CSTI to host session about state grants

87687000The Colorado Springs Technology Incubator will host an information session Monday for the Colorado Advanced Industries Accelerator Grants.

The session will be held from 2 to 3 p.m. at the Tim Gill Center for Public Media, 315 E. Costilla in Colorado Springs.

Colorado’s advanced industries also include advanced manufacturing, bioscience, electronics, energy and natural resources, technology and information. The economic impact of these industries account for almost 30 percent of the state’s wages, almost 30 percent of the sales tax revenues and almost 35 percent of the state’s exports, according to the state.

The grants passed the General Assembly last session, and the state will soon start accepting applications for the money.

Proof-of concept grants are limited to $150,000, and are due Oct. 1. Early-stage capital and retention grants are limited to $250,000 and are also due Oct. 1.

Also offered are infrastructure funding grants, limited to $500,000, and Advanced Industries report grants, limited to $15,000.

The program was created this year to help drive innovation, accelerate commercialization, encourage public-private partnerships, increase access to early stage capital, and create a strong ecosystem that increases Colorado’s global competitiveness.

For information, click here.