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AZAdvances: Accelerating Health Innovation

AZAdvances: Accelerating Health Innovation

How Arizona's Community is Accelerating Health Innovation

Joan Koerber-Walker, President & CEO of AZBio and Chairman of the Opportunity Through Entrepreneurship Foundation, and AZAdvances Trustee Russ Yelton led a discussion on how Arizonans are collaborating to drive health innovation forward faster.  

The Arizona Health Innovation Trust Fund is an engine for growth

The Arizona Health Innovation Trust Fund (AHIT) was created by statute in 2022 and established under the Arizona State Treasurer’s Office (ASTO) with the State Treasurer as trustee. In 2023, Arizona’s elected leaders have the opportunity to capitalize AHIT as part of the FY2024 budget process. This investment in Arizona’s future continues the process that the Senate, House, and Governor began in 2022.

On December 29, 2022, the State Board of Investment approved the  contract with the Opportunity Through Entrepreneurship Foundation to deliver the programs that AHIT supports through AZAdvances. 

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Phoenix, Arizona