The Arizona Commerce Authority (ACA) today announced 25 semifinalists in its Spring 2015 Arizona Innovation Challenge (AIC), a bi-annual business plan competition awarding $3 million annually to talented entrepreneurs.
Each year, the ACA awards – $1.5 million in the spring and $1.5 million in the fall – to the most qualified, innovative startups and early-stage companies. Recipients receive up to $250,000 in capital to grow their businesses, advancing innovation and technology commercialization opportunities in Arizona. A panel of expert judges evaluated 138 applications from the Spring 2015 AIC submitted by companies based in Arizona, California, Massachusetts, Texas and Wisconsin.
Arizona's engagement with early-stage companies through its suite of targeted programs continues to spur growth, technology commercialization and capital investment within the state's innovation ecosystem. With more than 1,400 applications received for the AIC since 2011, the program continues to be among the many opportunities available to innovators, which have made Arizona a top hub for entrepreneurial activity and startup success.
See the full list here.