How do the revised rules in the Bipartisan Budget Act of 2015 affect you and your business?
The state’s Advanced Industry Accelerator Program was created last year to promote growth and sustainability in the areas of advanced manufacturing, aerospace, bioscience, electronics, energy and natural resources, infrastructure engineering, and technology and information. The state has awarded 67 such grants so far for a total of $8.2 million, with the most recent round totaling nearly $1.6 million.
Six proof of concept grants – open to Colorado research universities, federal labs and other private, nonprofit and for-profit labs with technology transfer offices – were awarded this week for pre-commercialization research and commercialization preparation.
Sponsor Generated Content
Five of those grants went to the University of Colorado, the largest of which was a $134,847 award to develop an advanced small unmanned aircraft system.
Three companies in Boulder County received $250,000 capital and retention grants, which are used to help early stage startups that have viable products commercialize their offerings and meet market demands.
One of those was MBio Diagnostics Inc., a Boulder-based company that develops inexpensive tests for disease diagnosis, as well as food, veterinary and environmental testing.
Prima-Temp Inc. of Boulder received $250,000. Prima-Temp is a medical-device company developing temperature monitoring for early recognition of acute illness and natural pregnancy.
Lafayette-based Reference Technologies Inc. received $250,000 to further advance its work on addressing the limited flight duration of battery-powered micro unmanned aerial systems while increasing payload capacity. Reference’s Hummingbird Series drones can fly from two to seven hours with payloads of 10 to 50 pounds.
Fort Collins-based DH2i in Larimer County received $125,000 from the state. DH2i is a provider of server application virtualization software. The company said in a press release that the funds would be invested into the expansion of its Colorado-based engineering team.
In all, CU is receiving more than $380,000 in grants.
The other four CU projects that received awards include:
An ultrasonic system for activity and fall monitoring;
A scalable nano-imprinting of commercial ultra-filtration membranes;
A new lung function imaging modality for radiation therapy; and
A laser-activated device for canine glaucoma.
The upcoming fiscal year will include three Advanced Industries Accelerator Grant Program cycles. Application deadlines are Nov. 1; March 1, 2015; and July 1, 2015.