Tag Archives: Arizona Innovation Challenge

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Telemedicine startup eVisit quickly hits funding goal

eVisit®, a physician-first telehealth software company based in Phoenix, AZ, has successfully filled their $1 million Seed Round of fundraising in under 7 months. Offering a telehealth solution that allows healthcare providers to treat their patients remotely via an online, secure, video chat platform, eVisit is quickly becoming a premier healthtech startup. The company has grown to 13 employees in just the last 6 months and was recently named a finalist in the Arizona Innovation Challenge.

“How quickly we were able to attract capital says a lot about how our team has executed on the vision of eVisit,” says Bret Larsen, eVisit Co-founder and CEO. “I’ve consulted and been a part of many other startups. Being able to attract $1 million in funding in 7 short months is an incredible testament to our team and product.”

In the fast-growing field of telemedicine, eVisit continues to stand out as a disruptor to the platform and care model typical of the telehealth industry. Combining the expertise from leaders in the tech, medical, and business fields, the eVisit platform takes the best of user-design from the tech field and combines it with first- hand knowledge of physicians’ workflows. It’s the only physician-first solution on the market.

“One of the reasons I think we were able to complete our funding round so quickly was the interest we were seeing from doctors,” says eVisit co-founder, Dr. Glen McCracken. “Many people within and outside the healthcare field realize we need to change something to make care delivery simpler for both providers and patients. We’re offering a solution that does just that, while reinforcing the doctor-patient relationship.”

Key investors of eVisit include Alan Ram, Founder of Alan Ram’s Proactive Training Solutions, Chris Reap, Investor at Northstar Capital, LLC, and Sam Blackham, an SaaS Advisor and Investor.

“I saw eVisit’s strength the first time I met the team and saw the technology perform flawlessly,” says Ram. “The eVisit team has not only created a no-brainer solution for medical professionals, but the patients they serve. This is telemedicine taken to a whole new level!”

eVisit plans to use funding from their seed round to continue to enhance their telemedicine platform, as well as ramp up sales and marketing efforts. With this financial support, the company is on track as the leading provider of telemedicine software made by physicians, for physicians.

technology

ACA announces spring Innovation Challenge winners

The Spring 2015 round of the Arizona Innovation Challenge culminated today as the Arizona Commerce Authority (ACA) announced the six winning companies. These grant recipients represent early-stage Arizona companies that are creating innovative technological solutions with the potential for significant economic impact. 

The Spring 2015 Arizona Innovation Challenge Grant Recipients are:

• CampusLogic – Gilbert, AZ (IT – Software): CampusLogic’s cloud-based software solutions are the TurboTax of higher education financial aid administration. Its suite of products saves time, cuts costs, and increases student satisfaction.

• eVisit – Gilbert, AZ (IT – Software): eVisit is physician-first software platform that enables physicians and providers to increase revenue and quality of care by providing online treatment, billing and e-prescription solutions, and daily patient health data and analytics.

• RBar Energy – Tucson, AZ (Advanced Manufacturing): RBar Energy utilizes high-pressure and high-moisture manufacturing techniques for food made with all natural ingredients. 

• RevolutionParts, Inc. – Tempe, AZ (IT – Software): RevolutionParts is a highly-specialized software-as-a-service (SaaS) solution that makes it easy for automotive dealerships to sell factory car parts online.

• RightBio Metrics – Scottsdale, AZ (Bio & Life Sciences): RightBio Metrics’ three pH measurement devices (RightSpot pH Indicator, RightSpot Infant pH Indicator, and RightLevel pH Detector) allow clinicians to safely and accurately obtain a pH measurement of aspirate from NG feeding, suction, and PEG tubes. 

• Swimlane – Tempe, AZ (IT – Software): Swimlane is a platform that allows enterprises and government agencies to streamline and automate their security operations and incident response.

