CBSA Applauds Advanced Industries Accelerator Grant Recipients

Colorado BioScience Association applauds CBSA members and honorees from across our state’s innovation ecosystem who were awarded Advanced Industries Accelerator Grants by Colorado’s Office of Economic Development and International Trade (OEDIT) this week. A total of 22 start-ups and five researchers from Colorado’s designated Advanced Industries will receive $6.3 million in funding. 

The Advanced Industries Accelerator Grant Program is a critical source of non-dilutive funding for Colorado life sciences companies and organizations. It demonstrates a significant return on investment, delivering value back to the state through company creation and high-paying jobs.

CBSA members receiving grants from the current cycle are:

GelSana Therapeutics, Inc., Aurora, $250,000
Snoasis Medical, LLC, Golden, $250,000
MBC Pharma, Aurora, $250,000
Colorado School of Mines, Researcher Susanta Sarkar, Golden, $150,000
Colorado State University, Researcher Sybil Sharvelle, Fort Collins, $150,000
Colorado State University, Researcher David Prawel, Fort Collins, $150,000
University of Colorado Boulder, Researcher Corrella Detweiler, Boulder, $150,000

Congratulations to all grant recipients from Colorado’s innovation economy including several from our life sciences ecosystem:

Aurora Oncology, Aurora, $250,000
FieldLine, Boulder, $250,000
Fluorofinder, Broomfield, $250,000
Point Designs, LLC, Lafayette, $250,000
SurgiReal Products, Inc., Loveland, $200,000

Read about the success achieved by past winners of these state-funded grants in the 2021-2022 Bioscience Colorado magazine.

Since inception, the program’s success metrics for life sciences alone include:

Our Policy + Advocacy team works closely with OEDIT to highlight the importance of the Advanced Industries Accelerator Grant Program to our life sciences community. CBSA advocates for full program funding and we applaud the state legislature for providing a one-time, $10 million infusion for the program earlier this year after budget cuts in 2020. 

CBSA is proud to support this vital program.

Categories: CBSA News