5 Colorado accelerator programs awarded $1 million in grants

Margaret Jackson

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By Margaret Jackson / NewsBreak Denver

Five Colorado accelerator programs will receive more than $1 million in grants to speed up the commercialization and innovation technology through education, resources and mentorship.

The one-time grant opportunities were open to new and existing accelerator programs serving early-stage companies in the advanced industries.

The Advanced Industries Accelerator (AIA) Program received eight applications for the grants. A multidisciplinary committee of business, technical and financial experts reviewed the applications, and the Economic Development Commission approved the recommendations Feb. 17.

The awardees include:

  • LabStart Innovations, $250,000: LabStart Innovations is a new nonprofit accelerator created alongside the National Renewable Energy Laboratory (NREL). LabStart will support NREL’s Lab Embedded Entrepreneurship Program by providing commercialization support, mentoring and education for program participants.
  • Rockies Venture Club (RVC), $250,000: RVC’s HyperAccelerator is an intensive, weeklong program designed to help entrepreneurs accelerate their funding preparation and process. The program provides fundraising and due diligence preparation education that entrepreneurs need to raise capital.
  • Rocky Mountain Innosphere, $244,000: Rocky Mountain Innosphere, in partnership with the Colorado BioScience Association and Colorado Bioscience Institute, is offering a yearlong biosciences incubation program that will focus on business support and strategic planning, early product development, team development and executive mentorship.
  • Rocky Mountain World Trade Center Institute (RMWTCI), $240,000: RMWTCI’s Global Trade Activator program scales Colorado companies by activating new international markets, boosting sales and competitiveness, and achieving greater prosperity through international trade. The program provides access to mentors, education, technical assistance, resources and potential funding to document customized global business strategies and an executable trade plan.
  • Startup Colorado, $94,464: Startup Colorado’s Founder CO-OPetitions program serves rural entrepreneurs in their businesses’ idea or launch stage. The four-week virtual programs focus on the evolution of the founder through peer-to-peer support and feedback model. Participating entrepreneurs can win cash at the end of the program.

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