Startup PHX Challenge, as part of Phoenix Startup Week, had over 100 companies compete to win six months of free office space in the Monroe Building located in downtown Phoenix.
In the end, Allbound, a SaaS sales and marketing software startup, won the space with neighbors such as UBER, Inspire Data Solutions and Cannon Design.
Each of the applicants had to submit a business overview online, and then some were chosen for phone interviews.
“We couldn’t be happier to be moving to downtown Phoenix. With ASU and UA, the light rail, more and more technology companies, and a growing entertainment and restaurant district, it’ll be great for our culture, our recruiting and our customers,” Founder and CEO of Allbound Scott Salkin said.
Every dollar counts for a startup, “It saves us probably around $30,000,” Salkin continued.
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Allbound’s subscription model is built to extend the power of partnerships from startups to Fortune 500’s. The cloud-based SaaS platform has raised $200,000 in seed funding.
“They are a wonderful addition to the growing number of transformative startups in downtown Phoenix,” Phoenix City Councilman Daniel Valenzuela said. “Innovators and entrepreneurs like Allbound are the economic engine that will drive our economy into the 21st century.”
The prize includes a fully-furnished 1,200 square foot, 12th floor office space with office furniture.
“We were looking to award free office space to the startup that would benefit the most and contribute significantly in accelerating the firm to the next level,” Tim O’Neill, part of the ownership group behind 111 W. Monroe, said. “Our selection panel was thoroughly impressed by Allbound’s business plan, momentum, and early success.”
Allbound was founded in July 2014 by Scott Salkin and Kyle Burnett. The company was in North Scottsdale prior to the move. Allbound currently has a staff of seven, but is hiring for four to five different positions.
The locally-owned Monroe Building has become a big spot for the growing entrepreneurial ecosystem, attracting tech, design, and culinary arts companies.
“It was a big move for us, going to a completely different area of the Valley, but we’ve loved it so far,” Salkin said. “The plan is to stay down here.”
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Photos courtesy of Allbound
