The City of Mesa, in partnership with Arizona State University, has opened up a tool for growing businesses looking to take the next step in their development.
Called Launchpoint, the business accelerator will provide small technology-based companies and other businesses in the city and across the East Valley a place to advance beyond the start-up point of their business.
The agreement between the city and ASU has Mesa providing funding and staff to operate Launchpoint and the college hosting it at the ASU Polytechnic Campus in Eastmark.
“Mesa’s economic development motto is ‘facilitate, don’t regulate’ and Launchpoint is one way we are facilitating the growth of technology companies,” said Mayor Scott Smith in a press release. “Cities are building the new American economy and partnering with universities, like ASU, is the smart way to foster innovation and accelerate the success of growing businesses.”
Launchpoint will have a contest on Feb, 27 to accept applications for its onsite/offsite program. Applicants who meet the requisite qualifications can pitch their business to a panel, and the first 10 accepted applicants receive a promotional package worth $10,000.