OEDIT Launches Advanced Industries Colorado-Israel R&D Grant

DENVER - The Colorado Office of Economic Development and International Trade (OEDIT) today launched the Colorado-Israel R&D Grant, a new initiative under the existing Advanced Industries (AI) Accelerator Grant Program. The new grant supports greater collaboration between Colorado and Israeli companies.

The AI Colorado-Israel R&D Grant advances the terms of a Cooperation Agreement signed by Governor John Hickenlooper and Israel's Chief Scientist Avi Hasson in October of 2015. The main objectives of the Agreement are to facilitate and promote bilateral and multilateral research and development projects between entities from Colorado and from Israel, to identify and endorse existing national and international programs for supporting joint research and development projects, and provide access to relevant funding schemes.

"Colorado and Israel share the benefits of having a highly educated workforce and knowledge-based economy. We also share similar strengths in industry clusters and face similar global challenges," said Gov. Hickenlooper. "The alignment of industry strength, such as Information and Technology, coupled with strong R&D creates the potential for meaningful partnerships. We are thrilled to launch this program that will further enhance collaboration on future projects."

The new grant will support projects that will take place in Colorado between Colorado and Israeli companies that have agreed on a partnership arrangement. Awarded funds will help companies offset some of the costs of their R&D projects. Project may include pilot projects (i.e. experimenting with/implementing an Israeli technology in Colorado) or jointly developed technologies (i.e. a water technology or medical device).

Colorado companies interested in applying for the new AI Colorado-Israel Grant must identify as at least one of the following Advanced Industries: Bioscience/Life Science; Advanced Manufacturing/Advanced Materials; Energy - including Natural Resources, Cleantech, Water and Agricultural Systems; Aerospace - including defense; Technology and Information; Electronics; or Infrastructure Engineering. Companies also must have an Israeli partner with which they plan to execute a joint project (Colorado companies seeking Israeli companies to partner with are encouraged to contact or visit the Israeli Center for R&D website).

Colorado companies can apply for a grant beginning today through June 1, 2016. For more information or to apply, please click here.

Office of Economic Development & International Trade
Holly Shrewsbury, 303-892-3847 holly.shrewsbury@state.co.us