The Maricopa County Industrial Development Authority (MCIDA) has awarded a $1 million grant to the ASU Foundation for A New American University to create a venture capital fund. The fund will be invested in companies that benefit from ASU-supported accelerator programs, helping them take the next step in their development with early-stage manufacturing startup support. Accessing this early-stage risk capital will allow Arizona companies and entrepreneurs to create jobs and wealth. This is in keeping with the mission of the MCIDA: to create and maintain jobs within Maricopa County and help residents achieve a better standard of living and way of life.
To read the original article: ASU Foundation Awarded $1 Million for ASU-Accelerated Companies
