Application Round Open for Colorado’s Advanced Industries Early-Stage Grant

Colorado’s Advanced Industries Early-Stage Capital and Retention Grant Program accepting applications through Feb 28th, 2025

The Advanced Industries Early-Stage Capital and Retention Grant helps Colorado-based advanced industries technology businesses develop and commercialize advanced technologies that will be created or manufactured in Colorado. Projects can receive up to $250,000. This grant award maximum can be lifted for projects that impact more than one advanced industry.

SNAPSHOT

• Grant for startups that have product that is manufactured in Colorado and exported globally.

• Projects can receive up to $250,000 grant.

• Eligible industries include aerospace, advanced manufacturing, bioscience, electronics, energy, infrastructure engineering, and technology and information.

• The application is open and due February 28, 2025.

EVALUATION CRITERIA

• To apply for the Advanced Industries Early-Stage Capital and Retention Grant, your business and project need to:

  • Create a disruptive technology that directly impacts at least one Colorado advanced industry that is either created or manufactured in Colorado

  • Be registered with the Colorado Secretary of State and in Good Standing

  • Have headquarters in Colorado or have at least 50% of your employees based in Colorado

  • Provide matching $2-to-$1 non-State funding to State funding

  • Have received fewer than $20 million from grants and third-party investors since inception

  • Annual revenues of fewer than $10 million

  • Show that the technology is viable through the proof-of-concept phase through proof of principle study (own valid IP and trade secrets, have a completed prototype, have technical validation, have a commercialization plan that includes a market assessment confirming market need/opportunity, have initial start-up activities)

POTENTIAL VALUE

• A project or technology with a particular application may receive grant awards up to $250,000 unless the award cap is lifted.

• The award cap may be lifted for projects that impact more than one advanced industry.

• The advanced industries 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.

CONNECT WITH THE HICKEY’S INCENTIVES TEAM

The Hickey & Associates incentives team has advised companies navigating clients through grant programs in the State of Colorado. Contact us for more specifics, including eligibility criteria, application details, and funding requirements. If you’d like our support throughout the application process, we are here to help!