“This is not a new reality, but in today’s technologically-driven world, it’s a reality that has become more and more apparent. Colorado has a robust private sector filled with brilliant minds leading the way. Whenever possible, we will be a partner. With this Advanced Industry Accelerator Program, we are growing Colorado’s innovative, collaborative business ecosystem and building a trained workforce. The grants will help entrepreneurial companies to compete globally, encourage faster commercialization of technologies and create Colorado jobs.”
The current grant funding cycle for the Advanced Industry Accelerator Programs awarded 15 grants with a total of $1,889,972.
The Proof-of-Concept grants are open to Colorado research universities, federal labs located in Colorado, and other private, nonprofit and for-profit labs with valid technology transfer offices.
The Early Stage Capital and Retention Grants fund companies using technologies developed in proof-of-concept grants and other early stage start-ups that created viable products to meet a market need and can be created or manufactured in Colorado and exported globally.
These grants should enhance the commercialization of advanced industry products or services in Colorado.
EcoVapor Recovery Systems will use grant funds to build and deploy their proprietary vapor recovery module(s) on oil and gas sites in Colorado.
The Advanced Industry Accelerator Programs were created in 2013 to promote growth and sustainability in these 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.