OEDIT Grants $4.6 Million To Colorado Organizations

February 12, 2016 – The Colorado Office of Economic Development and International Trade (OEDIT) announced grantees for the Advanced Industry Accelerator Grant Program. A total of $4,634,779 will be awarded for the Proof-of-Concept and Early Stage Capital and Retention Grants to support Colorado’s advanced industries.

“We are thrilled to grant these innovative organizations with funds needed to help scale their technologies,” said OEDIT executive director Fiona Arnold. “The Advanced Industries Program continues to be a great success, and it has attracted other state agencies, such as the Colorado Energy Office, to put funding and resources into the program to reach even more Colorado organizations.

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.

  • Colorado School of Mines- Golden, $150,000 – evaluation of novel solvolysis process to recycle scrap and expired resin prepreg carbon fiber. Industry partner: Vartega Carbon Recycling

  • Colorado School of Mines- Golden, $150,000 – fuel cell technology centered on a new class of proton-conducting ceramic materials that have demonstrated world-record performance.

  • Colorado State University/Mother’s Milk is Best- Fort Collins, $150,000 – development of Human Milk Concentration (HMC) advanced filtration technology to safely and efficiently remove water from human milk, creating beneficial nutrients to promote neonate growth.

  • Colorado State University- Fort Collins, $55,732 – creation of a new product for the clinical treatment of large bone defects.

  • Colorado State University- Fort Collins, $150,000 – improvement of remote monitoring of animal healthcare and owner compliance to significantly improve pet well-being while reducing care costs.

  • 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.

  • Blue Canyon Technologies- Boulder, $250,000 – development of commercial, high-volume spacecraft components.

  • CereScan- Littleton, $250,000 – funding will be used to import perfusion data, create web portals for doctors and patients, and develop a diagnostic treatment support system for clinical use by physicians.

  • FiveFocal, LLC- Boulder, $250,000 – innovative Imager software development for the design of digital cameras.

  • FWD: Energy- Keensburg, $250,000 – FWD: Energy is commercializing a combination of emerging technologies with the goal of producing high quality graphite substitutes from end-of-life scrap tires.

  • Global Circuit Innovations, Inc. – Colorado Springs, $150,000 – creation of patented market qualified Die Extraction and Reassembly (DER) services as a solution for obsolescence and high temperature issues with integrated circuits.

  • MMA Designs- Boulder, $112,518 – development for a deployable membrane antenna that offers dramatic capability improvements over a wide range of frequencies.

  • Notion- Denver, $250,000 – Notion has created a product that is capable of detecting multiple events like a water leak, smoke alarm going off or if a door opens from one sensor that sends notification to your smartphone.

  • RxREVU, Inc.- Denver, $250,000 – a physician-founded organization with a mission to become the leader in prescription decision support to help providers identify the most cost effective medication using personalized factors.

  • Sensera Systems, Inc- Golden, $250,000 – creation of a multi-sense platform that is an innovative low-cost, low-power, wireless, solar-powered, cloud-based monitoring technology.

  • KMLabs, Inc- Boulder, $50,000 – addressing technical reliability issues with their fiber laser.

  • MenoGenix- Aurora, $150,000 – clinical stage biotech company developing MNGX-depressant, alternative to treat hot flashes and related vasomotor symptoms of menopause.

  • 3D Biopsy- Aurora, $250,000 – development of a complete turnkey biopsy system (3DB System) that uses three dimensional imaging to map the entire prostate gland to aid in cancer detection.

  • EnlightenVue- Denver, $250,000 – specializes in low-cost innovative disposable micro-endoscopes.

  • HepQuant LLC- Greenwood Village, $250,000 – development of a unique diagnostic test to determine the functional health of a patient’s liver.

  • IM Therapeutics- Broomfield, $196,889 – clinical stage biotechnology company engaged in the discovery and development of innovative products using personalized medicine approach to the treatment of autoimmune diseases.

  • Infinity- Larkspur, $250,000 – creation of a reduced sized of a transcatheter heart valve system.

  • ProtechSure Scientific- Aurora, $90,000 – clinical trial work examining the effectiveness of DIFINSA53 in addressing the symptoms of radiodermatitis.

  • Sharklet Technologies- Aurora, $250,000 – development of a novel intra-ocular lens (IOL) the ClearSightTM IOL to help with surgical complications in the field of ophthalmology.

  • Sudhin Biopharma Company- Superior, $50,000 – patented technology for scaled up compact cell settlers, which scale up the powerful inclined settler technology in a cylindrical and conical geometry.

  • TopoGEN- Buena Vista, $205,000 – provides validated research grade products for anticancer and anti-infective drug development.

  • Nanoly Bioscience- Boulder, $50,000 – technology focus on the preservation of therapeutic efficacy and prevention of spoilage by eliminating the vaccine cold chain.

  • Additionally, FractureID of Denver and Prostar Geocorp Inc. of Grand Junction, will receive at total of $500,000, which will be funded through a partnership between OEDIT and the Colorado Energy Office (CEO). CEO funding is aimed at supporting oil and gas energy startups.

    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 state Economic Development Commission.

    The next application cycle for Early-Stage Capital and Retention and Proof of Concept Grants is suspended to allow time for a review of the program to date, ensure that key program objectives are being met and to consider any improvements substantively and administratively. The next anticipated deadline is July 1, 2016.

    The Advanced Industry Accelerator Programs (AIA) were created in 2013 to 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 and Retention, and Commercialization Infrastructure.