State of Colorado Advanced Industries Accelerator Program

SPARK Colorado is funded by the State of Colorado Office of Economic Development and International Trade (OEDIT) Advanced Industries Accelerator (AIA) Program, which supports Colorado’s seven advanced industries, including biotechnology. AIA Proof of Concept grants will fund up to a maximum of $150,000 per project and require a 3:1 match. That means, $50,000 matching funds are required for a total SPARK award of $200,000.

Learn more about OEDIT

Match Funds

The State of Colorado provides up to $150,00 per SPARK award. The State requires an additional $50,000 match for all awards. In the 2024 cycle, some of the awardees will need to provide the $50,000 match. The funds used as a match should be unencumbered, and available to be assigned to the grant at the start of the award. In the past, awardees have sourced match funds from departmental funds, gifts, Chancellor Discovery Innovation fund, and company investment. The SPARK team can help you identify the matching fund, if needed.