Arizona Commerce Authority Announces Semifinalists in the Fall 2015 Arizona Innovation Challenge

PHOENIX (Oct. 19, 2015)The Arizona Commerce Authority (ACA) today announced 25 semifinalists in the Fall 2015 round of the Arizona Innovation Challenge (AIC), a bi-annual business plan competition for promising early-stage companies in high-growth industries.

The ACA provides $3 million in grants – $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 each in capital to grow their businesses, advancing innovation and technology commercialization opportunities in Arizona.

“The ACA is committed to helping entrepreneurs grow their startups through valuable programs such as the Arizona Innovation Challenge,” said Sandra Watson, Arizona Commerce Authority President and CEO. “The success of early-stage ventures in high-growth industries leads to the creation of quality jobs and supports Arizona’s economic competitiveness.”

The 25 Fall 2015 Arizona Innovation Challenge Semifinalists are as follows:

COMPANY INDUSTRY CITY
Allbound IT - Software Phoenix, AZ
Beacon Biomedical Bio & Life Sciences Scottsdale, AZ
BeckonCall IT - Software Scottsdale, AZ
ClearVoice IT - Software Phoenix, AZ
Crowd Mics IT - Software Mesa, AZ
Dataware Ventures IT - Software Tucson, AZ
EZ Dump Commercial Advanced Manufacturing Phoenix, AZ
Gamma Tile Bio & Life Sciences Gilbert, AZ
GlycoSurf Bio & Life Sciences Park City, UT
GRVTY IT - Software Phoenix, AZ
Lightsense Technology Advanced Materials Tucson, AZ
MobileLogix IT - Software Glendale, AZ
NoteBowl IT - Software Scottsdale, AZ
NVI Algae Products Bio & Life Sciences Phoenix, AZ
Omedix IT - Software Scottsdale, AZ
Paraffin International Bio & Life Sciences Phoenix, AZ
Power Mobility Doctor Rx IT - Software Glendale, AZ
SalesTalk Technologies IT - Software Scottsdale, AZ
Salted Earth Aerospace & Defense Tempe, AZ
SENSATIX IT - Hardware Scottsdale, AZ
Smart Clinic AZ IT - Software Paradise Valley, AZ
SolarThermiX Cleantech/Renewable Energy Phoenix, AZ
Swappow IT - Software Phoenix, AZ
The Medical Memory IT - Software Phoenix, AZ
Universal Bio Mining Bio & Life Sciences

Tucson, AZ

A panel of expert judges evaluated 131 applications for the Fall 2015 AIC submitted by companies based in Arizona, California, Ohio, Utah and Virginia. The judges assessed each application on a set of criteria including technology potential, marketing strategy, quality of management team and economic impact.

The Fall 2015 semifinalist companies represent the following high-value industry sectors by percentage:

  • IT – Software: 56%
  • Bio & Life Sciences: 20%
  • Cleantech/Renewable Energy: 8%
  • IT – Hardware 4%
  • Advanced Materials: 4%
  • Advanced Manufacturing: 4%
  • Aerospace & Defense: 4%

Every applying company that meets the AIC’s eligibility requirements will receive constructive feedback generated from the rigorous online evaluation and scoring process. All semifinalists also will be considered for participation in Venture Ready, the ACA’s mentor program that connects early stage companies with high-level CEOs to further refine business plans and investor pitches.

The ACA will name its Fall 2015 Arizona Innovation Challenge finalists in mid-December, 2015 and the winners later that same month.

Media Contact:

Susan Marie, Manager, Marketing and Communications
Arizona Commerce Authority
602.845.1231 or susanm@azcommerce.com

About the Arizona Commerce Authority

The Arizona Commerce Authority (ACA) is the state’s leading economic development organization with a streamlined mission to grow and strengthen Arizona’s economy. The ACA uses a three-pronged approach to advance the overall economy: recruit, grow, create – recruit out-of-state companies to expand their operations in Arizona; work with existing companies to grow their business in Arizona and beyond; and partner with entrepreneurs and companies large and small to create new jobs and businesses in targeted industries. Visit azcommerce.com for more information. 

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