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.
Donor Name: Colorado Office of Economic Development and International Trade (OEDIT)
State: Colorado
County: All Counties
Type of Grant: Grant
Deadline (mm/dd/yyyy): 03/03/2022
Size of the Grant: $150,000
Details:
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
Funding Information
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.
Eligibility Criteria
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
They 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
For more information, visit Advanced Industries Proof of Concept Grant.