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.

The Rock Lounge

Marcus Garcia has been the owner of the Rock Lounge (RL), an indoor climbing gym in Durango, since 2014. Marcus had transitioned from being a RL employee, a rock climbing guide, and owner of a small construction company before then. The RL was profitable in his first year, yet he thought there was more potential to be realized. Marcus had sent his business manager to a locally sponsored event which introduced them to the Small

Read More »
Dry Dock Brewing Company

Dry Dock Brewing Company is an award-winning microbrewery and Aurora’s first. Established in Octo-ber 2005, Dry Dock is co-owned and operated by Kevin DeLange and Michelle Reding. Dry Dock has enjoyed tremendous success and growth in a very short time. To-date, the brewery is producing al-most 20,000 barrels of beer each year. It’s the largest brewery in Colorado that’s only distributing in-state. At the brewery on Hampden and Chambers, there’s a cozy bar with casual

Read More »
Power to Play Sports

With completion expected in the spring/summer of 2016, Power To Play Sports brings the first-ever Events Center of its kind for youth basketball in northern Colorado. As the premier youth organization in the Rocky Mountain region with an established clientele reaching national participation, the venture brings northern Colorado to the forefront of family-destination. Established as a full-time corporation in 2008, PTPS has quickly raised the quality of youth basketball leagues, tournaments and developmental instruction throughout

Read More »
Sit Means Sit Dog Training

Sit Means Sit Dog Training was opened in November 2008 by Jori E. Pollard who serves as the owner and head trainer. Located in Pueblo, CO Sit Means Sit Dog Training is located at 2424 N. Freeway, Pueblo, CO 81003. Sit Means Sit Dog Training is the fastest growing dog training company in the U.S. specializing in off leash training, aggressive dogs, and difficult issues. They provide an opportunity for dog owners to develop a

Read More »
North Line GIS

North Line GIS was founded in October 2006 by Mike George and Trip McLaughlin after seeing a need for a GIS business to service the needs of the local community as well as the western slope of Colorado. Both Mike and Trip were employed full-time by others at the time of the start-up, so they were able to start the company with personal funds while building the business. Although both founders have extensive experience as

Read More »
Sweet Indulgent Creations LLC

Geneva always dreamed of starting her own bakery and has custom baked for friends and family for years. “With the assistance I received from the Southeast Colorado SBDC, I was not only able to start a new career – I was able to follow my dream of having my own small bakery. I was supported with guidance and direction to become and stay successful. One of the best things I know is at any point

Read More »
Scroll to Top
Skip to content