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iHub By Joseph / August 2, 2012

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

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Speaking of unorthodox ways to find funding, the following is a great example: 

Having read  Ushahidi Co-Founder’s Erik Hersman’s article: From Kenya to Madagascar: The African Tech Hub Boom , Hank Marshall from the Arizona 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…I fully recognize Africa’s potential and I am a huge advocate of innovation diplomacy. I wanted to bring [.. ] attention to the leading Innovation Grant Program run in the US – operated by the Arizona Commerce Authority. It is called the Arizona Innovation Challenge. We give away $3 million a year ($1.5 million every 6 months) to innovative companies. We believe innovations is not just the future, it is also the future for Arizona. … 

…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 applicants and 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.

Author : Joseph

A USIU trained journalist & an aspiring animator Joseph thrives behind the camera. He is a still photography and videography aficionado. Joe is currently the director/editor behind African Tech Bits, an iHub production that features start ups in the tech scene. This Canonite can mostly be seen at the iHub in the company of his Canon 550D.


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