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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

20

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.

Advanced Industries Accelerator Grant Program Headquarter 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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Advanced Industries Accelerator Grant Program Rank

Latest Advanced Industries Accelerator Grant Program News

Boulder Sterilization Services secures $250,000 grant

Jun 11, 2021

| UPDATED: June 10, 2021 at 4:27 p.m. Boulder Sterilization Services has received a $250,000 grant from the Colorado Office of Economic Development and International Trade’s Advanced Industries Accelerator Grant Program. The subsidiary of contract consulting firm Boulder iQ offers quick-turn contract sterilization for medical devices. Boulder BioMed LLC operates as Boulder iQ. Boulder Sterilization Services said it will use the grant money to address a backlog of sterilization needs in the medical-device industry, adding additional staff that will double capacity. The company offers sterilization using ethylene oxide, which it described as “a safe, low-temperature, environmentally friendly process that is used to sterilize 50% of all medical devices in the United States.” “The grant gives us the opportunity to substantially increase the quick-turn sterilization we provide to product development companies in Colorado and throughout the country,” Jim Kasic, Boulder iQ founder and chairman, said in a statement. “We will be able to get needed, innovative medical devices get to market as quickly as possible — and at lower cost.” Boulder Sterilization Services is among 36 Colorado organizations approved for funding from the Advanced Industries Accelerator Grant Program, created to foster innovation and commercialization of new technologies. © 2021 BizWest Media LLC

Advanced Industries Accelerator Grant Program Investments

20 Investments

Advanced Industries Accelerator Grant Program has made 20 investments. Their latest investment was in Neurexis Therapeutics as part of their Grant on June 6, 2020.

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Advanced Industries Accelerator Grant Program Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/3/2020

Grant

Neurexis Therapeutics

$0.25M

Yes

1

11/21/2019

Grant

First Ascent Coffee Roasters

$0.25M

Yes

1

11/21/2019

Grant

Quorum Prosthetics

$0.25M

Yes

1

11/21/2019

Grant - II

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$99M

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10

11/21/2019

Grant

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$99M

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10

Date

6/3/2020

11/21/2019

11/21/2019

11/21/2019

11/21/2019

Round

Grant

Grant

Grant

Grant - II

Grant

Company

Neurexis Therapeutics

First Ascent Coffee Roasters

Quorum Prosthetics

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Amount

$0.25M

$0.25M

$0.25M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

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

1

Date

8/7/2020

Exit

Merger

Companies

Valuation

Acquirer

Sources

1

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