With funding by the Walton Family Foundation, Winrock International and Cartwheel, an Arkansas based startup studio, are coming together in a joint effort to form an accelerator focused on software-as-a-service (SaaS) businesses.
- The resources: With $1.2 million in funding, this initiative will aim to identify and validate high potential SaaS startup business concepts here in Northwest Arkansas and take the them from idea to a profitable organization.
- The process: The accelerator will choose 20 proposals for promising business opportunities for review by experts. It will then select two of those opportunities, find CEOs and co-founders to work on them and assist in helping them raise capital along with a bevy of other resources.
To learn more about the new accelerator or any of these organization's roles in it, check it out here.