RevAZ Challenge. Interested companies may apply by submitting the RevAZ Application Form by 4 p.m. Friday, January 9, 2015.
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1 RevAZ Challenge RevAZ, the ACA program created for the express purpose of providing technical assistance to Arizona s small and medium manufacturers, in partnership with NIST Manufacturing Extension Partnership (MEP), is proud to announce the RevAZ Challenge. This is a one-time matching competitive grant opportunity for Arizona Manufacturers to showcase strategic and innovative projects that will enable them to gain a sustainable competitive advantage and grow their business. RevAZ is looking for well-defined projects that show a small or medium size manufacturer s commitment to growing their business through innovation. These projects could include fasttracking new products, implementing new technology, new business models, innovative processes or advanced capabilities to grow their business. Winning proposals will be submitted by manufacturers with demonstrated potential, or a track record of business success, and the ability to leverage the impact of a modest capital investment into growth and transformation. The possibilities are endless! Company Eligibility: Eligible companies must be an Arizona manufacturer who has been in business for more than two (2) years, and employs fewer than 500 employees. Project Requirements: Ideal project budget range $20,000 - $200,000 (larger projects will be considered, but the project must be completed by June 30, 2015). Company must provide 50% cash match. Grant awards will range between $10,000 and $50,000. Please specify requested grant amount in the table below as well as in your budget. Full balance of project costs must be spent by June 30, Interested companies may apply by submitting the RevAZ Application Form by 4 p.m. Friday, January 9, All applications will be reviewed and companies will be notified of the acceptance decision. Questions: For questions regarding the RevAZ Challenge and application process, please contact Shawnda Henderson(shawndah@azcommerce.com) or your RevAZ rep!
2 RevAZ Challenge Instructions Due by January 9, 2015, at 4:00pm AZ time. Entries that do not comply with these instructions will not be accepted. Please read carefully! Note that the ACA is subject to Arizona Public Records laws (A.R.S , et seq.) The bolded, black text in each of the boxes for are clarifying questions and content suggestions. We understand that you may not have answers to all the questions, but more complete applications tend to get better evaluations. Save this file, plus any of the optional material you choose to include (described above), as a single PDF document no larger than 10MB. Please title your document company name_revaz Challenge Application. To submit: completed document to Shawnda Henderson at shawndah@azcommerce.com prior to the deadline. The Arizona Commerce Authority reserves the right to remove applicants from this competition at our discretion. Company Profile Contact Information Company Name Address City, State, Zip Company Website Contact Name Title & Telephone Product/Services Information Year company was formed Number of Full Time Employees How many locations? Where is Headquarters located? Duns & Bradstreet # NAICS code(s) Primary products manufactured Core Competencies Industry Sector (check all that apply) Does company export products? Grant Amount Requested Aviation & Aerospace Homeland Security & Defense Cleantech/Renewable Energy Bio & Life Sciences Consumer Products IT Other (please specify) Yes (what countries ) No
3 Part 1: Executive Summary Please describe your proposed business transformation project. When possible please describe the current state situation and the future state. Part 2: Business Opportunity How large is your market, is it growing, and if so, how fast? What market segments are you focused on, and why? Who is your competition? Why will your proposed project help you displace or capture market share from your competitors, and how much?
4 Part 3: Innovation How will this project help transform your ability to introduce new products, manufacturing capabilities, operational processes, or business models, and how will this transformation be sustained over time? Part 4: Risk What are the market, business and technical risks associated with this project, and how is your team and your company prepared to mitigate and overcome these risks? Please include major milestones, and how you will define success by June 30, 2015, and then in out years.
5 Part 5: Value Please describe the major costs associated with your proposed project as well as a timeline for completion of the proposed activities. Justify the projected return on investment relative to the business opportunity described above. (Please include a budget table for the entire project with specific note of the requested grant amount included)
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