CampusLogic Awarded $250,000 as Winner of Arizona Innovation Challenge
Phoenix, Ariz. (June 19, 2015) The Arizona Innovation Challenge (AIC) announced CampusLogic as a grant winner in the Spring 2015 competition yesterday. As a winner, CampusLogic will be awarded a $250,000 grant.
“The Arizona Innovation Challenge is an incredible program designed to recognize and support early stage companies that are making a difference and disrupting their industries,” said Gregg Scoresby, Founder and CEO of CampusLogic. “We value being part of Arizona’s entrepreneurial community and one of the top education technology clusters in the country.”
The Arizona Innovation Challenge was created by the Arizona Commerce Authority (ACA) to support early-stage companies and advance the innovation ecosystem and technology commercialization opportunities in the state. Eight rounds of the semi-annual competition have been completed, and more than 50 AIC grants have been awarded. Each year the ACA commits $3 million to the Challenge.
CampusLogic was one of 138 applicants who submitted business plans in the Spring 2015 Arizona Innovation Competition. A panel of expert judges narrowed the pool to 25 semifinalists in the first round and 10 companies in the final round by assessing a criteria including technology potential, marketing strategy, quality of management team and economic impact. Each of the 10 finalists then pitched to the judges, and CampusLogic was chosen as a winner to receive a $250,000 grant.
“Congratulations to the winners in this latest round of the Arizona Innovation Challenge,” said Sandra Watson, President and CEO, Arizona Commerce Authority. “As they commercialize their technology, these innovative companies will continue to create high-quality jobs that have a positive economic impact, and we’re thrilled to support them in that journey.”
Read more in the Arizona Commerce Authority press release here.
CampusLogic delivers SaaS solutions for colleges and universities that decrease administrative costs, lower security risk and dramatically improve the student experience. CampusLogic is transforming the way schools provide financial aid and other student services, disrupting the $41 billion higher education market with solutions that fundamentally change the way business is done.