Six CU Boulder startups clean up at Advanced Industries Accelerator competition, winning $1.5M in grants
Competing against companies from across the entire state, six CU Boulder startupswon a total of $1.5M in grants from theColorado Office of Economic Development and International Trade (OEDIT)'s .The companies—Artimus Robotics, Bioloomics, Earable, Emergy, Longpath Technologies, and New Iridium—represent several campus departments including biochemistry, chemistry, computer science, civil engineering, environmental/energyengineeringand mechanical engineering.
All six Boulder-based startups engaged in the university'sentrepreneurial resourcesthrough Venture Partners at CU Boulder and the Innovation and Entrepreneurship Initiative, including the Lab Venture Challenge, Commercialization Academy, and New Venture Challenge.
—$250,000—Artimus Robotics' artificial muscle technology provides lightweight, simple, controllable and versatile linear motion that can replace traditional actuators and enable the next generation of automation and robotics in industries ranging from warehouses to healthcare. (Pictured in photo above.)
—$240,000—BioLoomics’ technology uses AI to compare both the on- and off-target effects of new drugs to that of known drugs, revealing a proportion of drugs that are destined to fail.
—$250,000—Earable is an early stage company working on cognitive healthcare by building smart earphones that help improving human’s cognitive functions and productivity.
—$250,000—Emergy Foodsprovides whole muscle, nutritious plant-based meatsfor healthier people and a healthier planet.
—$250,000—LongPathleverages aColorado Nobel-prize-winning frequency comb laser technology to help oil and gas companies detect leaks.
—$250,000—New Iridium accelerates pharma drug development with light-driven photocatalysis. By reducing drug synthesis steps, photocatalysis shortens the R&D cycle-time, improves time-to-market and reduces downstream manufacturing costs.
“Funding such a diverse cross-section of innovative Colorado companies continues to advance Colorado’s key industries and solidify our state’s reputation as an innovation incubator,” senior manager of Advanced IndustriesKatie Woslagersaid in a statement. “Innovation drives economic growth and these grants directly support Colorado’s vital innovation ecosystem.”
The Advanced Industries Accelerator Programs were created in 2013 to promote growth and sustainability in Colorado’s advanced industries by driving innovation, accelerating commercialization, encouraging public-private partnerships, increasing access to early stage capital and creating a strong infrastructure to increase the state’s capacity to be globally competitive.
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