One of the premier showcases for regional startups is the Arizona Commerce Authority’s bi-annual business plan competition, the Arizona Innovation Challenge (AIC). The AIC is self described as a “$3 million reality check” for technology-based companies to advance the development and commercialization of their innovations, with each winner earning up to $250,000 in non-dilutive, milestone-based funding. What does it take to win one of these prized grants? Whether your company has applied previously or is thinking about it, here are some of the lessons learned from fall 2015 winner and CEI business incubator client: Paraffin International, Inc.
As tech entrepreneurs, you probably have experienced that moment where you have to explain your software, app or gadget and how it works to the uninitiated, whether it be to a potential customer or during an investor pitch. But how do you do that without patronizing them or getting too technical in your description? Here are a few suggestions to help you better communicate your tech product to others.
Topics: tech entrepreneurs