113. Supporting Rural Startups with Margaret Hedderman

6 Mar 2023 · 41 min
The Growing Small Towns Show

6 Mar 2023 · 41 min

0:00

In this episode of Growing Small Towns, host Speaker A interviews Margaret Hetterman, Communications and Editorial Director of Startup Colorado, a 501(c)(3) nonprofit dedicated to fostering entrepreneurial ecosystems in Colorado’s rural communities. Margaret outlines the organization’s evolution from a university‑run summer program launched in 2011 by Brad Feld and Phil Weiser, to an independent nonprofit in 2023. She explains how Startup Colorado conducts ecosystem‑building through two complementary tracks: on‑the‑ground regional work—traveling directors building relationships with local business support organizations, sponsoring events, providing scholarships, and offering one‑on‑one mentorship—and an online community hosted on Hivebrite that connects entrepreneurs, mentors, funders, and support agencies across the state. The conversation covers the organization’s flexible, non‑blueprint approach to regionality, examples of event formats such as Lean Coffee and “Lean Wine,” a storytelling podcast and news site that showcase rural founders, and a free‑membership model funded by donations and grants. Margaret shares advice for others wanting to replicate the model, emphasizing relationship‑building, avoiding duplication of effort, and tailoring resources to each community’s unique geography and industry mix. The interview also touches on the small three‑person team, upcoming pre‑accelerator program, and the desire to scale the model to other states or countries.

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