What are the requirements for becoming an Innovate Arkansas client?
The only requirements for potential clients are that the technology- or knowledge-based commercial enterprise will be located in Arkansas, and the technology- or knowledge-based companies created will be a source of jobs with wage bases of at least 150 percent of the current state individual per capita income.
What steps do I do to become a client?
Innovate Arkansas uses Gust to manage its submission process. Complete the application process, and please include as much information as possible; the application can be saved and modified as needed. You may also contact the Innovate Arkansas team with any questions that may arise during the submission process.
After you have submitted your application and any pertinent documents, the Innovate Arkansas team will review your information and contact you with further questions or to schedule a meeting. If Innovate Arkansas determines that the enterprise fits the requirements as indicated above, a client agreement and a confidentiality and non-disclosure agreement will be offered to the potential client.
When Innovate Arkansas receives those signed agreements, the commercial enterprise will then be considered an Innovate Arkansas client.
What services will Innovate Arkansas provide clients?
This program provides resources to new and startup technology-oriented companies, helping them commercialize products and technologies. Innovate Arkansas will assess the product, business plan and market, as well as help with startup, production and growth. Often, these steps require the development of capital for validation and growth. We believe Innovate Arkansas can put your company in the best position to obtain capital from sources inside and outside Arkansas.
How does Innovate Arkansas measure progress?
Entrepreneurial companies that create new products and services create wealth. Innovate Arkansas clients who are engaged in producing technology-based products and services offer the promise of the most significant gains in income, jobs and wealth. Key to their success is commercialization and the attraction of capital. Thus, Innovate Arkansas measures success by its ability to help companies move toward commercialization and to secure seed money or venture capital.
Do the services that Innovate Arkansas provides cost anything?
No. The Innovate Arkansas program is fully funded by the State of Arkansas. Clients will not be charged.
Where is Innovate Arkansas located?
Innovate Arkansas is an initiative funded by the Arkansas Economic Development Commission and Winrock International. Our offices are located in the Winrock International headquarters at 2101 Riverfront Drive, Little Rock, AR 72202. We can be contacted at (501) 280-3025.
Contact Innovate Arkansas
Innovate Arkansas client Movista was born in the MBA program at the University of Arkansas Walton Business College, but when it came time to put down permanent roots, co-founders April Seggebruch and Stan Zylowski chose a house just off the square in downtown Bentonville.
While he supports enterprises and technologies that embrace sustainability and renewable energy as president and CEO of BlueInGreen LLC, Clete Brewer is first and foremost about the business side.
Arkansas Business is proud to have featured a number of 40 Under 40 honorees who have gone on to the corner offices of publicly traded companies. Let's count them.
Jeff Stalnaker moved from high-tech data services firm Acxiom to lead a high-tech startup, First Orion, which with its PrivacyStar smartphone application seeks to give people their privacy back.