The Advanced Industries Export Grant helps Colorado-based advanced industries technology businesses who want to export or are currently exporting.
Donor Name: Colorado Office of Economic Development and International Trade (OEDIT)
State: Colorado
County: All Counties
Type of Grant: Grant
Deadline: Ongoing
Size of the Grant: Up to $15,000
Details:
This grant is for small- and medium-sized businesses. It reimburses for international business development and marketing costs.
The Global Consultant Network is also funded through this program. Colorado-based businesses can receive consulting support to help them expand into other countries. Consulting services typically last between three and eight months. Consultants offer these services:
- market entry services
- in-country partner meetings
- other services (cost dependent on service)
Advanced industries technology
An advanced industries technology is defined by law as a technology or product that is innovative and disruptive to one of these seven advanced industries:
- advanced manufacturing
- aerospace
- bioscience
- electronics
- energy and natural resources (including cleantech)
- infrastructure engineering
- technology and information
Funding Information
Businesses can apply for up to $15,000 and up to 50% of the approved expenses.
Eligible expenses
Before you spend money on your project, make sure your expenses are eligible. Eligible expenses include:
- up to 2 company employees going on an overseas trade mission, international or domestic trade show, or international market sales trip
- conducting due diligence or credit reviews on potential buyers or distributors
- legal fees related to a contract, intellectual property protection, or other issues related to exporting goods or services
- design and producing international marketing materials
- compliance with international requirements for labeling, packaging, or shipping
- translation for a contract, official document, marketing materials, or website
- quality or environmental certifications
- preparing product documents, product registration, or assembly or maintenance instructions
Eligibility Criteria
To be eligible, your business needs to:
- manufacture an advanced technology and influence one or more of Colorado’s advanced industries
- have headquarters in Colorado or have at least 50% of your employees based in Colorado
- employ fewer than 200 employees globally
- show a profit during the last fiscal year
- be new to export or expanding to a new export market
- have at least two years of sales experience in the United States
- be registered with the Colorado Secretary of State and in Good Standing
- have a commercialized product or service to export
- be export-ready
This grant will not reimburse for certain activities, including but not limited to:
- any expenses that state law forbids a state agency from reimbursing a state employee
- airfare upgrades to Economy Plus, Business, or First Class for domestic or international flights
- entertainment, receptions, or social events
- staff pay
- routine business operation expenses
- infrastructure related expenses
For more information, visit OEDIT.
