Colorado Springs, CO – November 20, 2020 – Titan Robotics, Ltd., a leading manufacturer of industrial 3D printers based in Colorado Springs, was awarded a $250,000 grant from the Colorado Office of Economic Development and International Trade (OEDIT)’s Advanced Industries Accelerator Grant Program. Out of 37 recipients across the state, Titan Robotics is one of two Colorado Springs companies to receive the grant.
“The Advanced Industries grants expand Colorado’s vital innovation ecosystem that supports our economic growth,” said Katie Woslager Senior Manager – Advanced Industries in a press release issued by OEDIT. “These innovative companies create jobs and leverage additional investment in Colorado, and are even more important as the nation focuses on economic recovery.”
The Advanced Industries Accelerator Grant Program fund companies commercializing innovative technologies to create viable products that meet a market need and can be created or manufactured in Colorado and exported globally. According to OEDIT, the AI Accelerator Grant program received 100 applicants this grant cycle.
“This grant will allow us to accelerate and commercialize breakthrough technology in industrial additive manufacturing, furthering Titan’s mission of enabling the adoption of 3D printing into industrial production,” said Rahul Kasat, Titan Robotics Partner. “In addition to funding innovative technologies, this grant will help us drive economic growth and support new jobs in Colorado Springs.”
According to OEDIT, the Advanced Industry Accelerator Programs (AIA) were created in 2013 to promote growth and sustainability in Colorado’s advanced industries by driving innovation, accelerating commercialization, encouraging public-private partnerships, increasing access to early stage capital and creating a strong infrastructure that increases the state’s capacity to be globally competitive.