The University of Colorado began its first proof-of-concept (POC) funding program in 2004. Since then, CU's POC program has served as a blueprint for new proof-of-concept funding programs at the state level, starting with the Bioscience Discovery and Evaluation Grant (BDEG) program launched in 2006 and culminating in the Advanced Industries Accelerator (AIA) programs created in 2013 for seven of Colorado's identified 'advanced industries':
Programs Available to Commercialize CU Technology
Chancellor's Innovation Awards
The Chancellor's Innovation Awards, like the AIA POC program, are competitive grants awarded to research proposals with high commercialization potential. The funds for the Chancellor’s Innovation Awards derive from a share of Venture Partners' licensing revenue. These awards can be thought of as a supplemental pool of funding to the AIA POC program. The Chancellor’s Innovation Awards selection process runs concurrently with the AIA POC program and is mostly identical, however, no matching funds are required, and the AIA sector restrictions do not apply.