Colorado Quantum Fund (CQF) for Innovative Lending

About this funding opportunity

Select LanguageAbkhazAcehneseAcholiAfarAfrikaansAlbanianAlurAmharicArabicArmenianAssameseAvarAwadhiAymaraAzerbaijaniBalineseBaluchiBambaraBaouléBashkirBasqueBatak KaroBatak SimalungunBatak TobaBelarusianBembaBengaliBetawiBhojpuriBikolBosnianBretonBulgarianBuryatCantoneseCatalanCebuanoChamorroChechenChichewaChinese (Simplified)Chinese (Traditional)ChuukeseChuvashCorsicanCrimean Tatar (Cyrillic)Crimean Tatar (Latin)CroatianCzechDanishDariDhivehiDinkaDogriDombeDutchDyulaDzongkhaEsperantoEstonianEweFaroeseFijianFilipinoFinnishFonFrenchFrench (Canada)FrisianFriulianFulaniGaGalicianGeorgianGermanGreekGuaraniGujaratiHaitian CreoleHakha ChinHausaHawaiianHebrewHiligaynonHindiHmongHungarianHunsrikIbanIcelandicIgboIlocanoIndonesianInuktut (Latin)Inuktut (Syllabics)IrishItalianJamaican PatoisJapaneseJavaneseJingpoKalaallisutKannadaKanuriKapampanganKazakhKhasiKhmerKigaKikongoKinyarwandaKitubaKokborokKomiKonkaniKoreanKrioKurdish (Kurmanji)Kurdish (Sorani)KyrgyzLaoLatgalianLatinLatvianLigurianLimburgishLingalaLithuanianLombardLugandaLuoLuxembourgishMacedonianMadureseMaithiliMakassarMalagasyMalayMalay (Jawi)MalayalamMalteseMamManxMaoriMarathiMarshalleseMarwadiMauritian CreoleMeadow MariMeiteilon (Manipuri)MinangMizoMongolianMyanmar (Burmese)Nahuatl (Eastern Huasteca)NdauNdebele (South)Nepalbhasa (Newari)NepaliNKoNorwegianNuerOccitanOdia (Oriya)OromoOssetianPangasinanPapiamentoPashtoPersianPolishPortuguese (Brazil)Portuguese (Portugal)Punjabi (Gurmukhi)Punjabi (Shahmukhi)QuechuaQʼeqchiʼRomaniRomanianRundiRussianSami (North)SamoanSangoSanskritSantali (Latin)Santali (Ol Chiki)Scots GaelicSepediSerbianSesothoSeychellois CreoleShanShonaSicilianSilesianSindhiSinhalaSlovakSlovenianSomaliSpanishSundaneseSusuSwahiliSwatiSwedishTahitianTajikTamazightTamazight (Tifinagh)TamilTatarTeluguTetumThaiTibetanTigrinyaTivTok PisinTonganTshilubaTsongaTswanaTuluTumbukaTurkishTurkmenTuvanTwiUdmurtUkrainianUrduUyghurUzbekVendaVenetianVietnameseWarayWelshWolofXhosaYakutYiddishYorubaYucatec MayaZapotecZulu

Powered by Translate

0 Colorado Quantum Fund (CQF) for Innovative Lending Program Update

The Colorado Quantum Fund for Innovative Lending is now open for lenders only.

At program launch, OEDIT will begin the program on a first-come, first-served basis with $3M of the total allowable credits.

Please review further details and current policy decisions in this CQF for Innovative Lending: Program Policy, (Google Doc)(opens in new window). Program Summary

The Colorado Quantum Fund (CQF) for Innovative Lending, enacted as part of HB24-1325, improves access to capital for quantum companies in Colorado by encouraging lenders to make favorable loans to companies by registering up to 15% of the loan in a pooled loan loss reserve. The reserve is accessible with a 100% refundable tax credit should the lender incur losses associated with those loans.

Applications are currently open for lenders who complete a lender verification process. The total tax credit allocation will begin as first-come, first served. Overview

Type: Tax credit

For: Commercial banks, depository institutions, private lending funds, or other entities that make commercial loans to organizations in the quantum industry

Amount: $30 million

Application Period: Rolling. Applications close when $30 million in tax credits have been reserved. Before tax credits may be reserved, eligible lenders must complete a lender verification process.

OEDIT division: Business Funding & Incentives Background

In July of 2024, the Economic Development Administration (EDA) selected the Mountain West’s application as one of 12 federally designated Regional Technology and Innovation Hubs (Tech Hubs) under the CHIPS and Science Act. The public-private partnership that began in 2023 would eventually distribute $10 billion across 5-10 Tech Hubs across the U.S. focused on 10 key technologies. After being designated as a hub in October 2024, the Elevate Quantum coalition - a consortium of private and public sector…

Topic areas: Public Policy and Governance, General and Cross-cutting R&D.

Funding amount

This other provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Colorado Quantum Fund (CQF) for Innovative Lending is administered by Colorado Office of Economic Development and International Trade (OEDIT), listed via Colorado Office of Economic Development and International Trade.