to use Black Swift Technologies as a beta tester for one of their projects. Furthermore, Elston was also able to build a strong network of similar companies in the same startup space in the Boulder area.

Since the end of the program, Boulder SBDC has continued the relationship with Black Swift Technologies and has been able to provide consulting on additional business needs that have arisen since the conclusion of the program. Elston’s company is working on bettering their marketing plan based on client research they collected while working with the SBDC and consultants. They are also focusing more on business planning and working on allocating more money towards other areas. “We saw that there was a lot more value for us with focusing on retail. It’s a little too early to tell if that’s the right direction, but we’re excited about the potential,” concluded Elston.

The Boulder Small Business Development Center will be continuing their Technology Ventures Series in the future because of the success of companies like Black Swift Technologies.

ERC Insulation

ERC Insulation is a local, majority woman-owned and operated business based in Boulder, Colorado, serving Boulder, Denver, Jefferson, Eagle, Garfield and Pitkin Counties. The story surrounding the formation of ERC Insulation began in 2006, when Elton and Christine Randall formed Elton Construction and Design. Elton had difficulty finding a spray foam contractor for his jobs, so he sought a solution to this problem. Elton purchased a trailer with a spray foam reactor, which he could

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Leenie’s Southern Cafe

Conversations, laughter, biscuits and homemade jam melt together at Leenies Southern Café. Established in January 2006, Mel Flores and Eileen Gilmore’s restaurant in Longmont, CO has become a destination for those looking for a classic Southern breakfast and lunch restaurant in Longmont. The dining area is blanketed in simple white tablecloths and is surrounded by shelves loaded with Leenies jams and dishes while local artisan artwork decorates the walls. The atmosphere is relaxed and the

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Boulder Acupuncture and Herbs

Boulder Acupuncture and Herbs is a small business that is founded, run and owned by Norah Charles, an acupuncturist and Chinese herbalist. What makes Boulder Acupuncture and Herbs unique is that Norah works primarily with patients over 70 years old. Norah treats senior clients with a host of difficulties, including chronic pain, depression, and isolation. In addition to her acupuncture, Norah uses over 300 Chinese herbs for distinct wellness purposes. Starting a business is not

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Altitude Spirits

In 2004, Matthew Baris and his father conceived of an idea: to start an organic distillery here in Colorado. Colorado is renowned for its variety of large and small local breweries, so they knew they would see some success with a unique idea like theirs. However, neither family member came from an extensive background in business, so they looked to the Boulder Small Business Development Center to help get their idea off the ground. Matt

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Flight Deck Grill

One day, after leaving her full time job, Diann and her husband were at the Vance Brand airport in Longmont for flight class. She really just wanted to sit down at the end of the day and have some good food and cold drink. She realized that the Vance Brand Airport in Longmont, CO had a lot to offer except a restaurant. That desire and realization was the birth of The Flight Deck Grill. Over

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InDevR

InDevR is a small, privately held biotechnology company in Boulder, CO. Founded in 2003, by Dr. Kathy Rowlen, Dr. John Birks and Dr. Laura Kuck, InDevR employs a highly motivated team of individuals dedicated to the development and commercialization of innovative technologies that will help fill gaps in the current paradigm for virus-related diagnostics. InDevR develops advanced life science instrumentation and assays for analysis of viruses and other microorganisms. Their goal is to revolutionize microbiological

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