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The original item was published from 8/7/2015 11:52:11 AM to 9/23/2015 12:00:00 AM.

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Town of Parker News

Posted on: August 7, 2015

[ARCHIVED] Business Incubator Coming to Parker


The Town of Parker has entered into an agreement with Innovation Pavilion (IP) to expand IP’s model for economic development to Parker. IP serves as a business incubator focused on marketplace innovation and entrepreneurship. The IP expansion will grow alongside Parker’s current projects and help the Town to become a healthier place to live, play and work.

The new partnership demonstrates Parker’s commitment to advancing economic opportunities and quality of life for its citizens. Parker and IP will work closely with local corporations to explore ways to make employees happier, more productive and more secure. The partnership will also seek to bring increased business investment and high-quality job opportunities to the community.

“A Parker Innovation Pavilion will capitalize on the wealth of entrepreneurial talent among local businesses and residents,” said Mayor Mike Waid. “This represents a tremendous economic development opportunity for the Town and region.”

The Town of Parker and IP have already begun to discuss innovative ‘SMART Town’ solutions to community issues identified by citizens including recreation, traffic, safety and education.

“Parker is home to many entrepreneurs who are using innovative technology everyday in their professional lives, and we want to integrate these technologies with their home lives as well,” said Vic Ahmed, co-founder and CEO of Innovation Pavilion. “Our facilities and programs give new entrepreneurs and corporations access to resources, and our new programs in Parker will provide resources to help build and connect the community.”

IP currently operates out of an 80,000-square-foot facility in Centennial, Colo. This facility hosts over 500 meetings and events per year that foster innovation and business growth. This agreement with IP begins the process of expanding its Centennial model into Parker. Further steps to be taken include convening the business community to identify market opportunities and opening a physical space for IP to operate within Parker.

The announcement was made at the official TechrIoT launch on July 22. TechrIoT is a Colorado- based community of Internet of Things (IoT) entrepreneurs, executives, manufacturers, investors, engineers, suppliers and academics. This new partnership will bring other programs like this to Parker that will promote increased technology integration with recreational, educational and creative industries.

IP and the Town of Parker will be hosting a launch event at the PACE Center on Tuesday, Sept. 22.

About Innovation Pavilion
Innovation Pavilion is an ecosystem of entrepreneurs where productive collisions lead to creative solutions. Located in Centennial, Colo., Innovation Pavilion provides co-working spaces, business incubation programs, job readiness training and a collaborative community that brings together entrepreneurs and business leaders of all shapes and sizes. For more information, visit

About Town of Parker’s Economic Development Department
The Town of Parker’s Economic Development Department provides full-service economic development assistance to existing, expanding and relocating businesses, as well as retail development. The Department is committed to providing services and resources for businesses, including incentive packages, available properties, demographics and data. The Department’s goals are to create economic vitality and sustainability through the recruitment and retention of businesses and development, thus enhancing a strong economic base for the community for now and the future. For more information visit,

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