Wednesday, November 24, 2010

November Colorado BioScience Association FOCUS Newsletter - Luca Technologies, Federal QTDP Invests $23+ Million in Colo, Healthcare Reform & More

Articles of interest:

Company Spotlight: Luca Technologies - Page 2

Colorado and the Federal Qualifying Therapeutic Discovery Project (QTDP) - Page 3

Health Care Reform Update and CBSA's Health Care Reform Tool Kit - Page 4

Upcoming CBSA Events of Media Interest - Page 6
Dec 8 - BioBreakfast featuring Sharklet Technologies & Amgen, 2010 Award Winning Companies
Dec 9 - Medical Device Symposium
Dec 10 - Bioscience Finance Seminar: Year End Accounting Update

Link to the PDF

Monday, November 22, 2010

"Cleaning up in clean-tech industries"

"The federal stimulus package, with its emphasis on green jobs, is helping to infuse funds and support for the growth. But according to the Colorado Cleantech Industry Association, an industry support group, the clean-tech boom is being powered by the state's mix of innovators, research and entrepreneurs.

The CCIA released a state cleantech action plan in mid-October to provide an industry overview and to identify areas for development and growth. The organization ratcheted up the fanfare by holding the first-ever Cleantech Awards ceremony, where Northern Colorado businesses, um, cleaned up."

Link to the NCBR article by Joshua Zaffos

More COBiz TV & Planet-Profit Report Interviews Recorded at the Colorado Cleantech Industry Awards: U.S. Senator Mark Udall, Tendril & Ice Energy

COBiz TV & Planet-Profit Report Editor Mike Cote shares more reports from the Colorado Cleantech Industry Awards held last month:

U.S Sen. Mark Udall talks about Colorado’s green economy:

http://www.cobizmag.com/videos/view/udall-on-cleantech

Ivo Steklac from Tendril, runner-up for the CCIA's High Impact Cleantech Company of the Year:

http://www.cobizmag.com/videos/view/tendril

Frank Ramirez from Ice Energy, the CCIA's Breakout Cleantech Company of the Year:

http://www.cobizmag.com/videos/view/ice-energy

Tuesday, November 16, 2010

Rocky Mountain Institute's CEO Michael Potts Interviews on the ColoradoBiz TV - Planet-Profit Report with Editor Mike Cote

ColoradoBizTV/Planet-Profit Report Editor Mike Cote talks with Michael Potts, CEO of the Rocky Mountain Institute, the Colorado Cleantech Industry Association's "National Cleantech Leader" award winner. The interview occurred at the CCIA's Inaugural Awards Celebration last month.



http://www.cobizmag.com/videos/view/rocky-mountain-institute1

Also check out these Planet-Profit Report interviews from the recent Rocky Mountain Cleantech Open:

Verdant Earth

InfiniRel Early Warning Systems

Energy Dynamics Lab/Utah State University

RMCO Mentor and Workshop Chair Jerry Healey

PCMI, Longmont-based solar battery company

Monday, November 15, 2010

Upcoming CBSA Event Roundup - Great Q4 Colorado Bioscience Programming

Nov 17, 2010
7:30am November BioBreakfast: The Children's Hospital - Details

Nov 18, 2010
7:00am Reimbursement and Regulatory Affairs Symposium - Details

Dec 08, 2010
7:30am December BioBreakfast: Awards Dinner - Details

Dec 09, 2010
1:00pm Medical Device Symposium - Details

Note: registration is necessary - links are provided to each event page.

Saturday, November 06, 2010

Northern Colorado 'Bioscience companies share in federal funding'

Quoting from the Northern Colorado Business Report:

"Four Fort Collins bioscience companies have received nearly a quarter million dollars each for research projects from the U.S. Department of Health and Human Services.

As a whole, the Colorado bioscience industry received over $23 million for 102 different research projects from the Qualifying Therapeutic Discovery Project program. This places the state in the top 10 of those applying for QTDP grants and tax credits. The QTDP program, created under the Patient Protection and Affordable Care Act of 2010, is designed to provide support to small bioscience firms that show significant potential to produce cost-saving therapies."

Link to ncbr.com

Friday, November 05, 2010

DBJ: 'Colorado biotechs, medical firms get $23M in federal health-reform funds'

Quoting from the DBJ article by Greg Avery:

"Colorado biotech and medical device companies won $23 million in federal government grants and tax credits made available under health care reform legislation.

