Advanced Industries Invited to Apply for Grants

Denver, Colorado. June 6, 2014 – The Colorado Office of Economic Development and International Trade (OEDIT) announced that applications are now being accepted for the first grant cycle of the fiscal year for the Advanced Industries Accelerator Grant Programs.

Online applications are being accepted at www.advancecolorado.com/aiprograms for two of the four grants: Proof of Concept and Early-Stage Capital & Retention grants. Applications are due July 1, 2014.

The Advanced Industries Accelerator Programs (HB 13-1001, HB 13-1193) were created in 2013 to promote growth and sustainability in these industries by helping drive innovation, accelerate commercialization, encourage public-private partnerships, increase access to early stage capital and create a strong ecosystem that increases the state’s global competitiveness.

Advanced industries are prime drivers of the U.S. and Colorado economy, comprised of engineering and R&D intensive companies that deliver products and services in industries ranging from aerospace to medical devices. Colorado’s advanced industries include: Aerospace, Advanced Manufacturing, Bioscience, Electronics, Energy and Natural Resources, Infrastructure Engineering, and Technology and Information.

As part of the statewide strategy to support these critical industries in their various phases of growth, OEDIT offers four types of grants and global business support programs.

Grants are currently available for:

  • Proof of Concept grant applications are due on July 1, 2014, and are for applied research performed at Colorado research institutions. Grants up to $150,000 will be awarded (with exceptions), with matching funds at 3-to-1.

  • Early Stage Capital and Retention grant applications are also due on July 1, 2014, and are meant to help Colorado keep and grow our companies. Grants up to $250,000 will be awarded (with exceptions), with matching funds of 1-to-2.

  • For more information about the AI Accelerator Programs, including upcoming information sessions, guidelines and grant cycles, please visit: www.advancecolorado.com/aiprograms