Arizona companies to receive grants to promote innovation and technologies

Category: News
Published: 2022-12-06
Arizona companies to receive grants to promote innovation and technologies

ARIZONA – The Arizona Commerce Authority (ACA) announced that 10 companies have been selected as winners of the Arizona Innovation Challenge 2022 (AIC), a program designed to promote innovation and technology commercialization opportunities in the state by helping early-stage companies grow.

The 10 companies will be added to the Arizona Innovation Challenge portfolio and will participate in the ACA’s Venture Ready Accelerator, which matches companies with serial entrepreneurs, senior executives and subject matter experts.

Participants will complete a series of panels and workshops in the 12 months following the award. The Accelerator will help startups refine their business plans, improve go-to-market execution strategies and increase investor readiness.

“Once again, the AIC 2022 awardees represent some of the most promising startups from across the country,” said Sandra Watson, President and CEO of the Arizona Commerce Authority.

This year’s award-winning companies include: CenSyn, Inc; EduFi; Glass Dyenamics; KeepWOL; Movement Interactive, Inc; My First Nest Egg; Padma Agrobotics; Paxauris; Sense Neuro Diagnostics; Terkel, Inc. Most of the companies, are dedicated to software in information technology, renewable energy and biomedical sciences.

Since 2011, the ACA has selected 125 AIC awardees from more than 2,000 applicants. Previous awardees include CampusLogic, Paradox, Trianual, TapRoot Interventions & Solutions,, Neolight and Qwick.

The 10 awardees were selected by the judges after presenting their companies in person to a panel of investors on November 17.

Following the conclusion of the judging rounds, all AIC applicants will have the opportunity to receive a consultation with the ACA to discuss their application and other potential resources available to help them improve their business plans.