Arizona Commerce Authority Announces Innovation Challege Grant Finalists

The Arizona Commerce Authority (ACA) has announced the 25 semifinalists that will move on in the Fall 2012 Arizona Innovation Challenge (AIC).  Winners are expected to be announced in December 2012.

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:


“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


Posted in AZBio News.