|By Business Wire||
|June 27, 2014 03:40 PM EDT||
Boomtown today announced the establishment of a new Connected Device Lab designed to be a catalyst for advancements in Internet of Things devices and technology.
Allyson Patterson, director of investor relations and employee development at Zayo Group, a Boulder-based global provider of Bandwidth Infrastructure services, made the announcement at Boomtown’s inaugural Demo Day. At Demo Day the six companies to complete Boomtown’s intensive 12-week accelerator program unveiled their products before an audience of investors, the media and the public.
“The fact that two of the six spring 2014 Boomtown companies offer smart, Internet of Things devices is an indicator of what’s to come,” said Boomtown co-founder and co-director Toby Krout. “The Internet of Things offers huge potential for technology that will make people around the globe smarter, happier and healthier.”
In February 2014 the International Data Corporation, a technology research firm, predicted that the global Internet of Things market would reach $7.1 trillion by 2020.
“I am incredibly excited to see what comes out of the Connected Device Lab,” continued Krout. “With students, entrepreneurs, agencies, development shops and others all working together, I have no doubt that this lab will put Boulder on the map as a global leader in the rapidly growing Internet of Things market.”
The Connected Device Lab will be based in downtown Boulder and will be accessible to the community and to Boomtown startup teams. The lab is already under development and set to open in the fall of 2014.
Boomtown was founded in 2013 by a group of media, marketing and technology veterans, including former Crispin Porter + Bogusky (now CP+B) principal Alex Bogusky. Boomtown aims to discover and support promising Internet, mobile and software startups, primarily in the media, design, marketing and ad tech sectors that use technology or analytics to redefine media and the relationship between people and brands. Designed as a seed-stage tech accelerator, Boomtown will nurture selected startups through a 12-week mentoring program. http://www.boomtownboulder.com; Facebook: https://www.facebook.com/BoomtownBoulder; Twitter: http://twitter.com/BoomtownBoulder