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 22 researchers and companies from Colorado’s designated Advanced Industries will receive $5,438,734 in funding.

CBSA Congratulates Members Honored with Grants During the Current Cycle:

$250,000

$250,000

$250,000

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

Seyed Reza Mahmoodi

Nam Bui

Melanie Joy

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

Aridica Corporation

Embolization, Inc.

Menstrual Mates, Inc.

Secure Closure, Inc.

SentrySciences, Inc.

Sieyax

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:

• $150M Awarded
• $2.9B in Follow-On Capital 
• 830 Awards
• 5,036 New Jobs Created
• 5,223 Jobs Retained
• 124 New Companies Created
• 788 Patents Filed

CBSA is proud to support this vital source of funding for innovation-focused startups.