CBSA Congratulates Advanced Industries Accelerator Grant Recipients

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:

Colorado School of Mines

National Renewable Energy Laboratory

University of Denver

University of Colorado Denver

Congratulations to all grant recipients from Colorado’s life sciences ecosystem:

Commense Bio, Inc.


Origin Healthcare, Inc.

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.

Categories: CBSA News