DENVER — Colorado Office of Economic Development and International Trade announced a total of $7.3 million in Advanced Industries Accelerator grants Thursday to companies and educational institutions around the state, including in the Boulder Valley and Northern Colorado.

“The Advanced Industry grants expand Colorado’s vital innovation ecosystem where this very innovation drives economic growth,” OEDIT senior manager of advanced industries Katie Woslager said in a prepared statement. “These cutting-edge companies create jobs and leverage additional investment into the state, proving to be true economic engines contributing to Colorado’s economy.”

The following organizations, according to an ODEDIT news release, received funding:

Advanced Material Solutions, Inc.–  Erie, CO  $250,000 –  AMS has developed a new technology to manufacture clad pipes for applications in multiple AIs to transport sour crude oil, carbon capture and storage, and other corrosive fluids (acids).  AMS developed this technology because the existing clad pipe manufacture technologies are slow, expensive and have a long delivery time resulting in many projects being shelved. AMS’s founding team members are global technical and commercial experts with many years’ experience in the field.
Blue Cubed, LLC- Niwot, CO $250,000 –  Blue Cubed provides cost-disruptive satellite communications systems through new design approaches. The company’s products span RF and optical links bringing new capabilities and dramatically lowering cost to each. CDMA allows a single ground (or space) station to talk to many satellites at once. A new approach to pointing optical inter satellite links allows much relaxed manufacturing tolerances while retaining the utmost precision required for long distance links.
Crestone, Inc – Boulder, CO  $250,000 –  Crestone, Inc. is a clinical stage biopharmaceutical company focused on inventing and developing novel mechanism of action small…

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