b'INVESTING INLEADING-EDGE STARTUPSState-FundedC olorado Gov. Jared Polis signed leg- accelerating life sciences growth in Colorado Grants Advanceislation in May 2023 reauthorizingwith the Bioscience Discovery Evaluation Grant the states Advanced IndustriesProgram in 2006. Health InnovationAccelerator Grant Programs, extending themThe day after Polis signed the bill into law, the for a second decade. The programs offerColorado Office of Economic Development and WRITTEN BY TODD NEFF grants topping out at $500,000, to be matchedInternational Trade (OEDIT), which manages two-to-one with funds the recipients raisethe grant program, announced $9.2 million based on the states investment.in funding for 37 Colorado companies with an The funds go to a diversity of promisingadditional $781,000 awarded to six academic technology companies, and they are a criticalresearch teams.source of non-dilutive capital for life sciences.We discussed the programs importance and While the grant programs in their currentimpact with OEDIT and recent grant recipients. form launched in 2013, state funding began State funding supported the Colorado Life Sciences Incubation Program36 BIOSCIENCE COLORADO 2023-2024'