Advanced Industries program offers grants to advance technology in Colorado

The Colorado Office of Economic Development and International Trade (OEDIT) is coming to the WestSlope to discuss opportunities for funding to support technology and business development for companies operating in the state's Advanced Industries and to support Colorado company export growth.  Informational sessions in the region include;

8/8 Grand Junction

·       4:30 – 6:30PM

·       Mesa County Public Meeting Room at 544 Rood Ave.

8/9 Montrose

·       10AM – 12PM

·       Proximity Space at 210 E. Main St.

8/9 Telluride

·       3 – 5PM

·       Wilkinson Public Library at 100 W. Pacific Ave.

8/10 Durango

·       1 – 3PM

·       SCAPE at 1211 Main Ave., Suite #1

The Advanced Industries Accelerator Grant program received 124 applications in their last grant cycle. Twenty-four companies were invited to participate in a pitch session in April and the Colorado Economic Development Commission approved 15 Colorado companies to receive Proof-of-Concept and Early Stage Capital Grants for a total of $2.9 million. Two of these companies were from the WestSlope.  

GitPrime (Durango, CO)- is cloud software that provides productivity analytics for teams of software developers.

Mountain Racing Products (Grand Junction, CO) – Eko Sport, Inc. dba Mountain Racing Products (MRP) is a manufacturer of high end bicycle components and will be launching a new suspension fork line aimed at the new hub standard.

The next application cycle for Proof-of-Concept and Early Stage Capital and Retention Grants is open now and applications will be due September 8, 2017. For more information https://choosecolorado.com/doing-business/incentives-financing/advanced-industries/ or contact Katie Woslager, katie.woslager@state.co.us.

Approximately $40,773,560.79 from the Advanced Industry Fund has been granted since the inception of the program in 2013. To date, the program successes include the creation of 492 new jobs and approximately 593 jobs retained. Additionally, these funds have helped the technologies acquire an additional $200,353,734.29 dollars in grants and investments to further commercialize these advanced technologies.

The Advanced Industries Accelerator Program (AIA) was 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.