Andy Lombard serves as Executive Vice President of Innovation and Venture Development for the Arizona Commerce Authority. Prior to joining the ACA full time, he was a Technical Advisor for entrepreneurship. As part of his passion for entrepreneurship, Mr. Lombard helped construct the ACA’s $3 million annual business plan competition, the Arizona Innovation Challenge (AIC). Since its inception seven years ago, more than 1,200 technology start-ups have participated in the Challenge, which has resulted in approximately $20 million of invested, non-dilutive capital. He also created and has led Venture Ready Accelerator, the ACA’s tech start-up mentoring program.
Prior to his work with the ACA, Mr. Lombard spent 14 years at Motorola, leading its Asia wireless business. During that time, he advanced to the director of Motorola Ventures, where he was responsible for managing a $750 million portfolio of technology investments while serving on 22 boards in six countries. Following Motorola, he joined Silicon Valley tech company Adaptive Broadband, where he led strategy and mergers & acquisitions in a highly successful turnaround which saw the stock price increase to $205 from $6 in 24 months. In 2000, he founded airBand Communications, a broadband wireless start-up backed by Battery Ventures, Sevin Rosen Funds and Cisco, with $76 million in capital raised, building the company to a more than $400 million valuation. Mr. Lombard has founded two additional venture-backed startups during his career, and has earned prestigious recognition for his work including the E&Y Entrepreneur of the Year Finalist and CEO of the Year from CEO World Awards (2014). He was also selected by President George W. Bush to serve on the Presidential High-Tech CEO Forum; and Red Herring Top 10 Wireless Startups 2002 for airBand.
Mr. Lombard also volunteers extensive time to mentoring entrepreneurs, community activities and is a volunteer National Ski Patrol for Brighton Ski Resort in Utah.