The Advanced Industries (AI) Accelerator Programs (HB 13-1001, HB 13-1193) were created in 2013 to promote growth and sustainability in these industries by helping drive innovation, accelerate commercialization, encourage public-private partnerships, increase access to early stage capital and create a strong ecosystem that increases the state’s global competitiveness.
Advanced industries are prime drivers of the U.S. and Colorado economy, comprised of engineering and R&D intensive companies that deliver products and services in industries ranging from aerospace to medical devices.
Colorado’s advanced industries include: advanced manufacturing, aerospace, bioscience, electronics, energy and natural resources (including Cleantech), infrastructure engineering, and technology and information. The economic impact of these industries account for nearly 30 percent of the state’s wage earnings, nearly 30 percent of the total sales revenues across all industries within the state and nearly 35 percent of the state’s total exports.
As part of the statewide strategy to support these critical industries in their various phases of growth, OEDIT offers four types of grants and two global business programs. Grants are available for Proof of Concept, Early-Stage Capital & Retention, Infrastructure Funding and AI Exports. A network of consultants and export training program are also available as part of the AI Global Business Programs to support these industries as they strive for worldwide markets.
Review process for applications submitted the first business day of each fiscal quarter (January, April, July, October).
|Timeline Submission Deadline||Activity|
|Week 3||All applications distributed to industry specific sub-committees|
|Weeks 6-7||Sub-committees meet and select applications to refer to full committee|
|Weeks 8-9||Full committee review meeting|
|Weeks 9-10||Strategic Oversight Board considers applications and makes recommendations|
|Weeks 10-12||Awards announced|
Advanced Industries Accelerator Grant Programs
Proof-of-Concept Grant - Due on the first business day of each fiscal quarter
- Applied research performed at Colorado research institutions
- Grant size limited to $150,000
- Selection preference will be given to those projects that:
- Include impacts across more than one AI
- Involve more than one research institution
- Involve a research institution and an AI company; or
- Originate from a nonprofit research institution
- Collaborative projects that focus on technologies that cut across multiple AIs or include multiple research institutions may qualify for funding in excess of $150,000
- Matching funds shall be 3 (state) to 1 (institution)
- Click here to view Resources
|If you are an eligible research institution and would like to qualify your technology transfer office, please download this qualification letter and respond as directed. For questions, contact the program manager at firstname.lastname@example.org. Qualified technology transfer offices have received access to the application from the program manager.|
Early-Stage Capital & Retention Grant - Due on the first business day of each fiscal quarter
- Headquartered in or at least 50 percent of employees based in Colorado
- Less than $10 million in annual revenues and less than $20 million raised from investors
- Grant size limited to $250,000
- Selection preference will be given to a company that is:
- Developing technology or R&D that impacts more than one advanced industry
- Developing technology licensed from a Research Institution operating in Colorado
- Participating, or has recently participated, in an entrepreneurship program, or engaged with an incubator/accelerator program (see Application Guidelines); or
- Referred by a VC/Angel investor group that has prepared a written analysis (submitted with incubator/accelerator program (see Application Guidelines; or the application) that the subject technology has commercial potential, but is too early for their investment criteria
- Projects that focus on technologies that cut across multiple AIs may qualify for funding in excess of $250,000
- Matching funds shall be 1 (state) to 2 (private)
- Click here to view Resources
|Alert: This online grant application system is only compatible with certain web browsers: Google Chrome, Mozilla Firefox, Safari and Internet Explorer 10.|
- Grant size limited to $500,000
- Selection preferences will be given to those projects that
- Accelerate economic growth in more than one advanced industry
- Include more than one research institution or a research institution and advanced industry stakeholder
- Originate from nonprofit research institutions
- Focus on applied research and development, technology acceleration, or production-oriented or
- Focus on workforce development that addresses the advanced industries’ workforce skills that are needed to facilitate commercialization of products or services
- Collaborative projects that focus on technology or product development that cut across multiple AIs and across multiple research institutions may qualify for funding in excess of $500,000
- Matching funds shall be 1 (state) to 2 (non-state)
*The current Bioscience Discovery Evaluation Grant (BDEG) program will operate under its current rules, guidelines and format. On January 1, 2015, the BDEG program will merge with the AI Accelerator Program and both will operate under the AI Accelerator Program rules and guidelines.
Advanced Industries Export Accelerator Program - Learn more
- Provides stipends to businesses that are new to exporting or expanding into new export markets
- Grant size limited to $15,000
- Matching funds shall be 1 (state) to 1 (participant) for specific export-related needs
- Encourage innovative use of funds to meet the specific export needs of Colorado businesses in the advanced industries
- Eligible events/activities include obtaining international certifications, attending international trade shows, designing and producing international market marketing materials, and following export compliance regulations
Applications will be accepted on a rolling basis until funding expires. For more information, click here or contact the International Division’s Export Grants Manager, Jorge Diaz at 303-892-3858 or Jorge.email@example.com.
OEDIT assembled a network of international consultants that will connect the advanced industries to global opportunities. Colorado companies have access to international consultants in major markets that provide valuable in-country market research specific to the advanced industries. Consultants can help Colorado companies learn how to:
- Gain local knowledge fast
- Realize competitive advantages
- Understand country regulations
- Open new doors to export success
Global locations of consultants include: Brazil, Canada, Mexico, France, Germany, Scandinavia, UK, China and Japan.
For more information about the consultant network, click here or contact Sandi Moilanen at 303-892-3857 or firstname.lastname@example.org.
Export Training Program - Available February, 2014 - please complete the form below to receive program updates.
OEDIT and the World Trade Center-Denver will provide export training and acceleration program for businesses to learn the fundamentals of exporting and international marketing specific to the advanced industries. For more information about the export training opportunities, please contact Sandi Moilanen at 303-892-3857 or email@example.com.