SOURCE: Tallwave

Tallwave

October 31, 2012 07:15 ET

Tallwave Announces "High Tide" Startup Competition to Commercialize Rapid-Growth Companies

Tallwave Partners With Local Investors and Corporate Sponsors to Launch Startup Competition for Innovative Companies

PHOENIX, AZ--(Marketwire - Oct 31, 2012) - Tallwave, the Southwest's premier lean business accelerator and venture management firm, has partnered with high-profile local investors, top corporations and entrepreneurial ecosystem partners to launch "High Tide," a startup competition that will develop and commercialize new ventures in Arizona.

High Tide is the only startup competition in the Southwest, applying lean business and design validation principles to identify, develop and commercialize rapid-growth startups. High Tide connects the entire entrepreneurial ecosystem in Arizona to help startups with worthy ideas become viable, scalable, and sustainable growth companies. 

"Arizona has the talent, ideas and entrepreneurs to become a leading hub for innovation, yet it lacks the engine to fully develop and scale those companies," said Jeffrey Pruitt, Tallwave chairman and CEO. "High Tide brings validated companies to willing and motivated capital sources to produce sustainable companies. High Tide plays an important role in helping position Arizona as a leading commercialization engine for innovative entrepreneurs."

Twice per year, High Tide will select up to 20 companies to participate in its "Phase One: Validation" program to validate those ventures' viability. From there, up to six companies will advance to the "Phase Two: Acceleration" program to assess product-market fit and go-to-market commercialization. There is no cost to entrepreneurs selected to participate in the High Tide program.

High Tide will start recruiting its first cohort of companies in November 2012. Entrepreneurs, corporate sponsors and investors can learn more, or sign up to receive more information by visiting www.TallwaveHighTide.com.

About Tallwave:
Tallwave is a lean business accelerator and venture management firm specializing in validating, commercializing and scaling emerging technology and digital media ventures. Founded in 2010 by former senior executives from Google, Yahoo!, Microsoft, and iCrossing, Tallwave helps businesses identify, achieve and sustain growth using lean-validation principles. Tallwave has successfully worked with over 40 companies in its Venture Accelerator and has added four companies to its Venture Management portfolio.

Tallwave portfolio companies generate an average of 22.25 jobs per company, creating an economic growth engine in the Southwest, while outpacing national accelerators who generate an average 6.5 jobs per venture.

Headquartered in Scottsdale, AZ, Tallwave has offices in San Francisco and Los Angeles. For more information about Tallwave, visit www.tallwave.com or call 602-840-0400.

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