DENVER —Thursday, June 21, 2018 — The Colorado Office of Economic Development and International Trade (OEDIT) today announced infrastructure grantees for the Advanced Industry Accelerator Grant Program. A total of $2,000,000 of Collaborative Infrastructure Grants was approved for award by Colorado’s Economic Development Commission.
Advanced Industry Infrastructure Funding Grants provide State funding to collaborative projects that will have a broad, industry-wide impact across one or more of Colorado’s Advanced Industries. Eligible projects must demonstrate solutions that provide workforce training, deliver shared working space or equipment, or advance industry mentorship for Colorado companies.
Advanced Industry Collaborative Infrastructure Funding Grant applications are reviewed by committees comprised of business, technical and financial experts, as well as an industry-specific review. Final recommendations are reviewed and determined with approval from the Colorado Economic Development Commission.
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.