A panel of expert judges evaluated 138 applications for the Spring 2015 AIC round, from companies based in Arizona, California, Massachusetts, Texas and Wisconsin. Each company was assessed on a set of criteria including technology potential, marketing strategy, quality of management team and economic impact. These companies represent high-value industry sectors that include IT software, IT hardware, bio and life sciences, cleantech/renewable energy, advanced materials, advanced manufacturing, and aerospace and defense. In June 2015, a total of 10 finalists were named in this round.

“Congratulations to the winners in this latest round of the Arizona Innovation Challenge,” said Sandra Watson, President and CEO, Arizona Commerce Authority. “As they commercialize their technology, these innovative companies will continue to create high-quality jobs that have a positive economic impact, and we’re thrilled to support them in that journey.”

 

Arizona is nationally recognized as a top state for entrepreneurial activity due to the strength of its innovation ecosystem, which includes programs such as the AIC that support early-stage companies. Under the Arizona Commerce Authority, eight rounds of the AIC have been completed and more than 1,400 applications received for the program since 2011. Including the most recent Spring 2015 recipients, the ACA has awarded 50 AIC grants to Arizona’s entrepreneurs to help them accelerate their businesses and advance technologies.

regional planning agency

ACA names finalists for Innovation Challenge

The Spring 2015 round of the Arizona Innovation Challenge (AIC) continues as the Arizona Commerce Authority (ACA) announced 10 finalists in its bi-annual business plan competition, which awards $3 million annually to talented entrepreneurs.

Each year, the ACA awards $1.5 million in the spring and $1.5 million in the fall to the most qualified, innovative early-stage companies. Recipients receive up to $250,000 in capital to grow their businesses – advancing innovation and technology commercialization opportunities in Arizona. The ACA’s engagement with early-stage companies through its suite of targeted programs such as the AIC continues to spur growth and capital investment within Arizona’s innovation ecosystem.

The 10 Spring 2015 Arizona Innovation Challenge finalists are as follows:

  • Campus Logic, IT – Software , Gilbert
  • Revolution Parts, Inc.. IT – Software, Tempe
  • eVisit, IT – Software, Gilbert
  • Beacon Biomedical, Bio & Life Sciences, Scottsdale
  • Higgle, IT – Software, Scottsdale
  • NVI Algae, Bio & Life Sciences,  Phoenix
  • eMoney Pool, IT – Software, Phoenix
  • Swimlane, IT – Software, Tempe
  • RBar Energy, Advanced Manufacturing, Tucson
  • RightBio Metrics, Bio & Life Sciences, Scottsdale

A panel of expert judges evaluated 138 applications for the Spring 2015 AIC round, from companies based in Arizona, California, Massachusetts, Texas and Wisconsin. Each company was assessed on a set of criteria including technology potential, marketing strategy, quality of management team and economic impact. These companies represent high-value industry sectors that include IT software, IT hardware, bio and life sciences, cleantech/renewable energy, advanced materials, advanced manufacturing, and aerospace and defense. In May 2015, a total of 25 semifinalists were named in this round.

Every applying company that meets the AIC’s eligibility requirements receives constructive feedback generated from the rigorous online evaluation and scoring process. All 25 semifinalists are considered for participation in Venture Ready, the ACA’s mentor program that connects early stage companies with high-level CEOs to further refine business plans and investor pitches.

Arizona Commerce Authority awards grants to innovators

The Arizona Commerce Authority (ACA) today announced the six winning companies in its Fall 2014 Arizona Innovation Challenge (AIC). These grant recipients represent innovative Arizona entrepreneurs who are creating technological solutions with the potential for global impact.

The Fall 2014 Arizona Innovation Challenge Grant Recipients are:

·       Iris PR Management – Phoenix, AZ (IT – Software): Iris PR Management is the developer of the first core management system for the public relations industry. The SaaS platform enables PR teams to manage and automate all of their daily activity, streamline efficiencies, measure performance and prove value. No other software solution for the PR industry addresses these core needs.

·       Iron Horse Diagnostics, Inc. – Scottsdale, AZ (Bio & Life Sciences): Iron Horse Diagnostics is the creator of a diagnostic platform for neurological traumas and diseases. The company’s tests support the diagnosis and management of amyotrophic lateral sclerosis (ALS), referred to as Lou Gehrig’s disease, as well as traumatic brain injury, concussions and other neurological diseases.

