Why Northwest Arkansas?
Great question, and one we hear a lot. Click here for reasons why Forbes, Travel + Leisure and CNBC have singled out Northwest Arkansas as a top-ranking place for entrepreneurs to build their businesses and launch their careers.
How much funding do companies receive from The ARK Challenge Northwest Arkansas?
You will receive $50,000. You also will receive free office space, industry research and marketing services to promote your startup. Additionally, you will have access to an invaluable network of key cluster experts, advisors, mentors, presenters and funders. A program like The ARK Challenge will increase the value of your company significantly and in an accelerated time period. In return The ARK Fund will receive a 6% equity stake in each company.
What kind of companies will The ARK Challenge accept?
The ARK is looking for technology startup companies and founders who are motivated and interested in focused coaching to reach the next level. Each startup team should consist of 2-5 people. Your company may be a graduate of another accelerator or one that already has customers. Because of our location and concentration of expertise, we believe we can provide the most value to high-growth, technology-oriented opportunities that focus on serving the retail and logistics industry clusters. Startup companies focused on building a new scalable web-based or mobile technology service or product are all eligible to apply.
When is the application deadline?
The deadline to apply is May 12, 2014, at 11:59 pm CST.
Do I have to be in Northwest Arkansas for the entire program?
Yes. We expect a full-time commitment from ALL of our startup founders.
What if I have more questions?
Contact Jeannette Balleza Collins, The ARK Challenge Director, using the contact form.