$7,500 Grants Available for Small Tech Companies to Commercialize New Technology

December 23, 2011

Small technology companies are eligible to apply for up to $7,500 in Arizona Commerce Authority grants to start the commercialization process for new technology.

This pool of $175,000 in AZ Fast Grant money is targeted toward the areas of science/technology, aerospace/defense or renewable energy.

The company is required to have a physical presence in Arizona, have fewer than 30 employees and gross revenues of $2 million or less.

The Downtown Tucson Partnership will help entrepreneurs apply for these grants. Contact Pam Sutherland at 837-6508 or econdev@downtowntucson.org.

Application deadline is January 16.

The grant will pay up to $7,500 to provide one or more of the following professional consulting services:

• An expert review of the technology under development to determine if it already exists, is a good candidate for intellectual property protection and is likely to find an attractive market.

• A feasibility study to identify showstoppers to commercialization before resources are spent commercializing a technology that is unlikely to succeed.

• Other assistance such as training or preparation for the submission of a federal SBIR/STTR grant application or another acceptable means of technology commercialization.