THIS SECTION IS SUPPORTED BY THE ARIZONA COMMERCE AUTHORITY
FAST Grants
25 small businesses awarded funds to help them succeed
DID YOU KNOW? Through a suite of programs, including the FAST Grants, the Arizona Commerce Authority is providing valuable tools to help small businesses and start-ups advance in our economy and ultimately ignite job creation in the state. This has helped start-ups become the lifeblood of Arizona’s economy and serve as a prime engine of economic growth. This also has resulted in Arizona: • Ranking fi fth in the nation for business start-ups.
To help continue this momentum, the ACA: • Will award $3 million for the Arizona Innovation Challenge in 2012 to promising start-ups. • Secured $18.2 million from the U.S. Department of Treasury’s Small Business Credit Initiative for debtfinancing. • Administers the $800,000 State Trade and Export Initiative to increase Arizona businesses export opportunities. + GET CONNECTED www.azcommerce.com and click on “Incentives”
2012 ARIZONA FAST GRANT RECIPIENTS
Acudora (Tucson) Arbsource (Tempe) Arizona Cancer Therapeutics (Tucson) Castle Biosciences, Inc. (Phoenix) Colnatec (Gilbert) Cyclone ADG, LLC (Tucson) Earth Knowledge (Tucson) ECOmplete, LLC (Chandler) Fennova Corp. (Tucson) inXsol (Phoenix) Kinetic Muscles, Inc. (Tempe) Latitude Engineering, LLC (Tucson) Medipacs, Inc. (Tucson) MSDx, Inc. (Tucson) NEST Energy Services (Prescott Valley) Power Gold (Phoenix) Prime Solutions Group (Goodyear) Provista Diagnostics, Inc. (Phoenix Quaesta Instruments, LLC (Tucson) Reply Buy, Inc. (Scottsdale) Science Tomorrow, LLC (Phoenix) Serious Integrated (Chandler) Siegel Consulting, LLC (Scottsdale) Stimwave Technologies, Inc. (Scottsdale) VisionGate (Phoenix
THE aEROSPaCE & DEFENSE iSSuE
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• Experiencing a 57 percent increase in entrepreneurial activity since 2008. • Ranking sixth in the nation as a top entrepreneurship and innovation state. • Ranking in the Top 10 in small business lending. • Securing the expansion of Silicon Valley Bank, the country’s premier lending institution for venture capitalists.
TECHCONNECTmag.COm
he Arizona Commerce Authority (ACA) awarded $184,832 in FAST Grants to 25 Arizona small businesses to help them initiate their commercialization processes. The awards, which range from $5,000 to $7,500 per company, can be used toward services that include technology reviews, commercialization feasibility studies, and commercialization assistance such as training or preparation for federal grant submissions.
