CBSA Congratulates Advanced Industries Accelerator Grant Recipients

Colorado BioScience Association congratulates CBSA members awarded proof-of-concept and early-stage capital grants by Colorado’s Office of Economic Development and International Trade (OEDIT). A total of 36 start ups from Colorado’s designated Advanced Industries will receive $8.6 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.

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

CBSA members receiving grants from the current cycle are:

CardioScout Innovations, Boulder, $250,000
Mosaic Biosciences, Boulder, $242,257
University of Colorado Denver, Researcher Sheana Bull, Denver, $90,139
Colorado Schools of Mines, Researcher Jeff Squier, Golden, $150,000
University of Colorado Denver, Researcher Srinivas Ramachandran, Denver, $300,000
University of Colorado Boulder, Researcher Nicholas Jacobson, Denver, $129,975
Innosphere Ventures, Fort Collins, received $500,000 from OEDIT’s Advanced Industry Collaborative Infrastructure Projects funds through the Advanced Industry Accelerator Grant Program. Innosphere Ventures, a Colorado-based incubator that accelerates business success of science and technology-based, plans to use the funds to construct a bioscience and advanced materials building to address the lack of wet lab space in Northern Colorado.

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

Boulder Sterilization, Boulder, $250,000
Ceria Therapeutics, Aurora, $250,000
EZaLife, Boulder, $250,000
HiveTech Solutions, Westminster, $500,000
Link to Learn, Denver, $247,195
New West Genetics, Fort Collins, $250,000
Op-T, Denver, $250,000
Orbit Genomics, Boulder, $250,000
Phase IV Engineering, Boulder, $381,000
Rock Immune, Denver, $250,000
Serenity App, Denver, $100,000
Vona Oncology, Westminster, $250,000

Read about the success achieved by past winners of these state-funded grants in the 2020-2021 Bioscience Colorado magazine.

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

CBSA applauds the success of the Advanced Industries Accelerator Grant recipients and is proud to support this vital program.

Categories: CBSA News