Grand Junction companies fare well in pitch competition

A Grand Junction-based bicycle rack manufacturer received a $100,000 investment in an inaugural event in which seven rural Colorado companies pitched for funding.

A second Grand Junction company was awarded in-kind finance and accounting services.

The two companies were among seven finalists in the Greater Colorado Pitch Series Finals held as part of Techstars Startup Week West Slope. More than 100 companies applied to participate.

The Greater Colorado Venture Fund invested $100,000 in QuikRStuff, which manufacturers modular aluminum bicycle racks. Bryan Wachs and J.T. Westcott launched the company this year to provide recreational products. They started by licensing the bike rack designs and patents of Cal Phillips, an outdoor inventor and creator of the Quik Rack bike carrier.

Product Movement Technologies, a third party Amazon reseller, was awarded finance and accounting services from Ascent CFO Solutions.

The Greater Colorado Venture Fund invested in several of the finalists, nearly doubling its initial promise to provide at least $250,000. The Colorado Outdoors Pearl Fund, an opportunity zone fund by Colorado Outdoors, also provided funding as well as in-kind awards.