·       NuvOx Pharma – Tucson, AZ (Bio & Life Sciences): NuvOx Pharma is the creator of a therapeutic biotechnology for improving oxygen delivery in the bloodstream to help treat life threatening conditions, including radiation-resistant cancers. The nanotechnology platform is based on dodecafluoropentane (DDFPe) nano-emulsion, which transports hundreds of times more oxygen per dose than other materials.

·       Park Genius – Tucson, AZ (IT-Software): Park Genius is the developer of a mobile application allowing motorists to conveniently pay for parking using their smartphone. The software solution also gives parking providers a cost-efficient way to process cashless payments for their parking operations and avoid the need to purchase new and expensive hardware designed to accept credit cards.

·       Pure Chat – Scottsdale, AZ (IT-Software): Pure Chat is the developer of a live chat solution for websites that helps businesses connect to their customers from anywhere.

·       Spotlight Software – Peoria, AZ (IT-Software): Spotlight Software is the developer of a SaaS-based sales performance management platform. It is the only remote sales performance optimization tool that tracks and measures individual behavior and soft skills to drive the actionable insight required to build a high-performance sales team.

A panel of expert judges evaluated 154 applications from the Fall 2014 AIC submitted by companies based in Arizona, California, Colorado, New Mexico, Ohio, West Virginia and Virginia. The judges assessed each application on a set of criteria including technology potential, marketing strategy, quality of management team and economic impact. These companies represent high-value industry sectors that include IT software, IT hardware, bio and life sciences, cleantech/renewable energy, advanced materials, advanced manufacturing, and aerospace and defense.

“Congratulations to our newest AIC winning companies. They demonstrate the innovative spirit and next-generation thinking that make Arizona one of the top hubs for entrepreneurial excellence in the nation,” said Sandra Watson, President and CEO, Arizona Commerce Authority.

Under the Arizona Commerce Authority, seven rounds of the AIC have been completed and more than 1,200 applications received for the program since 2011. Including the Fall 2014 recipients, the ACA has awarded 44 AIC grants to Arizona’s entrepreneurs to help them accelerate their businesses and advance technologies, which are diversifying Arizona’s innovation economy.

Jane Poynter, CEO of Tucson-based World View Enterprises, a Spring 2014 AIC grant recipient knows the importance of Arizona’s support of its startup community. Her company develops and manufactures high-altitude balloon technology that provides trips to near space for tourism, R&D and industry uses. World View’s unmanned balloons carry payloads for communications, surveillance, research, and launching microsatellites.

“Winning an AIC award last spring represented a key milestone for our company as well as for our relationship with Arizona,” said Poynter. “We are using our grant to begin standing up our balloon manufacturing facility. It is a key enabler for our company, and affirms that Arizona is interested in supporting innovation and the creation of manufacturing jobs in the state.”

technical education career training looking at petri dish

ACA names Arizona Innovation Challenge finalists

The Arizona Commerce Authority (ACA) today announced 10 finalists in the Fall 2014 Arizona Innovation Challenge (AIC), its bi-annual business plan competition that awards talented entrepreneurs who are solving today’s most challenging problems with technology-based solutions.

Each year in the spring and fall, the ACA awards to the most qualified, innovative startups and early stage companies capital to grow their businesses, advancing innovation and technology commercialization opportunities in Arizona.

The 10 Fall 2014 Arizona Innovation Challenge finalists include:

• CampusLogic, IT – Software, Gilbert
• Dermspectra LLC, Bio & Life Sciences, Tucson
• Energy Conservation Mgmt., Cleantech/Renewable Energy, Scottsdale
• Iris PR Management, IT – Software, Phoenix
• Iron Horse Diagnostics, Inc., Bio & Life Sciences, Scottsdale
• NuvOx Pharma, Bio & Life Sciences, Tucson
• Park Genius, IT – Software, Tucson
• Pure Chat, IT – Software, Scottsdale
• RightBio Metrics, Bio & Life Sciences, Scottsdale
• Spotlight Software, IT – Software, Peoria

A panel of expert judges evaluated 154 applications from the Fall 2014 AIC, assessing each on a set of criteria including technology potential, marketing strategy, quality of management team and economic impact. These companies represent high-value industry sectors that include IT software, IT hardware, bio and life sciences, cleantech/renewable energy, advanced materials, advanced manufacturing, and aerospace and defense.

