The competition, which is put on by the Arizona Commerce Authority, awards qualified startups and early stage companies with up to $250,000 in grant funding capital to grow their business.
The Arizona Commerce Authority holds the competition twice a year and gives out $3 million annually. The companies that receive a portion of that money are obligated to commercialize their technology and produce revenue within the next year. All semifinalists will also be considered for participation in Venture Ready, the ACA’s mentor program that connects early stage companies with high-level CEOs and serial entrepreneurs to further refine their business plans.
Applications are being accepted until 3:00 p.m. MST on March 28, 2014.