Contrary to how the financial atmosphere might feel, there is venture capital out there. BusinessWeek has a slideshow of the Most Successful Startups in 2008. For those looking to start a business here in Arizona, keep in mind that BioTech and Green are two places that investors are putting thier money. Arizona State University has a top-notch BioTech program and also supports many Green initiatives. That would be a good place to start, if you're looking to startup your business in a growing industry.