07-21-17 CO-OEDIT: Advanced Industries (AI) Export Accelerator Grant Program Now Accepting Applications

OEDIT-CO logoAdvanced Industries (AI) Export Accelerator Grant Program Now Accepting Applications

Funding Available to offset international business development and marketing costs

The Advanced Industries (AI) Export Accelerator Grant program is now accepting applications from current and aspiring Colorado exporters in the Advanced Industries who are looking to offset international business development and marketing costs.

Grants are available for up to $15,000 for eligible costs for small and medium-sized AI businesses in aerospace, infrastructure engineering, advanced manufacturing, energy and natural resources, bioscience, electronics, and technology and information.

Grants can be used to help cover the costs of trade missions and trade shows, translation services for a contract or official document, intellectual property protection, conducting due diligence or credit reviews on potential buyers or distributors, and production and design of international marketing materials.

The AI Export Accelerator grant program is administered by the Global Business Development division of the Colorado Office of Economic Development and International Trade (OEDIT).
The application and eligibility requirements are available here.

Grant applications are accepted on a rolling basis until funds are exhausted. This is a competitive grant process with limited opportunities for funding. First year grant applicants will be given preference during the application review process. The deadline is rolling and projects and/or travel must be complete by June 30, 2018. Questions can be emailed to Laura Brindle at laura.brindle@state.co.us

Companies that are considering exporting or those that are currently exporting are also encouraged to use the Global Consultant Network as a complement to the AI Export Accelerator program.

The Global Consultant Network provides a network of international consultants who connect Colorado companies to global opportunities. Colorado companies have access to international consultants in major markets including Canada, Mexico, Brazil, UK, Ireland, France, Germany, Japan, UAE and China that provide valuable in-country market research.

These consultants can assist Colorado companies to:
Understand the opportunity for a product or service in their international market
Navigate the local regulatory and business environment
Identify potential in-market partners
Set meetings with potential partners and attend meetings upon request
Colorado companies pay $500 for services provided by the Global Consultant Network and OEDIT covers the remaining amount of the services. Learn more about Global Consultant Network here.

About Advanced Industries Accelerator Programs
The Advanced Industries Accelerator Programs were created in 2013 to promote growth and sustainability in Colorado’s advanced industries by helping drive innovation, accelerating commercialization, encouraging public-private partnerships, increasing access to early stage capital and creating a strong ecosystem that increases the state’s global competitiveness.