The Colorado Office of Economic Development and International Trade awarded the Rocky Mountain Innovation Partners $250,000 from the Advanced Industry Accelerator Infrastructure Funding Grant Program. The RMIP, formerly known as the Colorado Springs Technology Incubator, plans to use the money to build a technology transfer and commercialization network here.
“To my knowledge, we are the first recipient of an Advanced Industries Award in Colorado Springs,” said RMIP Executive Director Ric Denton. “We are excited about this seed funding. The award is also validation of what we are doing for the community. We had widespread community support for our proposal.”
A total of $918,000 will be awarded for the Commercial Infrastructure Funding Grants to support Colorado’s advanced industries.
The grants provide state funding to collaborative projects that aim to have a broad, industry-wide impact across one or more of Colorado’s advanced industries. The awardees include:
* Colorado Bioscience Institute, $50,000 for its programs in Research Experience for Teachers and Executive Leadership Program;
* Colorado Mesa University, $250,000, to support development by providing technology and equipment for the new Maverick Innovation Center;
* Rocky Mountain Innovation Partners, $250,000;
* Emily Griffith Technical College, $68,000 to improve and grow its manufacturing production technician certificate program by expanding practical skills training and industry involvement;
* Special Aerospace Services, $250,000 for a program in a partnership with the University of Colorado and Metro State University to develop an advanced propulsion research and apprenticeship program; and
* Tinkermill, $50,000 to expand the advanced prototype manufacturing facility, develop the gigabit information technology center infrastructure and provide initial staffing and program needs for the two facilities.
Applications were reviewed by committees that consisted of external industry stakeholders. Final recommendations were reviewed and approved by the strategic oversight board with guidance from the state Economic Development Commission.
The next application cycle for Infrastructure Funding Grants will open this summer. Applications will be due Sept. 25.
The Advanced Industry Accelerator Programs were created in 2013 to promote growth and sustainability in Colorado’s advanced 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 capital and retention; and commercialization infrastructure.