2010 arizona commerce authority (ACA) innovation grant program

The Arizona Commerce Authority has announced the 2010 Arizona Commerce Authority (ACA) Innovation Grant Program

The Innovation Grant Program is intended to foster the growth of early-stage tech ventures in the state by bridging the financing gap between research and development and commercial launch of promising technology. $1.5 million of American Recovery and Reinvestment Act (ARRA) funds are available for grants ranging from $100,000 - $250,000. Commercialization grants will be awarded to small (less than 30 employees), early-stage companies in Arizona’s targeted manufacturing export industries - renewable energy and sustainability, bio and life sciences, electronics, information technology, aerospace and defense, and advanced manufacturing.

Applications are due no later than 5:00 PM, December 23, 2010. Applicants must propose a complete project plan to commercialize their technology solution by September 30, 2011.

Please see http://www.azcommerce.com/busasst/incentives/10innovgrants for more information.