Today, the Global Business Development division of the Office of Economic Development and International Trade (OEDIT) announced that 37 Colorado companies and six researchers have been awarded Proof of Concept and Early-Stage Capital and Retention grants through OEDIT’s Advanced Industries Accelerator Program. These grants help promote the growth and sustainability of advanced industries in Colorado by driving innovation, commercialization, and public-private partnerships that move this vital aspect of Colorado’s economy forward in communities across the state, including businesses in Hesperus, Buena Vista and Crested Butte.
“The advanced industries are known to be a key driver of Colorado’s economy. Today’s announcement also demonstrates their role in creating new technologies. From women’s health to wildfire mitigation and concussion prevention, these grant recipients will create new good-paying jobs for Coloradans while also improving and sustaining the strong quality of life our state is known for,” said Rama Haris, OEDIT’s Advanced Industries Senior Manager.
The Proof of Concept grant is intended to help Colorado research institutions speed up applied research in the advanced industries as well as commercialize products and services in partnership with the private sector. The Early-Stage Capital and Retention grant supports businesses commercializing innovative and disruptive technologies in the advanced industries that will be created or manufactured in Colorado.
These awards represent a total of $9,978,669 in funding. The Advanced Industries Accelerator Program received 99 applications this grant cycle, which were reviewed in a multi-stage process by committees of business, technical and financial experts in the seven advanced industries. Final recommendations were approved by the Economic Development Commission on May 18, 2023.
The next application cycle for Proof-of-Concept and Early Stage Capital and Retention Grants will open on July 3, 2023 and applications will be due September 1, 2023.
Proof-of-Concept Grants:
RoGO Communications – Lakewood, CO $250,000: RoGO Communications has developed a lightweight device that connects firefighters over cellular-denied and radio-denied areas.
Read the full article HERE