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Arizona Furnace Technology Transfer Accelerator Seeks Entrepreneurs for Second Cohort
Date:9/30/2013

Scottsdale, AZ (PRWEB) September 30, 2013

The Arizona Commerce Authority and BioAccel, in conjunction with ASU’s Entrepreneurship & Innovation Group, Arizona Technology Enterprises, Northern Arizona University, Dignity Health in Arizona and Mayo Clinic, invite entrepreneurs to apply for the second cohort of the Arizona Furnace Technology Transfer Accelerator.

The Arizona Furnace Technology Transfer Accelerator is a competitive startup acceleration program designed to form, fund and launch new companies that are built on technologies and intellectual property licensed from Arizona’s premier research institutions. Furnace is currently seeking new and seasoned entrepreneurs to accelerate the commercialization of Arizona’s best technology assets into viable entities. Interested parties are invited to attend one of Furnace’s statewide information sessions to learn more.

Launched in September 2012, Furnace aims to improve the technology-transfer process for public and private research institutions and make it easier for entrepreneurs to access research discoveries and intellectual property as the basis for new companies. Furnace offers several unique incentives for entrepreneurs and researchers to form a company and apply to the accelerator, including:

  •     More than 100 compelling technologies that are easily searchable, understandable and ready to be licensed and brought to market by new startup management teams.
  •     More than $100,000 in cash and services to winning management teams, including a $25,000 seed grant, nine months of complimentary incubation space and acceleration programming led by top industry mentors.
  •     A culminating Demo Day event for all supported ventures designed to facilitate fol
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