Advanced Industry Accelerator Grant Program

The Colorado Office of Economic Development and International Trade (OEDIT) today announced grantees for the Advanced Industry Accelerator Grant Program. A total of $4,634,779 will be awarded for the Proof-of-Concept and Early Stage Capital and Retention Grants to support Colorado’s advanced industries.

“We are thrilled to grant these innovative organizations with funds needed to help scale their technologies,” said OEDIT executive director Fiona Arnold. “The Advanced Industries Program continues to be a great success, and it has attracted other state agencies, such as the Colorado Energy Office, to put funding and resources into the program to reach even more Colorado organizations.”

“We are thrilled to grant these innovative organizations with funds needed to help scale their technologies,” said OEDIT executive director Fiona Arnold.

FractureID of Denver and Prostar Geocorp Inc. of Grand Junction, will receive at total of $500,000, which will be funded through a partnership between OEDIT and the Colorado Energy Office (CEO). CEO funding is aimed at supporting oil and gas energy startups.

The Advanced Industries Program continues to be a great success, and it has attracted other state agencies, such as the Colorado Energy Office, to put funding and resources into the program to reach even more Colorado organizations.