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Building Innovation

Arizona strives to build and maintain healthy climates in the nanotechnology, aerospace and defense, and bioscience industries. To this end, the state nurtures growth and creates school programs that inspire the next generation to become leaders in these fast moving, cutting edge fields.

Read more about the bioscience industryRead more about the nanotechnology IndustryRead more about the aerospace industry

Leadership in these industries is no accident. These successes have been cultivated through strategic partnerships and policy decisions.

The Arizona Commerce Authority (ACA) is the state’s leading economic development organization. The ACA fulfills its mission to strengthen Arizona’s economy by deploying a three-pronged approach: Recruit, Grow, Create. Out of state companies are recruited to expand their operations in Arizona, existing companies are coached to grow their businesses, and start-ups are carefully fostered to create jobs in targeted industries.

Arizona Innovation Challenge, sponsored by the Arizona Commerce Authority.

To help Arizona attract and keep technology companies, the ACA offers strategic partnerships, economic incentives, and comprehensive workforce training programs.

In 2011 the Arizona Commerce Authority created the Arizona Innovation Challenge, a contest that awards millions of dollars in grant money to promising technology ventures. The Arizona Innovation Challenge is an investment in the minds of talented entrepreneurs in Arizona and around the world. In 2011, the ACA received more than 100 proposals from start-up companies, awarding eight companies grants ranging from $100,000 to $250,000. Winners are creating products and services that push the boundaries of existing technology and are likely to add a number of exciting high-tech jobs to Arizona’s growing network. The future is looking bright!

Industry Helpers

The Arizona Nanotechnology Cluster is a nonprofit organization that shares technological advances and promotes business development in nanotechnology. This trade group supports K–20 education by robust outreach programming, including lecturers and resources that encourage participation in STEM activities like Future Cities of America, High Tech U, and Central Arizona Regional Science and Engineering Fair. The Maricopa Advanced Technology Education Center, a program of Maricopa Community Colleges, introduces high school students to the semiconductor manufacturing industry.

BioAccel, the Flinn Foundation, and Arizona Bioindustry Association support a healthy biotech industry by cultivating partnerships that can develop sound research and breakthroughs in treatment and technology into businesses. These businesses can provide valuable advancements in patient care, which can in turn be used to provide optimal health care in Arizona’s health and wellness facilities.