Winrock International has announced the creation of a new fund dedicated to deploying early-stage capital to Arkansas startup companies. The Validation Fund, which went live Dec. 10, seeks to catalyze this crucial category of validation-stage funding. -Arkansas Money & Politics
Rodney Ferguson, president and CEO of Winrock International, says the goal of the Validation Fund is to drive economic growth across the state of Arkansas.
The Walton Family Foundation contributed an initial $1.1 million, which will fund awards of $50,000 to $150,000 in eight to 10 validation-stage companies in Northwest Arkansas over the next two years. -Arkansas Money & Politics
More information on the Validation Fund can be found HERE