Become a Client
For potential clients to participate in Innovate Arkansas:
- The client must be located in Arkansas
- The companies created must provide Arkansas jobs with wage bases of at least 150 percent of the current Arkansas individual per capita income
Three Easy Steps
Because Innovate Arkansas uses Gust to manage our submission process, the first step for a potential client to make is to log in to Gust as an entrepreneur. Complete the application, and submit it. 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 or if you would like to receive a Non-Disclosure Agreement prior to submitting that application.
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 will be offered to the potential client.
When Innovate Arkansas receives the signed client agreement, the commercial enterprise will then be considered an Innovate Arkansas client.
Innovate Arkansas Client Benefits
Benefits of becoming an Innovate Arkansas client are numerous.
- Technology product assessments
- Market feasibility analysis
- Intellectual property advice
- Commercialization strategies
- Business plan development
- Coaching and mentoring assistance
- Product and concept valuation
- Enhanced links to existing capital resources
- Early stage investment advice
- Small Business Innovation Research (SBIR) application assistance
- Small Business Technology Transfer (STTR) application assistance
- Federal, state and local grant assistance
- Second- and third-stage financing assistance
On-the-Shelf Intellectual Property Development:
- Identification of on-the-shelf IP
- Negotiation of control of on-the-shelf IP
- Matching on-the-shelf IP with serial entrepreneurs
- On-the-shelf IP development
- Use of Winrock International’s IP professional network for general IP questions
Founder Harvey Hughes of Mountain Home's SEAS Education, an Innovate Arkansas client firm, likes to keep things simple. Here are his five tips for startup success.
“Patent trolling,” the practice of obtaining large buckets of intellectual property rights with the intention of using them to extract damages and settlement revenue rather than to protect innovation or produce anything, is not a new idea. Over the past 40 years, lawmakers have tried to strike a balance between defending research and advancements while dissuading offensive use of patents that negatively impact our economy.
One Innovate Arkansas client firm stretches the "startup" tag. SEAS Education of Mountain Home has been around since 1995 and quietly has become a leading national provider of education plan management software.
Eyona Mitchell is experiencing first hand how the other half lives. A one-person team competing in the fourth installment of the ARK Challenge startup accelerator in downtown Little Rock, Mitchell used to help businesses at previous stints working with the Downtown Little Rock Partnership and Alt.Consulting in Pine Bluff.