A Colorado company with the transformative technology to improve agricultural crops and allow farmers to be more productive was among 20 Colorado start-ups approved for funding as part of the Colorado Office of Economic Development and International Trade (OEDIT)’s Advanced Industries Accelerator Grant Program. A total of $4,750,437 was approved this grant cycle for Proof-of-Concept and Early Stage Capital and Retention Grants to support Colorado’s advanced industries.
“Innovation drives economic growth and these grants expand Colorado’s vital innovation ecosystem,” said global business development director and OEDIT deputy director Michelle Hadwiger. “Funding such a diverse cross-section of innovative Colorado companies continues to advance Colorado’s key industries.”
20 Colorado companies were approved to receive Proof-of-Concept and Early Stage Capital Grants for a total of $4,750,437 million. Proof-of-Concept grants are open to Colorado research universities, federal labs located in Colorado and other labs with valid technology transfer offices for pre-commercialization research and commercialization preparation. Early Stage Capital and Retention grants fund companies commercializing innovative technologies to create viable products that meet a market need and can be created or manufactured in Colorado and exported globally.
The Advanced Industry Accelerator Programs (AIA) were created in 2013 to promote growth and sustainability in Colorado’s advanced industries by driving innovation, accelerating commercialization, encouraging public-private partnerships, increasing access to early stage capital and creating a strong infrastructure that increases the state’s capacity to be globally competitive. AIA encompasses three distinct grant programs: Proof of Concept, Early Stage Capital and Retention, and Commercialization Infrastructure.
CSU Ventures own, Access Sensor Technologies was awarded $250,000.
Access Sensor Technologies is a focused team of chemists, engineers, and business professionals located in Fort Collins, Colorado. Founded on the principle that sampling and analysis should be simple, their goal is to develop inexpensive and accurate environmental and biological tests that can be used by everyone. Their products shed light on pollutant exposure in air, water, soil, and food; making people and communities safer, and businesses more successful.
View the full list of awardees here.