Colorado awards nearly $3M to support innovation through Advanced Industries program

By: InnovatioNews Monday December 23, 2013 0 comments Tags: dbMEDx, Denver, Lightning Hybrids, Prieto Battery, Solid Power, Steelhead Composites, Sundolier, VetDC

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DENVER - Eight early-stage and retention grants were made to Colorado companies as part of the first round of awards under the state's new Advanced Industries Accelerator Grant Program.

Companies receiving the grants were:

  • dbMEDx, Littleton--$249,000

  • Lightning Hybrids, Loveland, $500,000

  • Membrane Protective Technologies Inc., Fort Collins, $125,000

  • Solid Power LLC, Louisville, $250,000

  • Steelhead Composites, Golden, $500,000

  • Prieto Battery Inc., Fort Collins, $150,000

  • Sundolier Inc., Boulder, $499,883

  • VetDC Inc., Fort Collins, $250,000


The state Office of Economic Development and International Trade also made three proof-of-concept grants:

  • National Jewish Health, Denver: KneeTap, $85,000

  • Colorado School of Mines, Golden: Multi-functional coatings to enable advanced optolectronics, $150,000

  • Colorado School of Mines, Golden: Develop advanced steel rails for use in heavy-haul applications, $150,000


The 11 grants totaled $2,908,883 and are aimed at supporting key industries in Colorado.

"The growth in advanced industries in Colorado is adding jobs and having statewide impact on our economy," said Gov. John Hickenlooper. "(This) grant announcement demonstrates the state's continued support of innovation and growth in these sectors."

Colorado's advanced industries under the grant program include aerospace, advanced manufacturing, bioscience, electronics, energy, infrastructure engineering and technology and information.

A second round of grant applications is now being accepted and are due Jan. 2.

For more information, visit www.advancecolorado.com/aiprograms.
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About the Author: InnovatioNews

InnovatioNews is an online news magazine spotlighting innovative companies, products and people in Colorado. Launched in June of 2012, the site is the recipient of multiple awards.