Avnet, ASU Team On Innovation Lab

Phoenix-based electronics distributor Avnet and Arizona State University are launching a new, Innovation Lab, which will focus on spurring growth in the technology industry, and help entrepreneurs. According to the two, Avnet has committed to funding the lab to the tune of $250,000 a year. The new lab will provide business consulting, venture support, as well as funding to entrepreneurs, to help them accelerate their ideas and get to the next level. The new lab will have dedicated space at ASU's Ira A. Fulton Schools of Engineering.