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The Colorado Office of Economic Development and International Trade has awarded $8.5 million to 38 Colorado researchers and startups.

The Proof-of-Concept and Early Stage Capital and Retention Grants were awarded by COEDIT’s Global Business Development Division. The grants are intended to “drive innovation, accelerate commercialization, encourage public-private partnerships, and increase access to early-stage capital across the state from Dolores to Grand Junction to Fort Collins,” according to a press release.

“Innovations in advanced industries have enormous potential to change the world we live in, yet the market typically underinvests in early-stage technologies. At the same time, partnerships between the private and public sector can be integral to furthering new ideas,” Rama Haris, Advanced Industries Senior Manager at OEDIT, said in a statement. “With these grant programs, we aim to fill a funding gap left by the market and foster the types of partnerships that will help Colorado’s Advanced Industries continue to lead their fields.”

Proof-of-Concept grants help Colorado research institutions work with the private sector to commercialize products and services, and to speed up applied research in advanced industries. Early Stage Capital and Retention grants fund early-stage companies developing and commercializing advanced technologies that will be created or manufactured in Colorado.

Listed below are the Boulder County recipients.

Proof-of-Concept grants awarded:

University of Colorado Boulder, researcher Jerome Fox, Boulder, $56,250: Developing approach fur using microbial systems to build precisely targeted, readily synthesizable drug leads.

Early Stage Capital and Retention grants awarded:

Aspero Medical, Boulder, $250,000: Aspero Medical has developed novel and patented products to improve gastrointestinal endoscopy. The C-Tube product, designed to address colorectal cancer, will improve colonoscopy screenings and enable advanced endoscopy procedures.

Blue Cubed, Niwot, $250,000: Blue Cubed has developed a unified communication solution for small satellites that incorporates both traditional RF links and power-efficient, high bandwidth optical links.

Lazzaro Medical, Boulder, $250,000: Lazzaro Medical has developed a patent-pending medical device to revolutionize the treatment of tracheobronchomalacia. This minimally invasive, robotic-assisted technique is safer, faster, and has better outcomes than conventional techniques.

LumenAstra, Longmont, $250,000: LumenAstra has developed a patented wearable, non-invasive, core body thermometer that measures the temperature of internal body tissues. The initial target market for this sensor is aortic dissection repair surgery.

Maplewell Energy, Lafayette, $250,000: Maplewell Energy has developed an energy management technology to enable a decarbonized energy future. It transforms infrastructure with AI and digital twins to maximize operational resiliency, reliability, and efficiency.

Orbit Fab, Lafayette, $250,000: Orbit Fab has developed proprietary technologies to refuel high-value spacecraft in-orbit, enabling operators significantly extended mission life or re-task satellites to serve a new purpose.

PickNik, Boulder, $250,000: PickNik has developed a commercial-grade software solution for using semi-autonomous robotic systems in space. The robot can perform predefined tasks autonomously or can be manually commanded by an operator through an easy-to-use interface at various levels of autonomy.

RDFlows, Boulder, $250,000: RDFlows has developed a marketplace to connect Colorado startups and corporate businesses with underutilized cost effective, high-end, and high-performing research equipment at universities.

Syght, Boulder, $249,808: Syght has developed a revolutionary stand-off millimeter wave camera for detection of concealed weapons under clothing or bags. The camera can identify concealed weapons and contraband from up to 100 feet away, enabling the detection of real-time threats.

Tynt Technologies, Boulder, $250,000: Tynt Technologies has developed smart tinting windows for the residential market. The technology offers full blackout privacy and truly neutral color, and optimizes the home’s overall energy use.

Vesicle Therapeutics, Boulder, $250,000: Vesicle Therapeutics has developed a platform technology that enables delivery of therapeutic nucleic acids and gene editing tools to specific organs and cell types in a safe and efficacious manner.

The next application cycle for Proof-of-Concept and Early Stage Capital and Retention Grants will open on July 1, and applications will be due Sept. 1.

This article was first published by BizWest, an independent news organization, and is published under a license agreement. © 2022 BizWest Media LLC.

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