Two dozen organizations come together to form Arizona Venture Alliance
The goal is to make the Grand Canyon State the top state in the nation for start-ups and investors.
Roughly two dozen investors, founders, and economic development and nonprofit leaders came together before the holidays to launch a new coalition dedicated to advancing Arizona’s start-up ecosystem.
Named the Arizona Venture Alliance (AVA), the group will work to promote Arizona’s start-up and investor ecosystem, exponentially increase funding for Arizona start-ups, and grow deal flow for investors both inside and outside Arizona.
At a charter signing event held at the Arizona Commerce Authority, the founding members of the AVA expressed their commitment to making Arizona the #1 state in the nation for start-ups and investors.
The strategic goals of the AVA within the next three years include:
- Supporting five unicorns (Arizona start-ups valuated at $1 billion);
- Relocating more than 50 start-ups to Arizona; and
- Catalyzing at least $500 million in private investment to Arizona start-ups.
To learn more about the founding members, click on this news release.
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