Advanced Industries

An Ace in the Hole for Cutting-Edge Businesses

The following programs are designed to support job creation and innovation in your field as a business operating in one of Colorado’s seven advanced industries: advanced manufacturing, aerospace, bioscience, electronics, energy and natural resources, infrastructure engineering, and technology and information.

In addition to credit, funding and job training programs, a set of five advanced industry grants make up the Advanced Industries Accelerator programs which are designed to promote growth and sustainability in these industries by helping accelerate commercialization, encourage public-private partnerships, increase access to early stage capital and create a strong ecosystem that increases the state’s global competitiveness. Learn more about these available opportunities by exploring the programs below.

If you are an angel investor or venture capitalist, learn how you can submit your investment to a qualifying advanced industry company here.

Advanced Industries Accelerator Programs

Proof of Concept Grant: This grant uses funding to identify and pull technologies from research institutions where they were discovered and connect them to the private sector where they can be developed into products for commercialization. Learn more.

Early-Stage Capital and Retention Grant: This grant uses funding to support companies using technologies developed in proof of concept grants and other early stage start-ups that have created viable products that meet a market need and that can be created or manufactured in Colorado and exported globally. Learn more.

Infrastructure Funding: This grant uses funding to accelerate commercialization and innovation of advanced industry products and services by building capacity and workforce for the advanced industries ecosystem. The application for this grant is open twice a year in the spring and fall. Learn more.

Export Accelerator Program: This is a financial assistance program for aspiring and current Colorado exporters. The grant program supports eligible small and medium-sized business through funds to offset international business development and marketing costs. Learn more.

Colorado-Israel R&D Grant: This application is open to Colorado companies that have partnered with an Israeli company and are seeking grant funds to support their joint R&D project/technology. Learn more.

 

Accelerator Program Application Timeline
Timeline Submission Deadline Activity
Week 3All applications distributed to industry specific sub-committees
Weeks 6-7Sub-committees meet and select applications to refer to full committee
Weeks 8-9Full committee review meeting
Weeks 9-10Strategic Oversight Board considers applications and makes recommendations
Weeks 10-12Awards announced
Additional Advanced Industries Funding Programs

Advanced Industry Tax Credit: A program which provides assistance to Colorado companies operating in seven advanced industries the opportunity to receive capital from investors. Learn more.

Aviation Development Zone Tax Credit: A program providing a state income tax credit of $1,200 per new full-time employee for businesses involved in the maintenance and repair, completion or modification of aircraft located within approved Aviation Development Zone airports. Learn more.

Colorado FIRST: A customized job training program focusing on companies relocating to or expanding in Colorado and provide funds only to net new hires. Learn more.

EZ – Research and Development Tax Credit: A tax credit for businesses up to three percent, based on the increase of a company’s research and development expenditures within an enterprise zone during the previous two income tax years. Learn more.

Global Consultant Network: A network of international consultants that connect qualifying Colorado companies to global opportunities and market education. Learn More.

Job Growth Investment Tax Credit: A program for businesses pursuing job creation projects that would not occur in Colorado without this support. Learn more.

Job Growth Incentive Tax Credit-Higher Education Partnership: A program for businesses partnering with State Higher Institutions (HEI) to support job growth, academic development and economic expansion. Learn more.

Procurement Technical Assistance Center (PTAC): A program which provides Federal, State and local government contract procurement assistance in the form of education and counseling for Colorado companies. Learn more.

Rural Jump Start: A program for eligible new businesses and new hires that relocate to Jump-Start Zones. Learn more.

Strategic Fund Incentive: A program designed to encourage recruitment, retention and economic growth through Colorado by supporting businesses that have created and maintained permanent net new jobs for one year. Learn more.

Venture Capital Authority Funds: A program which makes seed and early-stage capital investments in eligible businesses via two Colorado Funds which are established with an independently operated fund manager. Learn more.

Katie Woslager_Aug 2016 Katie Woslager Senior Grants Manager - Advanced Industries 303-892-8760 katie.woslager@state.co.us