OEDIT Announces More Than $2.4 million In Grants To Colorado Organizations

September 18, 2015 – The Colorado Office of Economic Development and International Trade (OEDIT) have announced grantees for the Advanced Industry Accelerator Grant Program. A total of $2,420,319 will be awarded for the Proof-of-Concept & Early Stage Capital and Retention Grants to support Colorado’s advanced industries.

Proof-of-Concept Grantees:

These grants are open to Colorado research universities, federal labs located in Colorado and other labs with valid technology transfer offices. These grants are for pre-commercialization research and commercialization preparation.

  • University of Colorado, Denver: $150,000 The HITM Collaborative seeks to fund a pilot clinical trial to treat secondary liver cancer patients with novel CAR-T immunotherapy. This project is in collaboration with Roger Williams Medical Center in Providence, Rhode Island and industry partner Surefire Medical.

  • Colorado School of Mines, Golden: $150,000 The creation of a technology for integrating thermodynamically-incompatible materials for cost savings and improved performance. The associated tangible goods will be copper and similar metal powders coated with thin barrier layers.

  • Colorado State University and UC Health Research Northern Colorado, Fort Collins: $149,724 The Lifeboard product will be a hardware and software package that electronically captures displays and records all essential data during time-critical events, such as trauma and cardiac arrest, and projects it to monitors located in key areas to improve situational awareness and reduce errors.

  • Colorado State University, Fort Collins: $150,000 The product to be developed is a hollow cathode plasma electron source to replace the thermionic cathode electron sources currently used in commercial EBM machines. Industry partner: Plasma Controls, LLC.

  • Colorado State University and UC Health Research Northern Colorado, Fort Collins: $150,000 Clinical validation of Cortemis: A novel, non-invasive bio-sensing platform for real-time triage. Industry partner: Corvectra

  • Early Stage Capital and Retention Grantees:

    These grants fund companies commercializing innovative technologies to create viable products that meet a market need and can be created or manufactured in Colorado and exported globally.

  • PneumatiCoat Technologies (PCT), Broomfield: $250,000 PCT has developed an innovative high-rate manufacturing method. The base technology leverages an atomic layer deposition coating method that delivers unparalleled control to tailor surfaces and customize products at the atomic scale.

  • Quest Thermal Group, Arvada: $54,603 Quest Thermal has developed a technology/product line of advanced thermal insulation using proprietary discrete spacers.

  • Revolar, Denver: $166,055 Revolar aims to create a discreet, wearable personal safety device that contacts your friends and family at the push of a button.

  • Composite Technology Development (CTD), Lafayette: $249,937 The primary product being advanced with this grant will be Type V linerless all-composite KIBOKO pressure vessels (or tanks). Additionally, this grant will help CTD offer the engineering and design services involved in developing new linerless composite tank designs primarily for the Commercial Launch Vehicle/Satellite market, but also for military/aircraft/shipboard, industrial/automotive and medical market segments.

  • QuSpin, Inc. Louisville: $250,000 QuSpin develops ultra-high-performance sensors (magnetometers) that can detect magnetic fields over 10 billion times smaller than the earth’s own magnetic field. The remarkably high sensitivity of their magnetometers is expected to be invaluable for a number of areas, such as scientific research, space exploration, defense and biomedical imaging.

  • Nokero Solar, Denver: $250,000 Nokero strives to be the premier supplier of solar products for the 1.3 billion people who live without electricity. Their bulbs provide immediate safety and security for those living off the grid and those in refugee camps, temporary shelters or damaged homes.

  • Schoolrunner, Denver: $250,000 Schoolrunner represents a major leap forward for both teacher and administrator workflows and scales across multiple schools to provide district efficiencies as well. They use data to help teachers know what topics their students need the most help with.

  • Avivid Water Technology, LLC, Longmont: $200,000 Avivid Water Technology has developed a revolutionary stand-alone water purification technology called TurboCoag. This breakthrough process unlocks the true potential of a proven 100+ year-old idea known as electrocoagulation.

  • Applications are reviewed by committees that consist of business, technical and financial experts, as well as an industry-specific review. Final recommendations are reviewed and determined by the strategic oversight board, with guidance from the Colorado Economic Development Commission.

    The next application cycle for Early-Stage Capital and Retention & Proof of Concept Grants will open September 25, 2015. Applications will be due on November 2, 2015.

    The Advanced Industry Accelerator Programs (AIA) promote growth and sustainability in Colorado’s advanced industries by driving innovation, accelerating commercialization, encouraging public-private partnerships, increasing access to early stage capital and creating a strong infrastructure that increases the state’s capacity to be globally competitive. AIA encompasses three distinct grant programs: Proof of Concept, Early Stage Capital & Retention, and Commercialization Infrastructure.

    For more information visit: www.advancecolorado.com