Avnet and Arizona State University Seek Nation’s Next Technology Entrepreneurs
September 21 2016 - 11:00AM
Business Wire
Avnet Innovation Lab to provide $250,000 in
grants to technology visionaries
Avnet, Inc. (NYSE:AVT), a leading global technology distributor,
in partnership with Arizona State University (ASU) and its Ira A.
Fulton Schools of Engineering, is now accepting applications for
the next class of entrepreneurs for the Avnet Innovation Lab.
Launched in May 2016, the lab was created to spur economic growth
and help aspiring technology entrepreneurs accelerate their ideas
and take their inventions to the next level. Applications for the
next Avnet Innovation Lab will be accepted through November 14,
2016 and are accessible at Avnet Innovation Lab.
With the Avnet Innovation Lab, entrepreneurs can leverage the
expertise of one of the largest technology distributors in the
world – Avnet, and the university ranked #1 in innovation in the
U.S. – Arizona State University. Avnet Innovation Lab participants
are awarded grants from a $250,000 donation provided by Avnet. They
also receive personal consultation from experts in technology
distribution, supply chain management and next-generation
technologies throughout the 12-18 month program. This consultation
helps participants reach the next phase in the innovation process.
Participants also have access to dedicated lab space in the Ira A.
Fulton Schools of Engineering building on the ASU Tempe, Ariz.
campus.
Avnet Innovation Lab Successes:
The next class of entrepreneurs will join the successful ranks
of Avnet Innovation Lab participants, who have created
revolutionary technologies for today’s high-growth industries
including retail, hybrid automotive solutions, security and
chemical safety. Hear directly from today’s lab participants.
- Pit Rho and Twyst are changing
the way consumers shop by creating a Smart Bag, which eliminates
the need to wait in checkout lines. Using IOT, this smart retail
bag links the in-store shopping experience with the convenience of
online shopping. With the help of the Avnet Innovation Lab, Pit Rho
has successfully taken the product to market.
- XL Hybrids is utilizing Avnet’s
supply chain expertise to reduce electrical and telematics
components and service costs that make up the company’s hybrid
electrification business. XL Hybrids’ technology can be applied to
new and existing commercial vehicles to effectively reduce fuel use
and emissions.
- Digital Bio advanced its new,
gold-standard early warning detection system that monitors for
microbes and other biological agents that could pose a risk to
national security, industrial processing, agribusiness and
environmental health. The Avnet Innovation Lab’s technological and
engineering expertise and supply chain support is helping to move
the system into production, transforming the way that bioanalysis
takes place.
- SILER is helping make polymers
more user and environmentally friendly. The organization is
creating a safer polymer system by minimizing the exposure of
potentially dangerous volatile organic compounds found in some
cleansers, glues, cosmetics, paints, pesticides and more, as well
as increasing the use of safe chemicals in electronics and
renewable energy manufacturing. Through the Avnet Innovation Lab,
the team has conducted further research and developed
proof-of-concept evidence related to the benefits of their
technology.
Executive Quotes:
“The Avnet Innovation Lab is one of the many exciting ways we’re
driving innovative thought in technology and providing the support
needed to bring new products to market,” said MaryAnn Miller,
senior vice president, chief human resources officer and corporate
marketing & communications for Avnet, Inc. “Our first four lab
participants have set a high bar, and the combination of funding
and hands-on engagement with industry experts is delivering solid
results.”
“All of those involved in the Avnet Innovation Lab share a
passion for invention,” said Dr. Cody Friesen, founder and chairman
of the Avnet Innovation Lab Advisory Council, ASU Associate
Professor and CEO of Zero Mass Water. “As the journey progresses
with the next generation of entrepreneurs, we’re seeing firsthand
the creation of things that never existed before; technologies that
never were, now are. Our next round of performers will build upon
this legacy, and we’re looking forward to supporting an even
broader range of innovative technology ideas that will make the
world a better place.”
Click to Tweet: .@Avnet & @ASU offer $250,000 in funding to
selected #tech entrepreneur applicants who join the
#AvnetInnovationLab http://avnet.me/labapp
Follow Avnet on Twitter: @AvnetJoin Avnet on Facebook:
http://www.facebook.com/AvnetIncConnect with Avnet on LinkedIn:
http://www.linkedin.com/company/avnetRead more about Avnet via our
blog: http://blogging.avnet.com/
About Avnet, Inc.
From components to cloud and from design to disposal, Avnet,
Inc. (NYSE:AVT) accelerates the success of customers who build,
sell and use technology by providing a comprehensive portfolio of
innovative products, services and solutions. Avnet is a global
company ranked on the Fortune 500 with revenues of $26.2 billion
for the fiscal year 2016. For more information, visit
www.avnet.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160921005434/en/
Avnet, Inc.Maureen O’Leary,
480-643-7499Maureen.OLeary@avnet.comorIra A. Fulton Schools of
Engineering, Arizona State UniversityTerry Grant,
480-727-4089Theresa.Grant@asu.eduorBrodeur Partners for Avnet,
Inc.Marcia Chapman, 480-308-0284mchapman@brodeur.com
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