News Ticker

Mesa to Open High-Tech Business Accelerator

By Garin Groff for East Valley Tribune

Mesa plans to open a business accelerator later this year to help technology start-ups become full-fledged, job-producing businesses.

The accelerator will be at the Arizona State University Polytechnic campus and next door to AzLabs, a Mesa-owned laboratory that focuses on defense and security research. The city expects to lure start-ups that can take advantage of the labs, equipment and the high-tech professionals surrounding it, said Shea Joachim, Mesa’s economic development project manager.

The city plans to lease 6,400 square feet in an ASU building across the street from the passenger terminal at the Phoenix-Mesa Gateway Airport. Mesa has a $72,000 budget to renovate space and conduct a year of programs. The city wants to create space for networking and create an environment where start-ups have access to experts in law, accounting, human resources and other specialties not related to core business functions.

Mesa anticipates joining AZ Core Labs, a consortium of equipment labs across Arizona that provides equipment for a fee to incubators, industry professionals and university researchers. That will let Mesa get the incubator started at a low cost while still providing access to scientific equipment as needed, he said.

Mesa will join several other cities in sponsoring a business incubator. They include a substantially larger incubator focusing on science and technology called Chandler Innovations, one that focuses on a variety of industries at Gateway Community College and a recently-approved medical device incubator in Peoria.

Read more at EastValleyTribune