By Patrick O'Grady
Five Arizona companies will get seed money from a pool of $1.5 million given out in an Arizona Commerce Authority program designed to reward innovation.
The companies are among more than 100 that submitted applications to the program last year. Each of the five will receive between $100,000 and $250,000.
The recipients are:
ColnaTec LLC, a Gilbert company developing sensors used in the semiconductor and solar industries.
Sedona Energy Labs with operations in Flagstaff and Sedona that develops solar tracking systems.
MSDx Inc., a Tucson medical company that developed a test allowing biomarkers to track the progression of multiple sclerosis.
TruckItNow Transportation, a logistics company in Tucson that ships items around the country.
BioVidria Inc., a University of Arizona spinoff in Tucson that has developed surface technology for labware that aids in genetic research
The funding is intended to help companies continue research and development while moving toward a commercialized project, said Don Cardon, president and CEO of the ACA.
Five Arizona companies will get seed money from a pool of $1.5 million given out in an Arizona Commerce Authority program designed to reward innovation.
The companies are among more than 100 that submitted applications to the program last year. Each of the five will receive between $100,000 and $250,000.
The recipients are:
ColnaTec LLC, a Gilbert company developing sensors used in the semiconductor and solar industries.
Sedona Energy Labs with operations in Flagstaff and Sedona that develops solar tracking systems.
MSDx Inc., a Tucson medical company that developed a test allowing biomarkers to track the progression of multiple sclerosis.
TruckItNow Transportation, a logistics company in Tucson that ships items around the country.
BioVidria Inc., a University of Arizona spinoff in Tucson that has developed surface technology for labware that aids in genetic research
The funding is intended to help companies continue research and development while moving toward a commercialized project, said Don Cardon, president and CEO of the ACA.
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