SOURCE: Tallwave


August 28, 2012 05:00 ET

Tallwave Invited to Join Business and University Leadership to Work With GPEC Innovation Council to Drive Innovation, Entrepreneurship and Economic Development in Greater Phoenix

The Greater Phoenix Economic Council (GPEC) Partners With Local Business Leaders, Including Business Accelerator Tallwave, to Improve Innovation Ecosystem and Science and Technology

PHOENIX, AZ--(Marketwire - Aug 28, 2012) - The Greater Phoenix Economic Council (GPEC), a premier economic development organization in Greater Phoenix, launched the GPEC Innovation Council in 2011 to support and develop the region's growing innovation ecosystem. Tallwave, a lean business accelerator and venture management firm, joins more than 30 business and university leaders in the Innovation Council to improve the region's expanding innovation ecosystem, to bring new companies to market and diversify the Greater Phoenix economy.

The Innovation Council was formed to help improve the development, commercialization and liquidation of innovative technologies being developed by universities, research institutions and companies in Greater Phoenix. The primary objective of the GPEC Innovation Council is to elevate the region as a recognized leader in clean-tech, aerospace and defense, healthcare technologies and education IT. 

"Tallwave is the perfect match for our Innovation Council," GPEC President & CEO Barry Broome said. "Its expertise in helping companies accelerate growth is easily transferable to the leadership role they have taken in advancing an innovation platform that will benefit the entire region."

Tallwave was asked to join the Innovation Council to help drive entrepreneurial development through the Greater Phoenix innovation ecosystem. Tallwave will leverage its lean business acceleration expertise and entrepreneurial success to help the Innovation Council maximize assets and fill gaps in the in the venture capital, science and technology sectors. 

"We are pleased to work with such a distinguished group of private and public sector leaders focused on identifying the gaps and opportunities in Arizona's entrepreneurial ecosystem, and driving to actionable solutions that will make Greater Phoenix and the region more competitive," says Jeff Pruitt, Chairman and CEO of Tallwave. "We look forward to contributing our deep understanding of validating, commercializing and scaling startups and early-stage companies to support GPEC and others in establishing and deploying best practices for building a world-class ecosystem for startups and growth companies in Arizona -- already recognized as #1 in the country for entrepreneurial activity."

Tallwave joins Silicon Valley Bank, Arizona State University, Arizona Technology Council, and other regional leaders in its efforts to accelerate, align and grow the entrepreneurial ecosystem in Greater Phoenix.

About the Greater Phoenix Economic Council (GPEC):
A true public/private partnership, GPEC is the regional economic development organization for Greater Phoenix. Working with its 20 member communities, Maricopa County and 155 private investors, GPEC attracts quality businesses to this dynamic region. By creating a high-performance economy through capital investments and jobs, Greater Phoenix companies enjoy a business climate where they can compete and thrive in today's global economy. Since 1989, GPEC has worked to achieve an economically sound and sustainable region. For more information, visit

About Tallwave:
Tallwave is a lean business accelerator 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 25 companies in its Venture Accelerator and added four companies to its Venture Management portfolio.

Tallwave portfolio companies generate an average of 22.25 jobs per company, outpacing national accelerators who generate an average 6.5 jobs generated per venture, while creating an economic growth engine in the Southwest. Headquartered in Scottsdale, AZ, Tallwave has offices in San Francisco and Los Angeles.

For more information about Tallwave, visit or call 602-840-0400.

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  • Tallwave