Frederick Douglas founded Cosmos Technologies in 1997 with his own resources. In time, he realized that Cosmos needed to expand to keep up with the rising demand for its services. After approaching Bridgeway Capital in 2004, he was able to secure a loan to hire additional employees. An engineering company, Cosmos Technologies implements process knowledge to assist its clients in achieving their environmental, safety, research and development, quality assurance and energy management objectives. "Being an entrepreneur and starting a business -- it's all about ideas, and being able to create," said Mr. Douglas. Since 2004, Cosmos Technologies has obtained additional financing from Bridgeway Capital to help it expand. According to Mr. Douglas, these loans have caused a "springboard of activities" for the company. Since 2004, the company has: - Increased from 2 - 12 employees.
- Retained higher wage jobs.
- Diversified and expanded its client base.
“There is a wide misconception of entrepreneurship that makes it difficult to receive financial support. Bridgeway Capital realizes its importance, and we are forever grateful," said Mr. Douglas. |