This grant program was created to partner with an established Arkansas technology-based company to stimulate innovation and growth among the state’s next generation of technology businesses. The discretionary program may provide grants of up to two hundred fifty thousand dollars ($250,000) to sponsor business and technology programs to mentor start-up companies.
The objectives of the Accelerator Grant Program are to:
- Stimulate corporate growth through the infusion of innovative ideas, products, and services
- Create high-skilled, high-wage jobs by encouraging the development of technological products and services
- Foster economic growth by linking new ideas, products, and services by entrepreneurs and start-up companies to corporate sponsors seeking the commercialization of new products and services.