Biosensing Instrument is a Fall 2019 Arizona Innovation Challenge awardee

December 12, 2019

Phoenix, Arizona

The Arizona Commerce Authority (ACA) announced today 10 awardees in the Fall 2019 round of the Arizona Innovation Challenge (AIC). The business plan competition — one of the largest in the country — is designed to advance innovation and technology commercialization opportunities in Arizona by helping early-stage ventures scale.

“Congratulations to our Fall 2019 awardees!” said Sandra Watson, President & CEO of the Arizona Commerce Authority. “Each of these companies is advancing exciting innovations in digital health, wearables, fintech, SaaS and more. We could not be more proud to help them scale and achieve success in Arizona.”

The Fall 2019 Arizona Innovation Challenge awardees are:

Company Industry Location, Inc. IT – Software Scottsdale, AZ
Biosensing Instrument Bio & Life Sciences Tempe, AZ
Emagine Solutions Technology IT – Software Tucson, AZ
Insurmi IT – Software Phoenix, AZ
OralKleen, LLC Bio & Life Sciences Scottsdale, AZ
OTOjOY IT – Hardware Scottsdale, AZ
Radpay, Inc. IT – Software Phoenix, AZ
Reglagene Bio & Life Sciences Tucson, AZ
RexPay Inc. IT – Software Phoenix, AZ
The Surf Network, Inc. IT – Software Tempe, AZ

Companies chosen to join the Arizona Innovation Challenge portfolio will participate in the ACA’s Venture Ready Accelerator, which connects companies with serial entrepreneurs, high-level executives and subject matter experts. Venture Ready helps startups refine their business plans, improve go-to-market execution strategies and increase investor readiness. Participants will complete a series of panels and workshops within the subsequent 12 months of the award.


About Biosensing Instrument
Biosensing Instrument, Inc. (BI) is a privately held company based in Tempe, Arizona and a technology leader in label-free molecular interaction analysis applications. The BI solutions are based on the Surface Plasmon Resonance (SPR) technology and the instruments are high performance, modular and cost-effective. They are used in academic and biopharmaceutical research for the measurement of affinity and kinetics of small molecules or biologics. Application areas include life sciences, drug discovery, antibody characterization, biosensors and electrochemistry. Information about BI can be found at

About the Arizona Commerce Authority
The Arizona Commerce Authority (ACA) is the state’s leading economic development organization with a streamlined mission to grow and strengthen Arizona’s economy. The ACA uses a three-pronged approach to advance the overall economy: attract, expand, create – attract out-of-state companies to establish operations in Arizona; work with existing companies to expand their business in Arizona and beyond; and help entrepreneurs create new Arizona businesses in targeted industries. For more information, please visit and follow the ACA on Twitter @azcommerce.