The Arizona Furnace Technology Transfer Accelerator (Furnace) is a competitive startup acceleration program designed to form, fund, and launch new companies that are built upon technologies and intellectual property licensed from Arizona’s premier research institutions. It offers over 100 compelling technologies from ASU, Dignity Health, Mayo Clinic, NAU and other research institutions that are easily searchable, understandable, and ready to be licensed and brought to market by new startup management teams. It also provides 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. In addition there will be a culminating Demo Day event for all supported ventures designed to facilitate follow-on funding deals, mergers, acquisitions, or accelerated sales and growth. Click here to read more.
If you are interested in applying to Furnace, or know someone who might be, please visit www.AZFurnace.org and take the following steps:
- Attend a Furnace information session between mid-September and late-October 2013.
- Assemble your management team and select one of the 100+ technologies available for commercialization.
- Apply for $25,000 in non-dilutive seed funding by November 12, 2013 at 11:00 am MST.
Finally, if you would like to have a Furnace representative speak with your organization, class, or management team about this amazing opportunity, please contact Valeria Andrews at Valeria.Andrews@asu.edu to schedule a visit today.