Grant applications are due Jan. 2.
Earlier this month, $2.9 million in first-round funding was awarded under the new program. Four out of the eight grant winners are from Northern Colorado.
The companies include Loveland-based Lightning Hybrids, which was awarded $500,000 for its work developing a hydraulic launch assist that converts traditional fuel vehicles to hybrids.
Fort Collins-based VetDC Inc. was awarded $250,000 to continue developing a drug for canine lymphoma. The drug, VDC-1101, is scheduled for regulatory review by the U.S. Food and Drug Administration in early 2014, according to the OEDIT.
Prieto Battery Inc., a Fort Collins-based spin-off from Colorado State University, was awarded $150,000 for work on a prototypical electrode to be used to improve the effectiveness of lithium batteries.
And Membrane Protective Technologies Inc., also of Fort Collins, was awarded $125,000 for its work on a protective technology inserted in semen to improve the rates of artificial insemination.
The early stage capital and retention grants are designed to help start-ups with viable products that can be created and or manufactured in Colorado. For more information on the accelerator grants program, visit www.advancecolorado.com.