Colorado 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 16 researchers and companies from Colorado’s life sciences community will receive $3.56M in funding.

CBSA Congratulates Members Honored with Grants During the Current Cycle:

Beryl Therapeutics (Longmont) $250,000

Burst Diagnostics (Fort Collins) $250,000

Colorado Biofactory (Monument) $200,000

Flourish Medical (Boulder) $250,000

SiVEC Biotechnologies (Fort Collins) $250,000

Colorado School of Mines (Golden), Researcher Andrew Petruska $150,000

Colorado State University (Fort Collins), Researcher John Mizia $60,000

University of Colorado Boulder (Boulder), Researcher Linda Watkins $150,000

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

aiGENE (Aurora) $250,000

Guardian Biosciences (Denver) $250,000

Impressio (Denver) $250,000

Modendo (Boulder) $250,000

New West Genetics (Fort Collins) $250,000

PACT Outdoors (Crested Butte) $250,000       

The Mindful Mamas Club (Englewood) $250,000

TissueForm (Boulder) $250,000

Read about the success achieved by past winners of these state-funded grants in the 2022-2023 Bioscience Colorado magazine.

CBSA Celebrates Program Renewal

This week, we celebrate a major Policy + Advocacy success, renewing the state funding that supports  these critical grants. Governor Jared Polis signed Colorado SB23-066, reauthorizing the Advanced Industries Accelerator Grant Programs.
 
Ethan Mann, CEO of Validus Cellular Therapeutics, Inc. and CBSA Board Vice Chair attended the signing, representing Colorado’s life sciences ecosystem.
 
CBSA proudly led the advocacy efforts to reauthorize the Advanced Industries Accelerator Grant Programs this session through SB23-066, working with our advanced industries partners and Colorado Office of Economic Development and International Trade (OEDIT).
 
CBSA thanks bill sponsors: Sen. Cleave Simpson, Sen. Chris Hansen, Rep. Shannon Bird, and Rep. Mike Lynch. A special thank you to our partners at Colorado Cleantech Industries Association and Executive Director Mary Austin.

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 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.