The Arizona Commerce Authority has announced its 25 semifinalists today for its Fall 2014 Arizona Innovation Challenge bi-annual business plan competition.
Entrepreneurs receive up to $250,000 in capital to grow their business to advance innovation and technology commercialization opportunities in Arizona.
The commerce authority awards $1.5 million in both the spring and the fall to the most qualified, innovative startups and early-stage companies.
“We congratulate the forward-thinking entrepreneurs selected as our newest AIC semifinalists,” ACA President and CEO Sandra Watson said in a prepared statement. “Arizona’s engagement with early-stage companies, through its suite of targeted programs, continues to spur growth, technology commercialization and capital investment within Arizona’s innovation ecosystem.”
The ACA will name its fall challenge finalists in early January and the winners later that same month.
The 25 semifinalists are:
Adosia LLC, a Tempe-based advertising technology startup that launched a platform in February to increase ad visibility up to 95 percent.
Allbound Inc., a Scottsdale-based tech company that developed an enterprise software-as-a-service solution aimed at training, lead generation and marketing content.
Cactus Semiconductor, a Chandler-based provider of custom analog and mixed-signal integrated circuits for medical devices, portable electronics and power management. Read the rest at www.bizjournals.com.