Phoenix-based Avnet, a leading global technology distributor, has partnered with Arizona State University and its Ira A. Fulton Schools of Engineering to create the Avnet Innovation Lab. The lab will provide critical business consultation and venture support to entrepreneurs developing new technology, especially inventions that make the world a better place.
Avnet will exclusively support the lab with an annual commitment of $250,000 plus administrative expenses for three years. The donation will award funding to select entrepreneurs to accelerate their ideas and take their inventions to the next level.
Avnet and ASU also will offer mentorship and critical connections to bring technologies to market, as well as offer dedicated lab space in the Ira A. Fulton Schools of Engineering.