What is Furnace?
The Arizona Furnace TechnologyTransfer Accelerator is a competitive startup acceleration program designed to
form, fund, and launch new companies that are built upon technologies and
intellectual property licensed from Arizona’s premier research institutions.
Mayo Joins: http://www.prweb.com/releases/2013/9/prweb11131376.htm
Furnace Launches: http://www.prweb.com/releases/2013/9/prweb11179985.htm
- Over 100 compelling technologies that are easily
searchable, understandable, and ready to be licensed and brought to market
by new startup management teams.
- More than $100,000 in cash and
services to winning management teams, including a $25,000 seed grant, nine
months of complimentary incubation space, and acceleration programming led
by top industry mentors.
- A culminating Demo Day event for
all supported ventures designed to facilitate follow-on funding deals,
mergers, acquisitions, or accelerated sales and growth.
Who is applying to Furnace?
The Furnace Technology Transfer
Accelerator seeks new and seasoned entrepreneurs to accelerate the commercialization
of research organizations’ technology assets into viable business entities.
Furnace is not designed to advance
all types of technologies or entrepreneurs. Instead, Furnace has been designed to
advance a relatively narrow subset of research organizations’ technologies via an
equally narrow subset of management teams. Expressly, Furnace may be best
suited for the following technology commercialization scenarios and startup
management team situations:
- The researcher who developed the technology is
not interested serving as CEO or as a majority shareholder in a startup
scenario, but might be willing to serve as an advisor to the management
team or as a minority shareholder on the management team.
- The startup management team is seeking a
streamlined technology search, due diligence, and licensing process.
- The technologies are commercialized by
experienced, successful, serial entrepreneurs or management teams, or by
extremely driven, knowledgeable, and determined graduate-level students,
researchers, or new entrepreneurs.
- The startup management team is able to propose a
novel commercialization plan for a specific technology, or set of
- The startup management team could benefit from
$25K in non-dilutive seed funding, workspace, and acceleration programming
to advance their go-to-market efforts.
How does my management team
apply to Furnace?
Visit http://www.furnaceaccelerator.com/ to:
to attend a Furnace information session; state-wide throughout October
your management team and select one of the 100+ technologies available for
for $25,000 in non-dilutive seed funding by November 12, 2013 at 11:00 am
For more information, contact NAU Innovations.