Advanced Industries Proof of Concept Grant

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. The grant funds pre-commercial research and commercialization preparation. Projects can receive up to $150,000.

Projects must accelerate product or service commercialization through precommercial research and commercialization preparation. Funding cannot to 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 Global Business Development (GBD) division administers this grant in partnership with Colorado’s advanced industry trade associations and receives final approval from the Economic Development Commission.

See all Advanced Industries Accelerator Programs

Overview

Type: Grant

For: Research institutions

Amount: Up to $150,000 per project

Industry-specific: Advanced industries

Application periods: January to March and July to September

OEDIT division: Global Business Development

To apply for the Advanced Industries Proof of Concept Grant, your project needs to:

We will prioritize projects that:

  • have a significant influence on multiple advanced industries
  • involve more than one research institution
  • include sponsorship by a Colorado-based advanced industry business
  • originate from a nonprofit research institution

Advanced industries technology

An advanced industries technology is defined by law as a technology or product that is innovative and disruptive to one of these seven advanced industries:

  • advanced manufacturing
  • aerospace
  • bioscience
  • electronics
  • energy and natural resources (including cleantech)
  • infrastructure engineering
  • technology and information

Colorado research institutions and federal labs

These institutions may apply for this grant:

Matching funding

You need to have dedicated money from the associated research institution that is at least one-third of the requested grant amount at the time of grant execution. Dedicated money can be either cash:

  • in an account held by the grantee
  • formally committed by a third party investor or granting organization

Funds need to be traceable and committed to the execution of the project work. In-kind contributions do not satisfy matching requirements. Matching funds cannot be OEDIT funding or other state funding, neither directly received, nor received through a third party.

 Applications will open on July 1, 2021. Please sign up for the advanced industries email updates to stay updated on when this application will open. 

Applications are open twice a year from January to March and July to September. The next application period will be July 1, 2021 to September 1, 2021. You will need to contact your university technology transfer office to start your application.

Your application needs to include a:

  • detailed project description
  • milestones for the project
  • budget outlining all anticipated expenses
  • strategy for raising matching funds or proof that you already have matching funds

Application materials

Milestone

To help us understand your plan, write milestones with goals. Use our Proof of Concept Milestone Template (XLS) and upload with the application.

Budget 

Include a detailed budget outlining all expenses for the project. Use our Proof of Concept Budget Template (XLS) and upload with the application. When listing expected personnel and equipment expenses, be as detailed as possible. Category labels such as ‘manufacturing equipment’ and ‘management personnel’ are too generic. Do not include equipment or salaries of personnel that the project team needs for operations outside of this project.

It typically takes us 10 to 12 weeks to review applications. Global Business Development staff and industry stakeholders will review your application to:

  • ensure eligibility
  • consider your project’s fit in Colorado’s strategy for advanced industries
  • discuss concerns
  • make funding recommendations

People reviewing your application have a Master’s-level education or equivalent experience and are familiar with Colorado’s advanced industries.

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