This week, 59 Colorado companies began receiving notice they qualified for money to help fund 102 projects.

The Qualifying Therapeutic Discovery Project, overseen by the Internal Revenue Service and the U.S. Department of Health and Human Services, is part of the massive health care bill -- known as the Affordable Care Act -- passed by Congress in March.

The QTDP program offers funding to small companies creating medical therapies with the potential to reduce health care costs, create jobs or improve U.S. competitiveness.

The Colorado BioScience Association teamed with law and accounting firms in the bioscience industry to help companies apply in June."

Link to the news item

Thursday, November 04, 2010

Colorado’s Bioscience Industry Awarded more than $23 Million in Federal Funding - Ranking in Top Ten of all States

Colorado’s bioscience industry received over $23 million for 102 different projects in the Qualifying Therapeutic Discovery Project (QTDP) program, per data posted online Monday by the Internal Revenue Service (IRS), in conjunction with the Department of Health and Human Services (HHS). The announcement is made by Holli Baumunk, President & CEO of the Colorado BioScience Association (CBSA), who is proud to say that Colorado ranks in the top ten of all states applying for credits and grants under the new program.

“The QTDP program was created under the Patient Protection and Affordable Care Act of 2010 which was enacted in March of this year,” Baumunk explains. “This was a unique program in which $1 billion was allocated for tax credits and grants for start-up companies in the bioscience industry to help encourage innovation, advance technology and help ensure that the U.S. remains competitive in this industry. Colorado has a nationally ranked bioscience cluster with the majority of companies being in the start-up phase. Demonstrating the tremendous entrepreneurial climate in the state, more than 100 projects within Colorado have been funded through this program, bringing in more than $23 million for research activities.”

This new program was designed to provide tax credits and grants to small bioscience firms that show significant potential to produce cost saving therapies, support US jobs and increase US competitiveness.

For more information about the QTDP program, visit the IRS website at: http://ow.ly/34A1f

The following Colorado companies received QTDP tax credits and grants for their bioscience projects:

* Accelr8 Technology Corporation - http://www.accelr8.com
* Actium Biosystems, LLC - http://www.actiumbio.com
* Aktiv-Dry, LLC – http://www.aktiv-dry.com
* Allos Therapeutics, Inc. - received funding for six projects - http://www.allos.com
* ApopLogic, Inc. – received funding for two projects - http://www.apoplogic.com
* Aqueous Biomedical, Inc.- http://www.aqueousbio.com
* ARCA Biopharma, Inc. – received funding for two projects - http://www.arcabiopharma.com
* ArcScan, Inc. - http://www.arcscan.com
* AspenBio Pharma, Inc. - http://www.aspenbioinc.com
* Beacon Biotechnology, LLC - http://www.beaconbiotechnology.com
* BioAMPS International, Inc. - http://www.bioamps.com
* Biodesix, Inc. – received funding for six projects - http://www.biodesix.com
* BiOptix Diagnostics, Inc. - http://www.bioptix.com
* Bolder Biotechnology, Inc. – received funding for five projects - http://www.bolderbio.com
* Cell Point - http://www.cellpointweb.com
* CeMines, Inc. - http://www.cemines.com
* Cerapedics, Inc. – received funding for three projects - http://www.cerapedics.com
* CereScan Corp. – http://www.cerescanimaging.com
* Chata Biosystems, Inc. - http://www.chatasolutions.com
* Clovis Oncology, Inc. – received funding for two projects - http://www.clovisoncology.com
* Corgenix Medical Corp. - http://www.corgenix.com
* Crestone Inc. – received funding for two projects - http://www.crestonesystems.com
* EndoShape, Inc. – received funding for two projects - http://www.endoshape.com
* Eveia Medical, Inc. – http://www.eveiamedical.com
* Fertility Laboratories of Colorado, Inc. – http://www.flcolo.com
* Generations Medical Partners, LLC
* GlobeImmune, Inc. – received funding for three projects - http://www.globeimmune.com
* Greffex, Inc. - http://www.greffex.com
* Hiberna Corporation
* ICVRX, LLC
* Inviragen, Inc. – received funding for two projects - www.inviragen.com
* Isogenis, Inc. - http://www.isogenis.com
* Kestrel Labs, Inc. - http://www.kestrellabs.com
* Lanx, Inc. - http://www.lanx.com
* Leap Frogg, LLC
* MBC Pharma, Inc. - http://www.mbcpharma.com
* Micro-Imaging Solutions, LLC - http://www.micro-imaging.us
* MicroPhage, Inc. – received funding for two projects - http://www.microphage.com
* Miragen Therapeutics, Inc. - http://www.miragentherapeutics.com
* Myocept, Inc. - http://www.myocept.com
* N30 Pharmaceuticals, LLC - http://www.n30pharma.com
* Ocutronics, LLC - http://www.ocutronics.com
* Otologics, LLC - http://www.otologics.com
* Parascript, LLC - http://www.parascript.com
* PARE Surgical, Inc. - http://www.paresurgical.com
* Pathogen Systems, Inc. - http://www.crystaldiagnostics.com
* PharmaJet, Inc. - http://www.pharmajet.com
* Precision Photonics Corp. - http://www.precisionphotonics.com
* ProFoldRx, Inc. dba BaroFold, Inc. - http://www.barofold.com
* Protectstyle Corp.
* Pyxant Labs, Inc. – received funding for two projects - http://www.pyxant.com
* Rocky Mountain Biosystems, Inc. - received funding for two projects
* SomaLogic, Inc. – received funding for eight projects - http://www.somalogic.com
* Sophono Inc. - http://www.sophono.com
* Source Precision Medicine Inc. dba Source MDx - received funding for two projects - http://www.sourcemdx.com
* St Cardio Technologies - http://www.stcardio.com
* St. Renatus, LLC - http://www.st-renatus.com
* Sundance Diagnostics, Inc. - http://www.sundancedx.com
* Surefire Medical, Inc. - http://www.surefiremedical.com
* ValveXchange, Inc. - http://www.valvexchange.com
* Ventria Bioscience - received funding for three projects - http://www.ventria.com
* Vitrolife, Inc. - http://www.vitrolife.com

