Arizona: Programs

AZ FAST GRANT

AZ Fast Grant OPENS FALL 2014

 

Technology Commercialization Assistance

The AZ Fast Grant program is a highly competitive grant providing qualified Arizona-based, early stage technology companies with intensive training and technical assistance to commercialize their innovations, grow their business and create quality jobs.

Maximum awards of $5,000 and $20,000 will enable companies to accomplish one of four scopes of work:

SBIR/STTR Proposal Development – Maximum award of $5,000

  • Enrollment in the ACA Plll Playbook training, a structured program of training and technical assistance allowing high-growth potential small technology firms to compete more effectively for federal SBIR/STTR Phase I and II awards. For additional details, visit PIII Playbook. (Maximum award of $1,500)
  • Professional SBIR/STTR proposal writing consultant services beyond the 23 hours already provided by the PIII Playbook training program. You may contract a consultant of your choice. (Maximum award of $3,500)

Commercialization Feasibility Study – Maximum award of $5,000

  • Identify showstoppers to commercialization before resources are spent commercializing a technology that is unlikely to succeed. You may contract a consultant of your choice.

Other Acceptable Means Of Technology Commercialization Assistance – Maximum award of $5,000

  • Technology Review – An expert review of the technology under development to determine if it already exists, is a good candidate for intellectual property protection and is likely to find an attractive market.
  • Requests for other acceptable means of technology commercialization assistance will be considered.

Innovation In Manufacturing – Maximum award of $20,000

  • Partner with an Arizona manufacturer to solve an existing manufacturing opportunity with your novel innovation.
  • This initiative will focus upon creating and providing disruptive tools and technologies to Arizona manufacturing firms.
  • In order to move emerging technologies towards commercialization, this competition will identify novel technologies that can be implemented on a pilot basis with an industry partner or partners within six months of the award notification. Multiple competitive awards of up to $20,000 each will be made in this grant cycle.
  • Solution providers, i.e. consultants, training firms, engineering and technology companies, and educational institutions, are encouraged to team with manufacturers to submit proposals.
  • Each proposer must identify a teaming arrangement with Arizona manufacturers. Preference will be given to proposers teaming with multiple manufacturing partners.
  • The manufacturers must have fewer than 500 employees in its Arizona operations and operate within any of these business sectors:

Advanced materials
Advanced manufacturing
Aerospace & Defense
Bio and Life Sciences
Cleantech/Renewable Energy
IT- Hardware
IT- Software

AZ FAST GRANT REQUIREMENTS:

  • Applicant companies are required to have a physical presence in Arizona, have fewer than 30 employees and gross revenues of $2 million or less.
  • The company’s solution must be for a targeted Arizona Commerce Authority (ACA) technology sector. Companies should interview and select professional consultants who match their requirements.
  • Consultant must be an independent third party to the client company.
  • A customized formal quote from the consultant of choice stating the scope of work, time frame for deliverables and detailed costs is required with this application.
  • Companies may submit only one application.
  • Applications must be submitted online.
  • Travel is not an eligible expense for this grant program.
  • Grant payment schedule – 25% upon award, 25% after first progress report and 50% upon completion
  • Project must be completed within six months of award notification.
  • Awardee permits ACA to identify the firm and its project in news releases and marketing activities.
  • ACA is not obligated by law to provide grants to any business. Grants are made in the sole and absolute discretion of the ACA based on a variety of factors and no factor or combination of factors ensures grant eligibility.
  • The awarding of grants is based on criteria that produce the best value for the ACA.

 

 For inquiries about the AZ Fast Grant Program email Jill HowardAllen

 

 


 

Arizona Success Stories

AZ Fast Grant Recipient: Prime Solutions Group, Inc

AZ Fast Grant Recipient: SiO2 Nanotech

AZ Fast Grant Recipient: NMIC Nano