The purpose of the Advanced Industry Early Stage Capital and Retention Grant Program is to fund companies using technologies developed in proof of concept grants and other early stage start-ups that have created viable products, meet a market need, and can be created or manufactured in Colorado and exported globally. The Advanced Industries include aerospace, advanced manufacturing, bioscience, electronics, energy, infrastructure engineering, and technology and information. The Colorado Office of Economic Development and International Trade will administer the program with support of Colorado Advanced Industry trade associations and the state’s Economic Development Commission.
These grants should enhance the commercialization of advanced industry products or services in Colorado. Grant funding will not compete with existing marketplace funding opportunities, but rather is meant to supplement and fill an existing void or capital market’s tendency to under-invest in early stage technologies.
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