Colorado launches second round of grants for AI Accelerator Programs

The Colorado Office of Economic Development and International Trade today announced the second grant cycles for the Advanced Industries Accelerator Programs.

Online applications are now being accepted at www.advancecolorado.com/aiprograms for Proof of Concept and Early-Stage Capital & Retention grants.

Proof of Concept grant applications are due on Jan. 2, 2014, and are for applied research performed at Colorado research institutions. Grants up to $150,000 will be awarded (with exceptions), with matching funds at 1-to-3.

Early Stage Capital and Retention grant applications are also due on Jan. 2, 2014, and are meant to help Colorado keep and grow our companies. Grants up to $250,000 will be awarded (with exceptions), with matching funds of 2-to-1.

The Advanced Industries Accelerator Programs (HB 13-1001HB 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: Aerospace, Advanced Manufacturing, Bioscience, Electronics, Energy and Natural Resources (including Cleantech), Infrastructure Engineering, and Technology and Information. 

Grant cycles will be quarterly with applications due on the first business day of the quarter. For more information about the AI Accelerator Programs, including upcoming information sessions, guidelines and grant cycles, please visit www.advancecolorado.com/aiprograms.

 

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