The Arizona Commerce Authority and BioAccel are collaborating on a statewide accelerator program, dubbed AZ Furnace, that encourages entrepreneurs from across the country to commercialize innovations developed within Arizona’s universities and other research institutions.
ACA will commit up to $400,000 in seed funding, and BioAccel will match up to $150,000 for the program.
“AZ Furnace is a game-changer in tech transfer and acknowledges that intellectual property generated by our state’s research institutions represents enormous economic value,” said Sandra Watson, interim president and CEO of the Commerce Authority. “The ACA is thrilled to join this collaboration to further foster business creation.”
To read the full, original article click on this link: Arizona Commerce Authority helps to launch AZ Furnace accelerator program - Phoenix Business Journal
