Four Startups and Two Cleantech Companies Are Finalists In The Spring 2017 Arizona Commerce Authority’s Arizona Innovation Challenge
The Arizona Innovation Challenge, powered by the Arizona Commerce Authority, awards the most money in the country for any kind of technology commercialization challenge. Each semi-annual competition gives out $1.5 million dollars in prizes to startups, small businesses and technology driven companies from across the state.
“The business plan competition awards qualified, innovative start-up and early stage companies capital to grow their business in Arizona.” they said on their website.
At the end of each challenge six companies are awarded $250,000 to help grow their business from early stage startup to the next level. The companies have to reach certain milestones over a 12 month period in order to receive each installment of the money.The purpose is to take each companies business and technology and commercialize it to create commerce and jobs in Arizona.
“Arizona ranks in the top five large states with the highest startup activity, and our finalists are an excellent indicator of the high level of entrepreneurial talent we have in our state,” said Arizona Commerce Authority president and CEO Sandra Watson. “The ACA is proud to support companies at the start of their growth cycle in commercializing their innovations.”
10 finalist companies will be narrowed down to the six winners at the end of the competition. Here are the 10 finalists as reported by the Phoenix Business Journal:
- Attribytes, a Chandler-based software provider connecting food service manufacturers and distributors to drive growth.
- ClickIPO, a Scottsdale-based mobile platform that allows users to discover and invest in initial public offerings of stock and secondary offerings.
- Codelucida, a Tucson-based startup, out of University of Arizona, that is commercializing error-correction technology for data storage and communications.
- Electric Torque Machines, a Flagstaff-based manufacturer of an advanced brand of electric motors.
- Hydronalix, a Green Valley-based innovator in the realm of maritime robotic systems.
- Naya Energy, a Phoenix-based expert in data-driven energy management technology, specializing in behind-the-meter demand reduction.
- Paradigm Diagnostics, a Phoenix-based developer of a genomic profiling test for cancer diagnosis.
- Prospectify, a Chandler-based startup that helps business-to-business salespeople identify the right companies to target, and the relevant contacts at those companies, while delivering messaging to them when they’re most likely to buy.
- Recruiting.Ai, a Scottsdale-based developer of an artificial intelligent personal recruiting assistant.
- Zero Mass Water, a Scottsdale-based, and Arizona State University spin-off, developer of solar panels that make water from vapor in the air.
These 10 companies were cut down from 25 semi-finalists at the end of March.