We were really pleased that our neighbors from Arkansas’ Ark Challenge accelerator program were just one of many Global Accelerator Network (GAN) accelerators in attendance at everywhereelse.co The Startup Conference. The Ark crew was at the conference talking to attendees and startups about retail, logistics and food processing the three core focus areas for the North West Arkansas based accelerator.
Startups selected to accelerate in the Ark Challenge program will receive a seed investment of $20,000 for 6% equity to offset the cost of relocation to North West Arkansas.
The program will be held at the beautiful new IceBerg coworking space, where founders will have 24×7 access. They’ll also get access to a huge mentor network, product development and design support, promotion, and access to advisors and funders. On the retail side of things Ark Challenge isn’t far from the largest retailer in the world, Walmart.
The Ark Challenge is one of 20 projects nationwide that receives funding for the advancement of regional competitiveness from the Economic Development Administration (EDA), Small Business Administration (SBA) and the Employment And Training Administration (ETA).
In addition to all of that, two teams are selected to receive follow on funding of $150,000 to help the startup get through “speed up”.
The early bird application deadline is next week on February 24th with the final deadline on April 7, 2013. The session will run from June to mid September with an investor/demo day at the end of the session.
You can apply to the Ark Challenge here