AZBio and its partners have programs strategically designed to help improve access to capital for our Arizona Life Science Industry and to preserve capital through AZBio Purchasing Power Programs.
How well they work depends on you.
The 2014 Arizona Bioscience Roadmap Report identifies
improving access to capital as a key priority
in growing Arizona’s Life Science Industry.
Arizona has made impressive progress in the growth of its life science industry over the last decade. To continue to build momentum, investments (both public and private) are required to fuel future growth.
Here’s what was reported for 2013:
- National Institutes of Health Funding: $182 million, 0.82% of U.S. total (2013) (Source: page 6)
- Bioscience Venture Capital: $37 million, 0.38% of U.S. total (2013) (Source: page 6)
- Arizona ranked 15th in population or approximately 2% of the total US population in 2013. (Other states at 2% – Washington, Massachusetts, and Indiana) (Source: Census Estimates 2013)
Growth requires capital, either from investment & financing or operations. It’s something every business owner knows.
Here is what AZBio and our partners are doing to address the need for growth capital and here’s how you can help:
Investment & Financing
Investment has many forms that come into play at different stages of your company’s life cycle. Investments fall into two primary categories, non-dilutive (i.e. grants and loans) and dilutive (equity based investments).
How to engage
|Arizona Innovation Challenge||Twice yearly, the Arizona Commerce Authority awards $1.5 million to the world’s most innovative companies. The Arizona Innovation Challenge is an investment in the minds of talented entrepreneurs. Entrepreneurs who, through commercialization of their technology, are advancing Arizona’s economic transformation through wealth and job creation.(AIC Grants are non-dilutive)||Spring and Fall Applications for the AIC are published via In The Loop and via statewide media outlets.|
|SBIR Ask the Experts
|Learn the secrets to obtaining SBIR and STTR grants directly from SBIR experts at the National Institutes of Health and the National Science Foundation.The morning is a general session will cover the ins and outs of the SBIR/STTR process. In the afternoon, NIH and NSF experts will conduct one-on-one sessions with past and prospective applicants designed to improve their applications.(SBIR Grants are non-dilutive)||Applications are now open for companies that wish to meet with the visiting SBIR Program managers. Applications must be completed by July 15, 2014.
|P III Playbook and AZ Fast Grants||The PIII Playbook is an Arizona Commerce Authority program of training and technical assistance enabling high-growth potential small technology firms to compete more effectively for federal SBIR/STTR Phase I and II awards and ultimately commercialize their innovations in Phase III.(SBIR Grants are Non-Dilutive)||Download an application. For any additional questions, email Jill Howard Allen or call (602) 845-1291.Click here for more information on the federal SBIR/STTR programsClick here for more information on AZ Fast Grants|
|White Hat Life ScienceInvestor ConferenceWhiteHatInvestors.com||Arizona’s first Life Science Investor and Partnering conference, White Hat is bringing together investors from across the US with the top 40 opportunities in Rx, Dx, Med Device, and Health IT from across the Rocky Mountain Southwest Region.||For Companies:Apply to present by 7/1/2014.
Information on White Hat and registration can be found at
In addition, AZBio can connect you to partners to help you prepare for bank financing as well as to experts in Arizona specific loan programs offered through the Arizona Commerce Authority. Click here to learn more.
Operations: Strong Operations Generate Capital and Attract It.
How to engage
|Talent||AZBio Posts Job Opportunities weekly via In The Loop. Companies and Job Seekers reach a broader audience via the AZBio Career Center powered by Jobing.com||Click here to email a job positing for In The Loop.Click here to access the AZBio Career Center.|
|Supply Chain and Regulatory Support||AZBio Purchase Power is made up of Member 2 Member offerings and special programs from BIO Business Solutions that can provide significant savings for your business operations.||Click here to learn more about these programs.|
|Work Force Development||AZBio’s partnership with Life Collaborative brings life science specific training to your desktop.||Click here to learn more about workforce development and career training programs from Life Collaborative.|
|Media and Public Relations||AZBio.org and AZBio.TV had over 60,000 unique visitors in the most recent 12 month period and over 100,000 page views.AZBio’s BIO Business Solutions program with Business Wire can save you money on national and international direct syndication of your media releases.||Click here to send your media releases to AZBio.Click here to learn more about the Business Wire program.|
|Web Development and Marketing Services||Experts from New Angle Media can help you develop a professional web presence and help you showcase your products and services across the web.NAM is AZBio’s is the host for AZBio.TV.||NAM offers special services and pricing for AZBio Members.Click here to learn more.|
Does your company have a program to offer AZBio Members? Click here to connect with us and share your offer.