Arizona forms invisionAZ initiative to boost tech economy

Published: March 22, 2018

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A new initiative seeks to build a network of "proven entrepreneurs" who can help develop the state's technology ecosystem.

In an effort to attract new tech companies to the state, Arizona has formed a new initiative, invisionAZ. The initiative is designed to create an ideal capital, regulatory, and policy space for tech businesses. InvisionAZ is the creation of Arizona Chamber of Commerce and Industry’s first Tech Summit. Event, tech, and capital experts weighed in at the event on how to increase Arizona’s appeal to cutting edge tech startups, leading to the creation of this initiative. The organization has three main goals: to improve emerging tech firm’s access to capital, to strengthen areas of the state's technology ecosystem, and to enhance Arizona’s public image around innovation.

Arizona Governor Doug Ducey has applauded invisionAZ, saying it will help continue the momentum in innovation and tech growth and will advance the reputation of the state as a place to test, launch, and scale new ideas. The governor has directed new focus in recent months to the tech sector, including the use of autonomous vehicles and forming a cybersecurity task force to advise the state on keeping data and networks safe.

InvisionAZ will host the second annual Tech Innovation Summit on March 22, while its partners look for new economic opportunities in the growing tech industry.

Source: StateScoop