Emerging Technologies

Understanding that funding gaps are one of the primary market barriers to technology commercialization, development, and deployment, the Colorado Energy Office (CEO) actively is engaged in supporting emerging technologies throughout the state. CEO maintains close partnerships with local organizations to assist companies in addressing their capital needs throughout the entire innovation cycle.

Finance-Emerging Technologies.jpgCEO works in close association with the Colorado Office of Economic Development and International Trade (OEDIT) through their Advanced Industries (AI) Accelerator Grant Program to promote energy and natural resource development in the state. The AI Grant provides early-stage capital to companies that want to commercialize technologies in Colorado. CEO serves as a conduit for applicant energy companies to apply for the grant and will give companies the details of the program.

As an expansion of this partnership, CEO has committed $750,000 in grant funds to the OEDIT AI Grant to specifically support innovative technology applications within traditional energy, including oil, natural gas, and coal-related companies. The funds, earmarked exclusively for innovative technologies in this space, build on OEDIT’s grant program designed to provide grants to Colorado companies that want to commercialize their technology and deliver it to the marketplace.

In 2010, CEO also used a portion of its American Recovery and Reinvestment Act (ARRA) funding to capitalize a Revolving Loan Fund (RLF). CEO's RLF is designed to provide essential working captial to early-stage, emerging Colorado companies that have commercialized innovative energy technologies and are seeking to stabilize, grow and expand their operations in an effort to create jobs and spur economic development in Colorado.

CEO also promotes federal programs, including the U.S. Department of Energy’s Loan Programs Office and the National Renewable Energy Laboratory’s (NREL’s) Small Business Voucher Program.

CEO actively is exploring new partnerships and developing in-house finance programs for emerging technologies. To learn more about these resources and others available to Colorado companies, contact Jeffrey King, CEO Business Development Manager, at 303-866-2259 or at jeffrey.king@state.co.us. For more information,  visit the links below: