The initiative is designed to spur economic growth in the technology sector and support aspiring entrepreneurs. The lab will provide business consultation to individuals developing new technology. Avnet will exclusively support the lab with an annual commitment of $250,000 plus administrative expenses for three years. The donation will award funding to select entrepreneurs or performers to accelerate their ideas. Avnet and ASU will also provide mentorship and connections for performers to bring their technologies to market, as well as offer dedicated lab space in the Fulton Schools. Avnet is a business-to-business distributor of electronic components, computers and I.T. products.
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