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Incubator/Accelerator
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting
choosecolorado.com/doing-business/incentives-financing/advanced-industries

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Investments

21

Portfolio Exits

1

About Advanced Industries Accelerator Grant Program

The Advanced Industries Accelerator Grant Program, run by the Colorado Office of Economic Development and International Trade, funds innovative Colorado companies across a variety of industries.

Headquarters Location

1600 Broadway Ste. 2500

Denver, Colorado, 80202,

United States

303-892-3840

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Advanced Industries Accelerator Grant Program Web Traffic

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Page Views per Million (PVPM)
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Advanced Industries Accelerator Grant Program Rank

Latest Advanced Industries Accelerator Grant Program News

18:14 ET STRIDE TECH MEDICAL, INC. ANNOUNCES $250,000 AWARD

Nov 17, 2022

(StrideTech)  announces $250,000 matching grant award. The Global Business Development division of the Colorado Office of Economic Development and International Trade (OEDIT)  Advanced Industries Accelerator Grant Program  announced in a press release the recipients of the Early Stage Capital and Retention grants. StrideTech is thrilled to have been selected. "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," said Rama Haris, Advanced Industries Senior Manager at OEDIT. StrideTech will receive up to $250,000 in non-dilutive matching funds. StrideTech's patented product, StrideTech Go, is an attachment for any walker and helps walker users correct their posture to avoid a fall. The National Council on Aging estimates the healthcare cost related to falls by walker users to be $2.25 Billion annually and Remote Therapeutic Monitoring reimbursement codes were issued in 2022 by the Center for Medicare and Medicaid Services. "The validation of our product and business plan through rigorous review by committees of business, technical and financial experts in seven advanced industries, including a live pitch event, is enormously gratifying. We are thrilled to share this news with our investors and invite those who want to join us as we build the company and address the critical need to prevent falls." said George Douaire, President & CEO of Stride Tech Medical, Inc. "We have been eager to share our product with walker users around the country and the world," said Timothy Visos-Ely, Co-founder and Chief Product Officer. "Our mission is to reduce falls, one walker user at a time. Today's news will help us raise the capital necessary to grow the company and prevent falls." About Stride Tech Medical, Inc. Stride Tech Medical, Inc.'s  product, StrideTech Go,  is a patented smart walker attachment which allows any walker, using embedded sensors to detect how the walker user is moving – immediate feedback helps people correct their posture and collects data to share with doctors, PT/OT, families, and caregivers to help inform treatment and care. To invest in StrideTech contact George Douaire at [email protected] . SOURCE Stride Tech Medical

Advanced Industries Accelerator Grant Program Investments

21 Investments

Advanced Industries Accelerator Grant Program has made 21 investments. Their latest investment was in StrideTech Medical as part of their Grant on November 11, 2022.

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Advanced Industries Accelerator Grant Program Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/17/2022

Grant

StrideTech Medical

$0.25M

Yes

2

6/3/2020

Grant

Neurexis Therapeutics

$0.25M

Yes

1

11/21/2019

Grant

Barn Owl

$0.24M

Yes

1

11/21/2019

Grant - II

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10

11/21/2019

Grant

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$99M

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10

Date

11/17/2022

6/3/2020

11/21/2019

11/21/2019

11/21/2019

Round

Grant

Grant

Grant

Grant - II

Grant

Company

StrideTech Medical

Neurexis Therapeutics

Barn Owl

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Amount

$0.25M

$0.25M

$0.24M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

1

1

10

10

Advanced Industries Accelerator Grant Program Portfolio Exits

1 Portfolio Exit

Advanced Industries Accelerator Grant Program has 1 portfolio exit. Their latest portfolio exit was Brava Diagnostics on August 07, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/7/2020

Merger

$99M

1

Date

8/7/2020

Exit

Merger

Companies

Valuation

$99M

Acquirer

Sources

1

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