“Start-up companies in the bioscience industry face a constant struggle for funding due in part to the high cost of research and development, and the challenging fundraising environment, with the majority of companies working on less than six months of cash on hand,” Baumunk said. “It’s a difficult industry to survive in, and given the economic struggles over the last two years, funding bioscience research has become even more difficult. The QTDP program offered these companies a way to continue to develop products and work on life saving therapies that will undoubtedly impact the health and quality of life of patients worldwide. We expect that these awards will lead to the production new life saving therapies and medical technologies, which will impact patients and companies for years to come.”

Link to the related HHS release, "Secretaries Geithner, Sebelius, NIH Director Collins Announce Recipients of Affordable Care Act Grants to Support Groundbreaking Biomedical Research," disseminated yesterday: http://www.hhs.gov/news/press/2010pres/11/20101103b.html

Tuesday, November 02, 2010

Abound Solar's Tom Tiller Interviews on Planet-Profit Report - taped at the Oct 19th CCIA Awards Event in Denver

Editor Mike Cote talks with Abound Solar at the Colorado Cleantech Industry Association Awards Celebration October 19th. Abound Solar won High Impact Cleantech Company of the Year at the event.



http://www.cobizmag.com/videos/view/sunny-days-for-solar

Colorado Cleantech Action Plan Featured: "10 ways Global Cleantech Clusters are accelerating the Cleantech Revolution"

The Colorado Cleantech Industry Association's recently released Cleantech Action Plan is featured along with major projects in Graz, Austria; CleanTECH SanDiego; Finnish Cleantech Cluster; The Finnish Environmental Cluster for China; The Global Cleantech Cluster Association; Swisscleantech; The CleanTech Center in Syracuse; Peterborough (UK) EnviroCluster; and the EcoClup association. The article, "10 ways Global Cleantech Clusters are accelerating the Cleantech Revolution," was compiled by Shawn Lesser.

"Shawn Lesser is the president and founder of Atlanta-based Sustainable World Capital, which is focused on fund-raising for private equity cleantech/sustainable funds, as well as private cleantech companies and M&A. He is also a co-founder of the GCCA Global Cleantech Cluster Association, and can be reached at shawn.lesser@sworldcap.com."

Link to Cleantech Insights