Rent-a-tech: AZ Core Labs offers equipment, expertise
As seen in the Arzona Daily Sun: JOE FERGUSON Sun Staff Reporter azdailysun.com | Posted: Sunday, November 6, 2011
Having a million-dollar idea and generous investors aren’t always enough for start-ups working in cutting-edge technology fields.
The long road from a back-of-the-napkin sketch to a production-ready prototype is littered with expensive decisions that often require even the most well-funded companies to choose between various pieces of hardware that they may only use once and only for a few months.
AZ Core Labs, a division of the Northern Arizona Center for Entrepreneurship and Technology, has been created to give businesses another option: Rent the technology as well as the technicians.
The head of NACET, Russ Yelton, said failing to get even temporary access to key technology is a stumbling block for many fledgling companies.
“It is important for companies to have access to higher-end equipment that they may not be able to afford. A lot of our start-up companies can’t afford to pay $60,000 for a microscope,” he said.
Most scientists, he said, have to either collaborate with others scientists who have access to the right equipment or pay to have their samples analyzed by out-of-state labs.