What does it take to create incentives that advance local innovation and technology?
That urgent question is on the mind of economic developers all over the world today.
The answer is not simple. There will never be another Silicon Valley. But there is also no monopoly in regional leadership to support and promote promising technology ventures.
No region illustrates this better than the western U.S. state of Arizona. Its 2016 Innovation Challenge, sponsored by the Arizona Commerce Authority, has drawn 25 semi finalists to its business plan contest that seeks promising early-stage companies in high-growth industries. Awards range from $100,000 to $250,000 per company.
Image: http://www.thenextsiliconvalley.com
