Technology & Innovation

 

 

Arizona Pro-Innovation Policies

Arizona’s pro-innovation environment enacts trailblazing, technology-driven policies, placing the state right at the leading edge of innovation. This further confirms that Arizona is the best place to bring new technologies and business models to market.

 

"Arizona embraces innovation, and tech companies around the world are taking note."

- Arizona Governor Doug Ducey

Fintech Sandbox

Financial services are infused with technology, evolving from traditional market regulatory systems and transactions to apps in the cloud. To allow entrepreneurs to launch cutting-edge products without burdensome costs or regulations, Arizona was the first state in the nation to launch a FinTech Sandbox in 2018. While playing in the sandbox, startups can test their innovations on a limited, temporary scale, allowing for business growth. Arizona joins countries including the United Kingdom, Singapore, United Arab Emirates and Australia in encouraging fintech investment by instituting sandboxes.

Proptech Sandbox

Before the Arizona FinTech Sandbox opened for applications, the state created the PropTech Sandbox, thrusting Arizona onto the national stage. The first-in-the-nation sandbox gives visionary thinkers a platform to test unique, tech-based property services and products. Participants have the opportunity to evolve with limited access to test without first obtaining full state licensure. The admissions and oversight process is overseen by the Arizona Commerce Authority.

Blockchain Technology

Beyond cryptocurrencies, blockchain technologies act as a security utility in cybersecurity applications. Arizona updated state statutes to specifically authorize companies to hold and share data using blockchain technology, putting this data on par with written records.

Cybersecurity

With an already booming cybersecurity private sector, Governor Doug Ducey brought together a network of experts in government, policy, education and the private sector to create the Arizona Cybersecurity Team. The team focuses advising on cybersecurity issues, facilitating cooperation among the public and private sectors, and promoting public awareness of cyber threats and attacks.

SG Technology

Arizona was the first state in the nation to enact legislation to streamline the deployment of technology enabling next-gen 5G wireless communication. This capability is needed to support and scale the state’s vital digital networks and attract innovative tech companies. Following this deployment, both Verizon and Sprint chose Phoenix to be one of the first U.S. markets to receive their 5G networks.

Automated Vehicles

Arizona sets the pace for self-driving vehicle innovation. In 2015, Governor Ducey signed an executive order supporting the testing and operation of self-driving vehicles, making Arizona the first state to do so. Arizona’s reputation as an AV-friendly state with innovation-minded support has paved the way for significant investments in automated mobility.

Institute of Automated Mobility

 

The Institute of Automated Mobility (IAM) is a consortium to advance the safety, science and policy in the automated vehicle sector. Overseen by the Arizona Commerce Authority, IAM brings together the brightest minds from all three Arizona public universities, government leaders committed to embracing innovation, and global industry leaders to collaborate on state-of-the-art research and testing in Arizona.

 

Work in Motion

Sharing Economy

Arizona embraces new, innovative business models, namely the sharing economy. The state’s strong support of the sharing economy was reinforced in 2015 when the governor signed legislation embracing ridesharing services and operations in Arizona. Then, a year later, the governor enacted first-of-its-kind legislation enabling all Arizonans to participate in the 21st-century economy by streamlining the process for home-sharing platforms to collect taxes and remit them to the Arizona Department of Revenue.

Unmanned Aircraft Systems

Arizona is the premier place in the world to responsibly test, deploy and advance Unmanned Aircraft Systems (UAS) technology and policy. The AZSkyTech program was established in 2018 by the Arizona Commerce Authority under Governor Ducey’s leadership to develop safety, security and privacy protocols for UAS.