Competing against companies from across the entire state, six CU Boulder startups won a total of $1.5M in grants from the Colorado Office of Economic Development and International Trade (OEDIT)'s Advanced Industries Accelerator (AIA) Program. The companies—Artimus Robotics, Bioloomics, Earable, Emergy, Longpath Technologies, and New Iridium—represent several campus departments including biochemistry, chemistry, computer science, civil engineering, environmental/energy engineering and mechanical engineering.
All six Boulder-based startups engaged in the university's entrepreneurial resources through Venture Partners at CU Boulder and the Innovation and Entrepreneurship Initiative, including the Lab Venture Challenge, Commercialization Academy, and New Venture Challenge.
“Funding such a diverse cross-section of innovative Colorado companies continues to advance Colorado’s key industries and solidify our state’s reputation as an innovation incubator,” senior manager of Advanced Industries Katie Woslager said in a statement. “Innovation drives economic growth and these grants directly support Colorado’s vital innovation ecosystem.”
The Advanced Industries 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 to increase the state’s capacity to be globally competitive.