Arizona Innovation Challenge: Up to $3 million a year to innovative companies

By Joseph
iHub
  Published 2nd August 2012
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Speaking ofunorthodox waysto find funding, the following is a great example:

Having read Ushahidi Co-Founder'sErik Hersman's article: From Kenya to Madagascar: The African Tech Hub Boom, Hank Marshall from theArizona Commerce Authority, US, wanted to reach out to African entrepreneurs, techpreneurs and innovators so that they too, can participate in this grant program. He says:

"I was very intrigued...Ifully recognize Africa's potential and I am a huge advocate of innovationdiplomacy. I wanted to bring [.. ] attention to the leadingInnovation Grant Program run in the US - operated by the Arizona CommerceAuthority. It is called the Arizona Innovation Challenge. We give away $3million a year ($1.5 million every 6 months) to innovative companies. Webelieve innovations is not just the future, it is also the future forArizona. ...

...We recognize that true examples of innovation can be found in every corner of the world. We want our program to be able to serve as a revered and respected outlet for aspiring entrepreneurs who are looking for that unique opportunity to pit their offering against those of fellow innovators in a competitive environment - much like real life. - Hank Marshall, Arizona Commerce Authority, US.

We would be delighted to have African applicantsand utimately, African winners!

Below are the application details:

The Arizona Innovation Challenge is an investment in the minds of talented entrepreneurs in Arizona and around the world. The ACA awards $3 million annually to the most promising technology ventures that participate in the Arizona Innovation Challenge (awards may range from $100,000 to $250,000). Companies in the following technology sectors may apply: advanced materials, advanced manufacturing, aerospace and defense, bio and life sciences, clean-tech and renewable energy, and information technology.

Apply for the fall Arizona Innovation Challenge beginning August 15, 2012.

 
Follow ACA on Twitter to keep updated on the Innovation Challenge.

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