OEDIT accepting applications for statewide grants to Bioscience Discovery Evaluation Grant - Early Stage Company Program

DENVER — April 9, 2013 — The Colorado Office of Economic Development and International Trade is accepting applications from early-stage bioscience companies interested in receiving funding through grants made possible by the Bioscience Discovery Evaluation Grant Program (BDEGP). Applications are due by May 1, 2013. The application and guidelines can be found at www.advancecolorado.com/bdegp.

 The BDEGP aids in the growth of the bioscience industry in Colorado. The program advances new technologies from the lab toward commercial products and services, supporting innovation, company formation, and job creation. There is currently $762,646 available for funding. Grants support the commercialization of bioscience technologies licensed from qualified Colorado research institutions with applications in therapeutic or diagnostic products, devices, or instruments to improve human health; agriculture; or biofuels.

Over the past six years, the program has fostered the creation of 37 new Colorado companies and the direct creation of approximately 309 jobs. In addition to leveraging matching funds for technology advancement, an additional $95 million has accrued to the program technologies, based on almost $24 million in grants awarded. In fiscal year 2012, over $5.2 million was awarded to 33 projects.

 For more information, please visit www.advancecolorado.com/bdegp.