The Colorado Office of Economic Development and International Trade has awarded 2009-2010 grants totaling $352,000 to seven Colorado State University bioscience professors.

Commercializing innovations

The Colorado Legislature created the Bioscience Discovery Evaluation Grant Program in 2006 to increase the research and development of new bioscience technology in Colorado research institutions. The grants are intended to accelerate commercialization of new discoveries and support new business development. The program has since been amended to also expedite the research and production of biofuels.

Colorado State University must match the state funds through institutional and private sources.

Several of the Colorado State professors receiving grants have either formed companies or are in the process of forming companies to commercialize their innovations.