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 17 companies and 8 researchers from Colorado’s designated Advanced Industries will receive $5,233,36 in funding.

CBSA Congratulates Members Honored with Grants During the Current Cycle:

$250,000

$246,868

$250,000

$250,000

Congratulations to Grant recipients at our partner academic and research institutions:

Proven Impact: State-Funded Grants

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:

$172.8M Awarded | $3.5B in Follow-On Capital 
$20.25 in ROI for Every $1 invested
943 Awards
5,888 Jobs Created
6,010 Jobs Retained
179 New Companies Created

CBSA Fights to Protect State Grant Program
Colorado BioScience Association led with data and determination in 2025, when state budget pressures threatened the Advanced Industries Accelerator Grant Program. Despite vigorous advocacy, the Legislature approved two years of cash-fund transfers that will reduce available grant dollars for 2026 and 2027. Throughout the process, CBSA emphasized the program’s proven value and impact, reinforcing its importance to Colorado’s innovation economy.

Managed by the Colorado Office of Economic Development and International Trade (OEDIT), the program provides critical non-dilutive funding that helps early-stage life sciences companies grow, attract investment, and create high-quality jobs. Its track record demonstrates meaningful returns for the state, fueling company formation and advancing discoveries that improve lives. CBSA remains proud to support this vital funding source for innovation-focused startups. Learn more about the impact of this critical state program in our 2025-2026 BioScience Colorado Magazine.