Advanced Industries Proof of Concept Grant

Advanced Industries Proof of Concept Grant Program Summary The Advanced Industries Proof of Concept Grant provides funding to help Colorado research institutions speed up applied research in advanced industries and commercialize products and services with the private sector. Projects can receive up to $150,000 in grant money. This grant award maximum  can be lifted for joint proposals or projects that impact more than one advanced industry. Projects must accelerate product or service commercialization through precommercial research and commercialization preparation. Funding cannot be used for basic research. Funding can be used to support these milestones: proof of principle intellectual property (IP) protection prototypes and technical validation market assessment start-up and corporate formation costs The application is closed and will open July 1, 2026 See all Advanced Industries Accelerator Programs Overview Type:  Grant For:  Research institutions Amount:  Up to $150,000 per project Match:  1-to-3 (institution-to-state), cash Industry-specific:  Advanced industries Application periods:  January to February and July to August OEDIT division:  Global Business Development Image description: Business testimonial highlighting how the Advanced Industries Proof of Concept Grant supported the business Aspero Medical. Mark Rentschler, Chief Executive Officer stands in a lab holding medical devices and next to the photo is a quote from Mark that says "The Advanced Industry Proof of Concept grants have been invaluable in helping Aspero Medical move technologies from bench to bedside as we grow our Colorado company. These funds have allowed Aspero to de-risk technology and secure outside capital. Without these funds, raising capital, recruiting talent, and building a successful medical device company would likely have not been possible." Expand All Grant award maximum A project or technology with a particular application may receive grant awards up to $150,000 unless the award cap is lifted. The award cap may be lifted for joint proposals and projects that impact more than one advanced industry. Joint proposals A joint proposal can be defined as either: two or more research institutions submit a joint proposal where the research institutions will share joint ownership of IP or patents when commercialization activities will take place at more than one research institution and at least two of the joint applicants should receive a minimum of 25% of any program award Projects that impact more than one advanced industry The advanced industry selected must correspond to the core technology of the project. Applicants should select no more than a primary industry and secondary industry. To receive the full requested amount, all industries selected must support the application. If advanced information technology (enabling industries) are among the identified industries, the application must directly address how the enabling technology will impact the scalability, process improvement, or market adoption of the commercial product for the non-enabling technology. To receive the full requested amount, all industries selected must support the application. Eligibility To apply for the Advanced Industries Proof of Concept Grant, your project needs to: create a disruptive technology that directly impacts at least one Colorado advanced industry originate from an approved Colorado research institution or federal lab accelerate product or service commercialization through pre-commercial research and commercialization preparation provide matching $1-to-$3 non-State funding to State funding We will prioritize projects that: involve more than one research institution include sponsorship by a Colorado-based advanced industry business originate from a nonprofit research institution

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