The Arizona Commerce Authority (ACA) today announced 25 semifinalists in the Fall 2015 round of the Arizona Innovation Challenge (AIC), a bi-annual business plan competition for promising early-stage companies in high-growth industries.

The ACA provides $3 million in grants – $1.5 million in the spring and $1.5 million in the fall – to the most qualified, innovative startups and early-stage companies. Recipients receive up to $250,000 each in capital to grow their businesses, advancing innovation and technology commercialization opportunities in Arizona.

Read full article here.