The Arizona Innovation Challenge is a bi-annual business plan competition that awards qualified, innovative startups and early stage companies with capital to grow their business, ultimately advancing innovation and technology commercialization opportunities in Arizona.
Targeted industries include clean tech/renewable energy, bio/life sciences, information technology, aerospace and defense, and advanced manufacturing.
The ACA commits $3 million annually to the competition – $1.5 million in the spring and $1.5 million in the fall. Companies receive anywhere from $100,000 to $250,000 and will be required to commercialize their technology and generate revenue within the following 12 months.
The Fall 2012 Arizona Innovation Challenge semifinalists include:
- Abtech Industries
- Athena Wireless
- BCR Diagnostics
- Instant Bioscan
- IPO Solutions
- Itel Companies
- Kinetic Muscles
- Phocus LLC
- Serious Integrated
- Solar Pool Tech
- Solite, Inc
- Sooh Media
- Stat Health Services
“Our state is rich with gifted entrepreneurs who often lack the capital to bring their product to market” shared Sadra Watson, CEO of the Arizona Commerce Authority. “The Arizona Innovation Challenge provides that critical funding support to impact the economy in a significant way through wealth and job creation.”
Congratulations to the Fall 2012 Arizona Innovation Challenge semifinalists.
The Arizona Commerce Authority is expected to announce the winners in mid December.
For more information on the next Challenge, visit www.azinnovationchallenge.com.