CBSA Congratulates Advanced Industries Accelerator Grant Recipients
By: Colorado BioScience Association Date: 11/20/2023
Colorado Office of Economic Development and International Trade (OEDIT) has announced the newest recipients of state-funded Advanced Industries Accelerator Grants! Colorado BioScience Association congratulates our CBSA members and the honorees from across our state’s innovation ecosystem.
A total of 32 researchers and companies from Colorado’s designated Advanced Industries will receive $7,772,600 in funding.
CBSA Congratulates Members Honored with Grants During the Current Cycle:

EnteroTrack LLC (Aurora) $250,000

GelSana Therapeutics, Inc. (Aurora) $250,000

RheumaGen, Inc. (Denver) $250,000

Cobio Diagnostics Inc. (Aurora) $249,250

PhotonPharma, Inc. (Fort Collins) $248,350

Boulder Sterilization (Boulder) $250,000
Congratulations to Proof-of-Concept Grant recipients at our partner academic and research institutions:
National Renewable Energy Laboratory
Congratulations to all grant recipients from Colorado’s life sciences ecosystem:
Vortex Biotechnology Corporation
About the Advanced Industries Accelerator Grant Program
Colorado’s advanced industries play a vital role in the state’s economic growth and stability. They are research and development (R&D) and engineering-intensive companies, contributing to the state’s thriving entrepreneurial ecosystem. They account for close to 30% of wage earnings, almost 30% of total sales revenue, and around 35% of the state’s total exports.
The Advanced Industries Accelerator Grant Program, managed by Colorado Office of Economic Development and International Trade (OEDIT), 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 success metrics since program inception across all advanced industries include:
- 714 Awards
- $128 Million Awarded
- 4,423 New Jobs Created
- 4,527 Jobs Retained
- 124 New Companies Created
- 624 Patents Filed
- $2.5 Billion Follow-On Capital
CBSA is proud to support this vital source of funding for innovation-focused startups.