$7.7M Advanced Industries Awards fuel 37 Colorado startups

Friday November 20, 2020 0 comments Tags: Denver, Advanced Industries grants, Colorado OEDIT, Katie Woslager

DENVER -- A Colorado company with revolutionary technology to create telepresence robotics, designed  to expedite adoption of robotic arms in advanced industrial and commercial applications is among 37 Colorado start-ups recently approved for funding as part of the Colorado Office of Economic Development and International Trade (OEDIT)’s Advanced Industries Accelerator Grant Program.Advanced-Ind--logo  

A total of $7,657,811 was approved during the first grant cycle of 2021 for Proof-of-Concept and Early Stage Capital and Retention Grants that support Colorado’s advanced industries.

“The Advanced Industry grants expand Colorado’s vital innovation ecosystem that supports our  economic growth,” said Katie Woslager, senior manager for Advanced Industries.

“These innovative companies create jobs and leverage additional investment in Colorado and are even more important as the nation focuses on economic recovery.” 

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

Early Stage Capital and Retention 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.

The AI Accelerator Grant program received 100 applications this grant cycle. Applications were reviewed by committees of business, technical and financial experts, as well as an industry-specific reviewer.

Twenty-four companies were invited to participate in a pitch session in October with the full AI committee. Final recommendations were approved by the Economic Development Commission on Nov. 19. 

The next application cycle for Proof-of-Concept and Early Stage Capital and Retention Grants will open on Jan. 1, 2021 and applications will be due March 1. 

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. 

To date, the program has deployed $86.5 million and has leveraged more than $1.66 billion in follow-on funding back into the state.

Proof-of-Concept and Early Stage Capital Grants:

Advanced Environmental Technologies, LLC, Fort Collins, $169,200

Agile RF Systems, LLC, Berthoud, $250,000

Big Metal Additive, LLC, Denver, $250,000

Bond Pet Foods, Inc., Boulder, $250,000

ClearSight, LLC, Aurora, $250,000

Colorado Research Partners, LLC, Aurora, $250,000

Cosmero, Inc. DBA McSquares, Thornton, $250,000

Darwin Biosciences, Inc., Boulder, $250,000

EdCuration, Golden, $250,000  

ForCast Orthopedics, Inc., Longmont, $250,000

Kestrel Labs, Inc., Boulder, $200,000

KineticCore Solutions, LLC, Loveland, $200,000

Menogenix, Inc., Aurora, $108,000

Mighty Oak Medical, Inc., Englewood, $250,000

Mindful Mamas Club, Inc., Englewood, $250,000

Peak Diagnostic Partners, LLC, Westminster, $250,000

PickNik, Inc., Boulder, $248,000

POPvr, Boulder, $250,000

QuikRStuff, Grand Junction, $150,000

Rolling Energy Resources, Boulder, $250,000

Scythe Robotics, Inc., Longmont, $250,000

Serenity App, Inc., Denver, $150,000

Terra Firma, LLC, Colorado Springs, $249,869

Think Bioscience, Inc., Boulder, $250,000

Titan Robotics, Ltd., Colorado Springs, $250,000

Transitional Energy, LLC., Aurora, $500,000

Ubiterra Corporation, Denver, $175,000

Veloce Corporation (SmartTab), Denver, $250,000

Vertical Solutions, Inc. DBA VSi Parylene, Broomfield, $160,700

Proof of Concept Grant Recipients

University of Colorado-Denver, Researcher Emily Gibson, Aurora, $150,000

University of Colorado-Denver, Researcher Yuwen Zhu, Aurora, $149,040

University of Colorado--Boulder, Researcher Carson Bruns, Boulder, $142,000

University of Denver, Researcher Amin Khodaei, Denver, $149,966 

Colorado School of Mines, Researcher Dylan Domaille, Golden, $150,000 

National Jewish Health, Researcher Stephen Humphries, Denver, $35,180 

National Jewish Health, Researcher Michael Strong, Denver, $35,176 

National Jewish Health, Researcher Raphael Sung, Denver, $35,200