Every applying company that meets the AIC’s eligibility requirements will receive constructive feedback generated from the rigorous online evaluation and scoring process. Last December, a total of 25 semifinalists were named and will be considered for participation in Venture Ready, the ACA’s mentor program that connects early stage companies with high-level CEOs to further refine their business plans and investor pitches.

The ACA will name its Fall 2014 Arizona Innovation Challenge winning companies later this month.

internet

ACA names Arizona Innovation Challenge semifinalists

The Arizona Commerce Authority (ACA) today announced 25 semifinalists in its Fall 2014 Arizona Innovation Challenge (AIC), a bi-annual business plan competition awarding $3 million annually to talented entrepreneurs.

Each year, the ACA awards – $1.5 million in the spring and $1.5 million in the fall – to the most qualified, innovative startups and early-stage companies. Recipients receive up to $250,000 in capital to grow their businesses, advancing innovation and technology commercialization opportunities in Arizona.

“We congratulate the forward-thinking entrepreneurs selected as our newest AIC semifinalists,” said Sandra Watson, President and CEO, Arizona Commerce Authority. “Arizona’s engagement with early-stage companies through its suite of targeted programs continues to spur growth, technology commercialization and capital investment within Arizona’s innovation ecosystem. With more than 1,200 applications received for the AIC since 2011, the program continues to be among the many opportunities available to innovators which have made Arizona a top hub for entrepreneurial activity and startup success.”

The 25 Fall 2014 Arizona Innovation Challenge Semifinalists include:

• Adosia, LLC, IT – Software, Tempe, AZ
• Allbound, IT – Software, Scottsdale, AZ
• Cactus Semiconductor, Advanced Manufacturing, Chandler, AZ
• CampusLogic, IT – Software, Gilbert, AZ
• Crowd Mics, IT – Software, Mesa, AZ
• Dermspectra, LLC, Bio & Life Sciences, Tucson, AZ
• Energy Conservation Mgmt., Cleantech/Renewable Energy, Scottsdale, AZ
• EZ Dump Commercial, Advanced Manufacturing, Phoenix, AZ
• HiringSolved, IT – Software, Chandler, AZ
• Iris PR Management, IT – Software, Phoenix, AZ
• Iron Horse Diagnostics, Inc., Bio & Life Sciences, Scottsdale, AZ
• MWI Laboratories, Advanced Materials, Tempe, AZ
• Next Alternative, Inc., Cleantech/Renewable Energy, Chandler, AZ
• Numa Tactical Eyewear, Advanced Materials, Phoenix, AZ
• NuvOx Pharma, Bio & Life Sciences, Tucson, AZ
• Park Genius, IT – Software, Tucson, AZ
• PoG Technologies, LLC, Cleantech/Renewable Energy, Peoria, AZ
• Pure Chat, IT – Software, Scottsdale, AZ
• RightBio Metrics, Bio & Life Sciences, Scottsdale, AZ
• Salutaris Medical Devices, Inc., Bio & Life Sciences, Tucson, AZ
• Sentinel Internet Systems, IT – Software, Phoenix, AZ
• Smart Service Desk, IT – Software, Chandler, AZ
• Spotlight Software, IT – Software, Peoria, AZ
• Universal Bio Mining, Bio & Life Sciences, Tucson, AZ
• Zero Shock Seating, Advanced Manufacturing, Chandler, AZ

A panel of expert judges evaluated 154 applications from the Fall 2014 AIC submitted by companies based in Arizona, California, Colorado, New Mexico, Ohio, West Virginia, and Virginia. The judges assessed each application on a set of criteria including technology potential, marketing strategy, quality of management team and economic impact. These companies represent high-value industry sectors that include IT software, IT hardware, bio and life sciences, cleantech/renewable energy, advanced materials, advanced manufacturing, and aerospace and defense.

