CBSA Congratulates Advanced Industries Accelerator Grant Recipients

Colorado’s Office of Economic Development and International Trade (OEDIT) announced the newest recipients of state-funded Advanced Industries Accelerator Grants this week. Colorado BioScience Association congratulates our CBSA members and the honorees from across our state’s innovation ecosystem. A total of 32 start-ups and six researchers from Colorado’s designated Advanced Industries will receive $8.5 million in funding.

CBSA members receiving grants from the current cycle are:

Aspero Medical, Denver, $250,000
Lazzaro Medical, Boulder, $250,000
LumenAstra, Longmont, $250,000
Validus Cellular Therapeutics, Aurora, $250,000
Vitro3D, Boulder, $250,000
Colorado School of Mines, Researcher Fred Sarazin, Golden, $150,000
Colorado State University, Researcher Gary Luckasen, Fort Collins, $148,450
Colorado State University, Researcher Sean Pauzauskie, Fort Collins, $150,000
University of Colorado Boulder, Researcher Jerome Fox, Boulder, $56,250

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

Solaris Vaccines, Fort Collins, $250,000

TrAMPoline Pharma, Aurora, $250,000

Vesicle Therapeutics, Boulder, $250,000

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

The Advanced Industries Accelerator Grant Program is a critical source of non-dilutive funding for Colorado early-stage 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. The program’s success metrics for life sciences alone include:

Asterisk indicates data collected during program cycle 2016-2022.

Our Policy + Advocacy team works closely with OEDIT to highlight the importance of the Advanced Industries Accelerator programs to our life sciences community. CBSA successfully led the expansion and reauthorization of the Advanced Industries Tax Credit this legislative session in partnership with OEDIT and Colorado Cleantech Industries Association (CCIA).

In 2020 and 2021, our team worked to preserve and restore funding for the Advanced Industries Accelerator Grant Program after budget cuts during the 2020 legislative session. The state legislature for provided a one-time, $10 million infusion for the program in 2021.

CBSA is proud to support this vital source of funding for innovation-focused startups.

Categories: CBSA News