Phoenix, AZ (PRWEB) May 08, 2012
SyCara, a search and social media technology platform for SEO professionals, advances as one of ten finalists from the pool of 25 semi-finalists for the 2012 Arizona Commerce Authority (ACA) Innovation Challenge.
The Arizona Innovation Challenge is the largest financial prize of its kind in the country, and plans to award over $1.5 million to six to 15 winners later this month. Over 300 applications were received for the initial round of the competition and were judged on criteria including technology potential, marketing strategy, management team, and the potential for job and wealth creation.
SyCara represents the only SEO solution finalist in the challenge. Founded in 2010, SyCara’s advanced SEO Platform provides industry-leading search and social media reporting, monitoring, and analysis capabilities to improve online marketing performance. SyCara has worked with international agencies and enterprise businesses to increase efficiency, improve ROI, and optimize web strategy.
SyCara will make its final pitch to a panel of expert judges in hopes of winning up to $250,000 in funding. Winners will be announced May 15th.
Start-ups winning awards are required to commercialize their technology solution and generate revenue within one year of the award. A seasoned panel of evaluators will provide feedback and facilitate partnerships with commercialization resources across Arizona. Winning companies will also be evaluated for eligibility in other ACA incentive programs like the Angel Investment Program.
The challenge is an added resource helping start-ups bring ideas to life, after the Kauffman Foundation named Phoenix number one for entrepreneurial activity in its 2012 index, just one day before the ACA announced challenge finalists.
The ACA will hold a second innovation challenge later this fall to provide funding to deserving start-ups totaling $3 million for the year.
SyCara is an SEO platform that provides advanced search and social media monitoring, reporting and analysis for online marketing professionals. The SyCara SEO Platform automates workflow and delivers actionable insights to guide enterprise and agency organizations. SyCara provides industry-leading social media reporting, local search results, and share of voice analysis along with one of the most robust search and social databases in the industry. Using SyCara’s prioritized, actionable plans, online marketing professionals are empowered to achieve a higher level of efficiency and ROI.
SyCara is a portfolio company of Tallwave, a venture accelerator and management company. SyCara is based in Phoenix, Arizona. For more information about SyCara, go to http://www.sycara.com or call 855-479-2272.