Every applying company that meets the AIC’s eligibility requirements will receive constructive feedback generated from the rigorous online evaluation and scoring process. All semifinalists also will be considered for participation in Venture Ready, the ACA’s mentor program that connects early stage companies with high-level CEOs to further refine business plans and investor pitches.

The ACA will name its Fall 2014 Arizona Innovation Challenge finalists in early January and the winners later that same month.

ACA FAST Grants promote growth

ACA Awards FAST Grants To Small Businesses

This week 25 small businesses were awarded $184,832 in FAST Grants by the Arizona Commerce Authority. The ACA hopes that this will initiate the commercialization process. The grants ranged from $5,000 to $7,500 for each company and may be used toward reviews of technology, commercialization feasibility studies and commercializations assistance.

According to the president and CEO of the Arizona Commerce Authority Don Cardon, “This is a seed investment the ACA is making towards startup companies which we believe will assist the company advance in the crucial steps towards bringing the idea to the market place.” Don Cardon states that he is pleased with the amount of responses received for the program and believes that they are a promising glimpse into the future of Arizona.

Since 2008, Arizona has seen a 57 percent increase in entrepreneurial activity, ranking 5th in the U.S. for business start-ups. Programs such as the ACA’s FAST Grants awards have been crucial in the advancement of small businesses.

Executive director Laura Tyler of Stimwave Technologies Inc. said, “We are so thankful to the AZ Commerce Authority for their support of Stimwave’s efforts in expanding the reach of our innovative wireless neuromodulation platform.” Tyler also added that the grant will allow Stimwave to complete market investigations and device planning as well as local research partners like TGen/TD2 and Barrow’s Neurological Institute. This will further their ability to provide effective and minimally invasive therapies for cancer and brain disorder patients.

The co-founder and chief technology officer of Acudora, Inc. stated that the grant will be used to assist their continued commercialization efforts. Mark Banister, founder and chief technology officer of Medipacs said, “This grant will provide Medipacs the ability to finish market research and our product launch plan for a medipacs device that can be launched in the Veterinary market late this year. This product will help build value for our investors and jobs for Arizona.”

Besides awarding FAST Grants, the ACA also secured $18.2 million for the Arizona Innovation Accelerator Fund — A fund that helps stimulate business growth, capital investment and the creation of jobs in Arizona. The ACA’s second Arizona Innovation Challenge is also underway and semi-finalists will be announced in early March.

2012 Arizona FAST Grant Recipients
Acudora, Tucson, $7,500
Arbsource, Tempe, $7,500
Arizona Cancer Therapeutics, Tucson, $7,500
Castle Biosciences, Inc., Phoenix, $7,500
Colnatec, Gilbert, $7,500
Cyclone ADG, LLC, Tucson,$7,500
Earth Knowledge, Tucson, $7,440
ECOmplete, LLC, Chandler, $7,500
Fennova Corp., Tucson, $5,000
inXsol, Phoenix, $7,500
Kinetic Muscles, Inc., Tempe, $7,500
Latitude Engineering, LLC, Tucson, $7,440
Medipacs, Inc., Tucson, $7,500
MSDx, Inc., Tucson, $7,500
NEST Energy Services, Prescott Valley, $7,500
Power Gold, Phoenix, $7,500
Prime Solutions Group, Goodyear, $7,500
Provista Diagnostics, Inc., Phoenix, $7,500
Quaesta Instruments, LLC, Tucson, $7,452
Reply Buy, Inc., Scottsdale, $7,500
Science Tomorrow, LLC, Phoenix, $7,500
Serious Integrated, Chandler, $7,500
Siegel Consulting, LLC, Scottsdale, $7,500
Stimwave Technologies, Inc., Scottsdale, $7,500
VisionGate, Phoenix, AZ, $7,500

For more information on the Arizona Commerce Authority and its current projects visit azcommerce.com