A smart drug delivery system and an all-electric, self-driving lawnmower company were among 37 startups that received funding as part of the latest Colorado Advanced Industries Accelerator Grant Program.
A total of $7,657,811 was approved for Proof-of-Concept and Early Stage Capital and Retention Grants to fuel the growth of Colorado’s advanced industries, which include things like advanced manufacturing, aerospace, bioscience and electronics.
“The Advanced Industries grants expand Colorado’s vital innovation ecosystem that supports our economic growth,” Katie Woslager, senior manager of Advanced Industries, said in a statement. “These innovative companies create jobs and leverage additional investment in Colorado, and are even more important as the nation focuses on economic recovery.”
The Advanced Industries Accelerator Programs were 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 to increase the state’s capacity to be globally competitive. Last year, the program handed out $5.2 million in grants to 24 startups.
The program received 100 applications this cycle, and applications were reviewed by committees of business, technical and financial experts, as well as an industry-specific reviewer.
Check out this round of Proof-of-Concept and Early-Stage Capital Grant recipients below:
Advanced Environmental Technologies LLC – Fort Collins, $169,200
Agile RF Systems LLC – Berthoud, $250,000
Big Metal Additive LLC – Denver, $250,000
Bond Pet Foods Inc. – Boulder, $250,000
ClearSight LLC – Aurora, $250,000
Colorado Research Partners LLC – Aurora, $250,000
Cosmero Inc. DBA McSquares – Thornton, $250,000
Darwin Biosciences Inc. – Boulder, $250,000
EdCuration – Golden, $250,000
ForCast Orthopedics Inc. – Longmont, $250,000
Kestrel Labs Inc. – Boulder, $200,000
KineticCore Solutions LLC – Loveland, $200,000
Menogenix Inc. – Aurora, $108,000
Mighty Oak Medical Inc. – Englewood, $250,000
Mindful Mamas Club Inc. – Englewood, $250,000
Peak Diagnostic Partners LLC – Westminster, $250,000
PickNik Inc. – Boulder, $248,400
POPvr – Boulder, $250,000
QuikRStuff – Grand Junction, $150,000
Rolling Energy Resources – Boulder, $250,000
Scythe Robotics Inc. – Longmont, $250,000
Serenity App Inc. – Denver, $150,000
Terra Ferma LLC – Colorado Springs, $249,869
Think Bioscience Inc. – Boulder, $250,000
Titan Robotics Ltd. – Colorado Springs, $250,000
Transitional Energy LLC. – Aurora, $500,000
Ubiterra Corp. – Denver, $175,000
Veloce Corp. (SmartTab) – Denver, $250,000
Vertical Solutions, Inc. DBA VSi Parylene – Broomfield, $160,700
Check out more information, including company descriptions here.
