Phoenix Business Journal: When did starting a new company become about funding?

pbj-phoenix-business-journal-logoRaising money is critical, but at some point it became what startups were about. In “When did starting a new company become about funding?” I take a look at this phenomenon and offer some reasons why we should focus more on the product or service.

Tempe Prep Robotics Team Needs your Help to Win at FIRST Robotics National Championship

TempePrepKnights-2

Tempe Preparatory Academy’s High School Robotics team, FRC Team #3944 All Knights, was on the winning alliance for the FIRST Robotics Competition, FRC, Arizona East Regional Competition on March 19-21st. And they are therefore on their way to St Louis, Missouri to represent Arizona at Nationals.  Last night they were on local Phoenix channel 12 to show off their robot and announce their GoFundMe campaign to raise the $25,000 in travel and entrance fees.  

PADT has pitched in already and we encourage the rest of the Arizona technology community to go to www.gofundme.com/allknights and donate what they can. Make sure you check out the video.  Great group of kids (the reporter… well I'll let you decide… typical media reaction to technology…) who have a great piece of equipment that they built in just six months.  

Support FIRST, Support Arizona STEM

Donate $25 as a Person, get your company to donate more!

 

Customers in the News: Space Data Corp Demonstrates Communications Balloon at Near Space Alliance

CaptureIt is always great to see PADT customers in the news.  This past weekend, January 25, 2014, our long time customer Space Data Corp. launched “a 15-foot latex balloon to carry communications equipment aloft to above 65,000 feet to relay voice and data over a 600-mile range.”  This was at a meeting of the Arizona Near Space Technology Alliance, an organization we suspect may have more PADT customers as members.

Read about it here, or watch the video.

space-data-baloon

The article also points out the two of our local US Representatives, Kyrsten Sinema (D) and Matt Salmon (R) were there.  It was great to see actual bi-partisan support for local business and technology.

PADT has been providing Space Data with design, simulation, prototyping, and manufacturing consulting help since about the time the company was founded.  The company was an early adopter of the extensive use of rapid prototyping in the design and test of their systems, long before it was considered cool and called 3D Printing.

Every time we see one of their balloons go up, we feel proud to have contributed to their growth and success.

 

Innovation Arizona Website: InnovationAZ.com

Innovation_Arizona_Website

It is here.  And it is really well done.

InnovationAZ.com

Arizona has been a place where the pioneering spirit, innovation, and good old fashioned brain power could combine to make entrepreneurial successes.  But until now, the fact that Arizona is so spread out and that Arizonans tend to be so independent meant that there has been no single place to go to learn about what is going on, what is available, and who the players in this area are.

With today’s launch of InnovationAZ.com that has changed.  After spending a some time delving through the pages I can tell you that the Arizona Commerce Authority has done a great job pulling this dynamic and changing community together in one place on the web. Sections include:

  • Programs for entrepreneurs
  • Resources for anyone involved in innovation
  • A review of the Tech Community in Arizona including who is here, what makes the state such a successful place for technology companies, and what industries thrive here.
  • A comprehensive guide to funding of all types that is available in the state

Check it out, I already learned a thing or three I did not know before I scanned the sight. While you are at it check out the sister sites:  azaerospace.com and azsolarstate.com.

PADT Joins AMIGOS and Arizona Mining Association

PADT-Mining-Association-Memberships

After working with the mining industry in Arizona for years, we have finally gotten around to joining the two professional groups that work with the industry: Arizona Mining & Industry Get our Support, better known as AMIGOS, and the Arizona Mining Association.  We are excited about being able to contribute more to the Arizona mining community through these two groups.

Mining is still a dominant industry in the state, especially copper mining with the state providing 68% of the copper produced in the US in 2011.  PADT has supplied software and hardware to both large multinational mining companies, equipment suppliers, and small consultants.  We have also provide simulation of mining processes and airflow in mines to several companies.  With the addition of Flownex to our product and services offering, our involvement with the industry has grown even more.

But, to be honest, by far and away the coolest part of being involved with mining in all of the states we work in is when we get to go visit a mine, or get to look up close at the huge equipment our customers make.  This is some cool engineering.  We plan on doing visiting new mines and exploring more equipment as we get more involved with these groups.

If you are interested in joining either group, click here.

Arizona Innovation Grant Winners Announced, Three are PADT Related

 

imageThe Arizona Commerce Authority (ACA) finished up the Fall 2012 Arizona Innovation Challenge Grant by announcing the six winners:

  1. Athena Wireless Communications, Surprise, AZ
  2. Instant BioScan, Tucson, AZ
  3. Post. Bid. Ship, Tucson, AZ
  4. Serious Integrated, Chandler , AZ
  5. Stat Doctors, Scottsdale, AZ
  6. Stimwave Technologies, Scottsdale, AZ

This is a great collection of companies that show a lot of promise. We are pleased to see the ACA making strong investments in the state’s technology sector. The bi-annual business plan competition awards qualified, innovative startups and early stage companies up to $250,000 in grant funding capital to grow their business, ultimately advancing innovation and technology commercialization opportunities in Arizona. Winning companies were selected from a pool of more than 200 applicants and 25 semifinalists.

PADT is very honored to note that we have connections with three of the winners:

Serious Integrated is a company that PADT has made several investments in and we are also proud to have them as a customer.  We just recently covered them in this very blog.

Post. Bid. Ship. is another company that PADT has invested in, in this case through the ATIF Sidecar Fund 1. 

Stimwave Technologies is one of PADT’s rapid prototyping customers.

Several of PADT’s owners also participated as early round judges to help select the semifinalists.  We had to recuse ourselves from a large number of applications because so many of our customers are involved, which is great to see.

Congratulations to all the finalists and to the winners, and we look forward to meeting new companies in the next competition.