Friday November 20, 2020 0 comments
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.
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