Radish Systems (News - Alert), a global company that helps people interact on their mobile devices more effectively through its easy-to-use solutions and products, has now joined EFCO, or the Entrepreneurs Foundation of Colorado.
EFCO is a network of Colorado entrepreneurs who have come together to help their Colorado-based community. The entrepreneurs who are a part of EFCO work with local entrepreneurs, and they gift a portion of their yearly profits or a portion of their founding equity to the community through EFCO.
Start-up entrepreneurs who are a part of EFCO contribute to the long-term sustainability of Colorado. There are over 50 other Front Range Companies of Colorado who have joined EFCO and are contributing to the present and are investing in Colorado’s future.
Radish CEO, Theresa Szczurek, explained that “Even as an early stage company, we can plan to give back to our community by gifting a portion of our founding equity to EFCO. It’s a positive way to demonstrate our core values and commitment to the Colorado community.”
Managing Director of TechStars and an EFCO Board Member, Nicole Glaros, also said, “EFCO is a good fit for companies in early stages of development who want to build giving back into their core values but don’t have the capacity to build their own program. Many of our companies benefit from the generosity of others through mentoring and networking. EFCO provides them with a venue for paying some of that back via support for the community.”
A group of entrepreneurs, venture capitalists, lawyers and the Community Foundation Serving Boulder County laid the foundation of Entrepreneurs Foundation of Colorado to work with local entrepreneurs to help enrich Colorado in numerous ways. It has been mentoring and helping non-profits organizations, start-ups and other causes the foundation deems worthy.
Founding members of EFCO include Symplified, Foundry Group, Rally Software, Tendril, TechStars and more. Since its inception in 2007, EFCO has already forwarded grants worth $500,000 and more to Front Range non-profits. This year, EFCO plans to double the amount of grants to be given.
EFCO aims to create a culture of corporate philanthropy, where EFCO member companies instill the values of community support into their organizations.
Edited by Allison Boccamazzo