DENVER —Tues., Sept. 16, 2014 — Gov. John Hickenlooper and the Colorado Office of Economic Development and International Trade (OEDIT) announced today the most recent grantees of the Advanced Industry Accelerator Grant Program.
A total of $1,944,085 is being awarded for both Proof-of-Concept and Early Stage Capital and Retention Grants that will support several key industries in Colorado’s economy.
“Colorado continues to set the standard on innovative programs that accelerate key and growing industries in our economy,” said Hickenlooper. “It’s exciting to see this program working to bring pioneering ideas from concept to development to the global marketplace. It’s companies like these and our advanced industries that will help Colorado continue to grow jobs and build our economy for the future.”
Proof-of-Concept grants are open to Colorado research universities, federal labs located in Colorado and other private, nonprofit and for-profit labs with valid technology transfer offices. Proof-of-Concept Grants are for pre-commercialization research and commercialization preparation.
· University of Colorado - Boulder: Development of a novel class of advanced polymers for commercialization in the orthopedics/prosthetics industry. Grant award: $148,410
· University of Colorado - Boulder: Flight Validation; Working with Ball Aerospace on an Airborne Dual Frequency LIDAR to detect petrochemical leaks. Grant award: $150,000
Early Stage Capital and Retention Grant funding is used to fund companies using technologies developed in proof of concept grants and other early stage startups that have created viable products that meet a market need and that can be created or manufactured in Colorado and exported globally. These grants should enhance the commercialization of advanced industry products or services in Colorado.
Early Stage Capital and Retention Grantees:
· Ascentia Imaging, Inc., Boulder - $150,000
· Beneath the Ink, Inc., Boulder - $245,675
· Clear Comfort, Boulder - $250,000
· CO2Nexus, Inc., Littleton - $250,000
· ION Engineering, Boulder - $250,000
· Lifeloc Technologies, Inc., Wheat Ridge - $250,000
· Synkera Technologies, Inc., Longmont - $250,000
Ascentia Imaging, Inc. - Ascentia Imaging, Inc. has invented a new optical/digital technology to perform specialized measurement tasks. The first embodiment of this is a low-cost, high-precision angle measuring device that delivers extreme accuracy in a compact and rugged package. Trimble Navigation, LLC has joined with Ascentia in its development and testing and are ready to progress to a production prototype of the instrument.
Beneath the Ink, Inc. - Beneath the Ink is revolutionizing eBooks by allowing authors and readers to connect. Their company is an enhancement authoring platform which provides a superior user experience through the simple, fast and affordable addition of rich (enhanced) content to any digital text. These extras (images, text, audio, video, panoramic views, podcasts, maps, etymology, etc.) can be uploaded by the content owner or they may access copyright-safe resources that are made available through the system.
Clear Comfort - Clear Comfort system delivers its proprietary and patented Advanced Oxidation Processes (AOPs) to eliminate or reuse chlorine in pools and spas. Customers experience clean water that doesn't dry their skin, irritate their eyes or interfere with their breathing. Pool operators get advanced oxidation that reduces their operating costs and risk through the inactivation of chlorine resistant harmful organisms and reduction of Harmful Disinfection By-Products.
CO2Nexus, Inc. - CO2Nexus, Inc. sells liquid CO2-based (water-free) textile processing solutions. The solution platform includes proprietary machinery, chemistry and process inputs that are all CO2- based. The platform cleans, coats, disinfects, and decontaminates textiles at lower cost and higher performance vs. H2O, utilizing zero water and reduced energy, while minimizing secondary waste.
ION Engineering - ION is developing best-in-class advanced solvent systems for decarbonizing fossil fuel emissions. ION’s technology has recently been tested at the UND EERC using coal-fired flue gas. Using economic modeling required by DOE Fossil Energy Carbon Capture Program, ION’s technology was determined to perform better that all other new technologies tested. Although scale-up demonstrations still need to be accomplished, ION’s technology currently meets DOE performance and cost objectives for 2024.
Lifeloc Technologies, Inc. - Lifeloc is a Colorado manufacturer of professional breathalyzers whose mission is to make the world safer from alcohol and drug abuse. Their products deter, detect and monitor substance abuse on roads and in hospitals, workplaces, homes and schools. They provide comprehensive education, policy development, support and service that generate fast ROI to business through reduced absenteeism, workers compensation and employee turnover.
Synkera Technologies, Inc. - Synkera has developed a tiny surface mount gas sensor suitable for integration with mobile devices, wearable accessories, and other wireless and portable application. The first product in this line is a sensor that can detect carbon monoxide, breath alcohol and indoor air quality, depending on the mode of operation. The second product in the line can detect the state of health and fat burning of an individual, using breath analysis. A third product supports commercial air quality and is being designed for commercial air conditioning systems.
The Advanced Industry Accelerator Programs were created in 2013 to promote growth and sustainability in these 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 Company, and Commercialization Infrastructure. Since the program’s inception in 2013, the state has awarded $8.3 million in Early Stage Capital and Proof of Concept grants.
Click here to learn more about the Advanced Industries Accelerator programs.