Programs: ARIZONA INNOVATION CHALLENGE

Welcome to the Arizona Innovation Challenge

 

Know How Arizona proves it’s the best state in the country for innovation? A $3 million reality check.

The Arizona Innovation Challenge (AIC), powered by the Arizona Commerce Authority, awards the most money in the country for a technology commercialization challenge – $3 million ($1.5 million twice yearly) to the world’s most promising technology ventures. Awards range from $100,000 to $250,000 per company.

The results? A big-time investment in the most talented entrepreneurs. Bringing to market products that are literally changing the way the world works. Driving wealth and job creation for the state of Arizona.

Are you up for the Challenge?

The buzz is building. The world is watching. Your time is now.

 

Innovation
in Arizona

Arizona is a proven hot spot for innovators and entrepreneurs to start, expand and thrive. Join us.

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About Us-AZ Innovation Challenge

ABOUT

The business plan competition awards qualified, innovative start-up and early stage companies capital to grow their business in Arizona.

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Apply-AZ Innovation Challenge

APPLY

Does your company have what it takes to win the Arizona Innovation Challenge?

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Awardess AZ Innovation Challenge

AWARDEES

Hear what previous winners have to say about their awards – anywhere from $100,000 to $250,000 per company.

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FAQ AZ Innovation Challenge

ANSWERS (FAQS)

Have questions? Check out the top questions and answers here.

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Arizona ARIZONA INNOVATION CHALLENGE: In The News

Arizona Commerce Authority and Arizona Technology Council Launch the new TechConnect: Arizona’s Technology Magazine

• 09.16.2014

The Arizona Commerce Authority in partnership with the Arizona Technology Council today announced the launch of TechConnect: Arizona’s Technology Magazine. The new blog and digital e-magazine formats at AZtechconnect.com showcase Arizona companies, leaders and stories of innovation.

Finalists and Select Winners Announced for the Arizona Technology Council’s 2014 Governor’s Celebration of Innovation

• 08.27.2014

The Arizona Technology Council in conjunction with the Arizona Commerce Authority, today announced Student and Teacher Awards as well as Individual Award winners and Company Award finalists for the 2014 Governor’s Celebration of Innovation (GCOI) awards presented by Avnet, Inc. In its eleventh year, GCOI will be held on November 13 at the Phoenix Convention Center, 100 North Third Street, in the West Building, third floor from 4-8 p.m.

Accolade Opens New Office in Scottsdale to Support Growing Customer and Consumer Demand

• 08.25.2014

Accolade, a technology-enabled consumer engagement company dedicated to improving the healthcare experience while also lowering costs, has expanded its operations with the opening of a new office in Scottsdale, Arizona. The company expects the office to employ more than 300 by the end of 2016.

GM hiring 1,000 after opening of Chandler tech center

AZCentral.com • 08.22.2014

The Detroit-based company on Friday formally announced the opening of its fourth national IT center, which will employ 1,000 workers in the southeast Valley (Greater Phoenix-area) as the U.S. economy continues a shift toward knowledge-based jobs in science and engineering.

Business leaders: Arizona has what it takes to thrive.

AZCentral.com • 08.15.2014

The ACA reports 17,154 quality new jobs created in fiscal 14. Impressive job totals are just part of the story. Chief Executive Magazine in May ranked Arizona as a Top-10 place to do business in the nation.

Startup central: Arizona a top business grower

AZCentral.com • 08.11.2014

Entrepreneurship and innovation in Arizona have led to successful businesses that are meeting everyday needs of residents and businesses.

Silicon Valley Bank Continues Expansion in Arizona

• 07.30.2014

California-based Silicon Valley Bank today announced its continued expansion in Arizona, with the addition of 250 jobs at its Tempe corporate operations over the next three years. Additionally, the company has committed to lend or invest $100 million to tech and life science companies based in Arizona over the next five years.

Silicon Valley Bank Plans to hire 250 in Arizona, Makes $100M available to high-growth startups

AZCentral.com • 07.30.2014

The California bank expands in Arizona and plans to boost innovation in the state by making $100 million available to high-growth companies.

Phoenix ranks as Top 5 best city for small business

AZCentral.com • 07.23.2014

The National Federation of Independent Business has identified the top five U.S. cities for opening and operating a small business. Phoenix occupies the fifth spot on the list.

Phoenix tech is scorching

USA Today • 06.23.2014

The "Silicon Desert," as locals call it, is thriving, with start-ups taking advantage of the lower cost of living, tight-knit community and talent from one of the nation's largest schools — Arizona State University —  to help sprout new tech ideas.

Weebly Opens North American Customer Operations Headquarters in Scottsdale, Arizona

• 06.4.2014

Weebly, a global service that lets everyone create a high-quality website, has signed a 25,000-square-foot office lease in Scottsdale, Ariz., for the company’s North American customer operations headquarters. Weebly plans to bring more than 250 new positions to the city over the next three years.

Phoenix is the 8th best city for new grads

AZCentral.com • 06.3.2014

Phoenix ranks 9th on Forbes list of American cities with the fastest growing information sectors

AZCentral.com • 05.28.2014

The Phoenix metro area ranks ninth on a new Forbes list of American cities with the fastest-growing information sectors. Close to 2 percent of the jobs in the Phoenix-Mesa-Glendale area are information jobs, according to the list.

From the ACA Blog

Fostering business expansion in Arizona

Mar 13, 2014
T.J. Jennings, Vice President, Capital Strategies, Arizona Commerce Authority 

Arizona actively engages its entrepreneurs with strategic programs to assist in their expansion. The Arizona Innovation Accelerator Fund (AIAF) program is one example of this strategic support. The AIAF program provides debt financing to expanding Arizona businesses that need resources to capitalize on market opportunities.

Innovation in the "Silicon Desert"

Feb 6, 2014
Pat Sullivan, Co-Founder & CEO • Contatta

I love Entrepreneurs. I love Arizona. And I absolutely love Arizona entrepreneurs. The Arizona Commerce Authority (ACA) is one of the reasons Arizona is ranked first in the nation for entrepreneurial activity. The ACA has a three-pronged approach of “recruit, grow, create,” and though Contatta supports everything the ACA is doing, it’s in their efforts to “grow” and “create” that Contatta and the ACA are most closely aligned.

Arizona Success Stories

Arizona Innovation Challenge Winner: Clear Demand

Arizona Innovation Challenge Winner: Recoleta

Arizona Innovation Challenge Winner: Photon