The Venture Center Helps New Generation of Arkansas Tech Startups Thrive
SituationIn May 2014, The Venture Center was launched by a group of entrepreneurs and business leaders in Little Rock, Arkansas. The group wanted to increase the number of technology-based startups in the area as well as increase the talent in technology-related fields.
The Problem/ChallengeIn 2013, “Fast Company” released a study ranking the states by innovation. Arkansas ranked 37th. Around this same time, a study by the State Science & Technology Institute ranked Arkansas 45th for entrepreneurship.
SolutionThe Venture Center helps entrepreneurs turn their startups into viable, high-growth businesses. By leveraging the expertise of a world-class team of mentors, intensive programming and introductions to the investor community, The Venture Center serves as an engine for economic growth in Central Arkansas and beyond.
ResultsIn the first three years, companies involved in The Venture Center created more than 445 jobs, generated $28 million in revenue and raised a combined $39 million in capital.
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Company: The Venture Center
Fast Fact: In the first three years, the Venture Center's member companies have created more than 445 jobs, generated $28 million in revenue and have raised a combined $39 million in capital.