Arizona Commerce Authority announces winners of Spring 2012 Arizona Innovation Challenge

SIX TECHNOLOGY START-UPS WIN THE SPRING 2012 ARIZONA INNOVATION CHALLENGE

Congratulations to these six companies for their entrepreneurial spirit, their innovation and for their courage.  The six winners were:

Agave Semiconductor
Phoenix, AZ
CEO: Dr. Robert Brannen, PhD
Agave Semiconductor’s technology optimizes the energy efficiency of electric motors, including applications in portable medical devices and cloud server fans.

Cancer Prevention Pharmaceuticals
Tucson, AZ
CEO: Jeffrey Jacob
CPP is a pharmaceutical company developing cancer prevention therapies to reduce the risk of cancer for people with

elevated risk.

HJ3 Composite Technologies
Tucson, AZ
CEO: James Butler
HJ3 produces carbon fiber reinforced polymer products used to repair the failing infrastructure worldwide.

Kutta Radios
Phoenix, AZ
President: Matthew Savoca
Kutta Radios provides next generation radio products to mine operators and first responders to enhance their communications capability, especially in times of emergency.

MaxQ Technologies
Chandler, AZ
CEO: Memo Romero
MaxQ manufactures advanced liquid cooled coldplates used to cool power converter systems in several markets, including renewable energy.

Wholesalefund
San Francisco, CA (relocating to Metro Phoenix, AZ)
CEO: Dave Albertson
Wholesalefund has a proprietary technology platform that helps consumer packaged goods manufacturers get quality products on store shelves more quickly and easily.

The six winning companies will be required to commercialize their technology and generate revenue within one year of the award.

The Arizona Innovation Challenge is the largest financial prize of its kind in the country. It advances innovation and technology

commercialization opportunities in Arizona by supporting early stage ventures in Arizona’s targeted industries of renewable energy and sustainability, bio and life sciences, electronics, information technologies, aerospace and defense and advanced manufacturing. The ACA will award a total of $3 million to deserving start-ups in 2012. The Fall 2012 Arizona Innovation Challenge will begin accepting applications on August 15, 2012.

 

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