Arizona Bioscience News: New Arizona VC fund; SkySong’s sixth building; Banner Health campus proposal

October 21, 2022

By Jessica Vaile

New Arizona VC fund has $110M to invest, targeting in-state startups / Phoenix Business Journal (AZ Inno)

AZ-VC—which got its start under the name InvisionAZ and has $110 million to invest—is the first venture capital fund dedicated to backing Arizona startups with money almost exclusively from investors inside the state.

SkySong’s sixth building to break ground after leases are signed, developer says / Phoenix Business Journal

The sixth office building planned at SkySong, or the ASU Scottsdale Innovation Center, in Scottsdale is expected to feature technology, health care, and engineering firms across six floors.

Venture capital investments in Arizona follow national trend of slowing, Q3 report shows / Phoenix Business Journal (AZ Inno)

The latest Venture Monitor report from research firm Pitchbook and the National Venture Capital Association revealed 37 deals during the third quarter in Arizona valued at $236 million, the lowest quarterly number of deals this year.

Banner seeks OK for hospital campus at Scottsdale Airpark / Scottsdale Progress

Banner Health has submitted a zoning application with the city of Scottsdale to build a medical campus on 48 acres that would include a 136-bed hospital tower, medical office building, and cancer center plus other services.

COVID-19 weekly update: Arizona cases increase by 5,438, with 59 new known deaths / Arizona Republic

Reported COVID-19 cases in Arizona last week increased from the several weeks prior, mostly because of the addition of some older cases, and the percentage of tests returning positive rose, according to the state’s latest weekly update.

Upcoming Events / 

October 27: ASU Annual Diagnostics Summit

November 7: Flinn Bioscience Entrepreneurship Program application deadline 

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