Winrock Launches Program to Promote Technology-based Business Development
12/11/2007
Technology-based innovations and job creation in Arkansas will be primary thrusts of a new initiative by the Arkansas Economic Development Commission and Winrock International's US Programs unit. Innovate Arkansas will provide the necessary due diligence required to identify potential new technology products and services, assist the founders or inventors of the products with their business start-up and financial support needs, and provide mentoring to move them to commercial enterprises.
The only requirements for potential clients of Innovate Arkansas are: the new commercial enterprises will be located in Arkansas, and the companies created will be a source of jobs with wage bases of at least 150 percent of the current state individual per capita income. Innovate Arkansas will work closely with existing university research centers to assist those technology innovations already identified in the university settings, and help provide the business and financial support services that are needed.
