Arizona Commerce Authority Announces Semifinalists in the Spring 2019 Arizona Innovation Challenge

 

PHOENIX, AZ (May 3, 2019) — The Arizona Commerce Authority (ACA) today announced 25 companies were selected as semifinalists in the Spring 2019 round of the Arizona Innovation Challenge.

 

The bi-annual business plan competition for promising early-stage companies in high-growth industries awards as many as ten recipients up to $150,000 in each round. The companies use the capital to grow their businesses, advance innovation and commercialize technology opportunities in Arizona. Awardees will also receive extensive mentoring and coaching through the ACA’s Venture Ready program.  

 

“Once again, the Arizona Innovation Challenge has attracted some amazing startups that promise to enhance the innovation ecosystem,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “I want to congratulate the semifinalists who were selected to continue on to the next round and wish them the best of luck!”

 

The 25 Spring 2019 Arizona Innovation Challenge Semifinalists include: 

Company

Industry 

Location

Additive Implants Inc.

Bio & Life Sciences

Phoenix, AZ

Admiral Instruments

Advanced Manufacturing

Phoenix, AZ

AdviNOW Medical

Bio & Life Sciences

Scottsdale, AZ

BrightGuest

IT - Software

Gilbert, AZ

CATS Tonometer, LLC

Bio & Life Sciences

Tucson, AZ

Cerebrum

Bio & Life Sciences

Chandler, AZ

Delta Thermal, Inc.

Cleantech/Renewable Energy

Tucson, AZ

Digitile

IT - Software

Phoenix, AZ

EnKoat

Cleantech/Renewable Energy

Tempe, AZ

EnPower, Inc.

Cleantech/Renewable Energy

Phoenix, AZ

Flip Investor, Inc

IT - Software

Scottsdale, AZ

Force Impact Technologies

IT - Hardware

Gilbert, AZ

Halen LLC

IT - Hardware

Mesa, AZ

Heads Up Health

IT - Software

Scottsdale, AZ

Innovative Construction Technology

IT - Software

Phoenix, AZ

LIGHTHOUSE

Bio & Life Sciences

Scottsdale, AZ

OptimumHQ

IT - Software

Mesa, AZ

OraVu

Bio & Life Sciences

Scottsdale, AZ

Reglagene Holding, Inc.

Bio & Life Sciences

Tucson, AZ

Remitter

IT - Software

Tempe, AZ

RVnGO

IT - Software

Scottsdale, AZ

SafKan, Inc.

Bio & Life Sciences

Tucson, AZ

SGNT INC

IT - Hardware

Tucson, AZ

Solid State Networks

IT - Software

Phoenix, AZ

TouchPoint Solution

Bio & Life Sciences

Scottsdale, AZ

 

Of the 94 applications received for the Spring 2019 round, all but two are Arizona companies. Applicants in California and Washington state also entered the competition. Most Arizona applications came from Scottsdale, Phoenix and Tucson.

 

The Spring 2019 semifinalist companies represent the following high-value sectors:

Sector

IT - Software

Count

9

Percentage

36%

Bio & Life Sciences

9

36%

Cleantech/Renewable Energy

3

12%

IT - Hardware

3

12%

Advanced Manufacturing

1

4%

 

The judges assessed each application on a set of criteria including technology potential, marketing strategy, quality of management team and economic impact. Every applicant that meets the Challenge’s eligibility requirements receives constructive feedback generated from the rigorous online evaluation and scoring process. Semifinalists will participate in another round of judging, and 15 finalists will be selected to continue on to the next round of the Challenge, of which ten will be selected for awards.

 

All awardees will participate in Venture Ready, the ACA’s mentor program that connects early-stage companies with high-level CEOs to further refine business plans and investor pitches. In order for the awardees to receive all of their grant funding, they will be required to successfully graduate from Venture Ready within 12 months.

 

Media Contact

Connie Weber, Arizona Commerce Authority, conniew@azcommerce.com

 

About the Arizona Commerce Authority

The Arizona Commerce Authority (ACA) is the state's leading economic development organization with a streamlined mission to grow and strengthen Arizona's economy. The ACA uses a three-pronged approach to advance the overall economy: attract, expand, create - attract out-of-state companies to establish operations in Arizona; work with existing companies to expand their business in Arizona and beyond; and help entrepreneurs create new Arizona businesses in targeted industries. For more information, please visit azcommerce.com and follow the ACA on Twitter at @azcommerce.