Friday March 14, 2014 0 commentsDENVER - Gov. John Hickenlooper and the Colorado Office of Economic Development and International Trade on Thursday announced $1,889,972 in Advanced Industry Accelerator Grant Program awards.
The awards were for both Proof-of-Concept and Early-Stage Capital and Retention Grants to support key industries in the state.
Proof-of-Concept grants went to:
- University of Colorado-Boulder--$150,000 for one project
- Colorado School of Mines--Total of $110,000 for four projects
- Colorado State University/CSU Ventures--Total of $399,972 for five projects
Early-Stage Capital and Retention Grants were awarded to:
- BASiC 3C, Boulder, $250,000
- Biota Technology, Denver, $250,000
- EcoVapor, Greeley, $250,000
- Fitbionic Inc., Idaho Springs, $250,000
- Red Canyon Software, Denver, $250,000
"Regardless of the industry, businesses must innovate or they die," Hickenlooper said. "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 Advanced Accelerator Program received a total of 58 applications in the latest funding round for $13.1 million. Applications for the next funding cycle are due April 1.