Office space is a precious commodity for startups and small businesses. There are a range of office options available from co-working spaces to traditional, segmented office spaces.
Access is a key concern for founders and business owners. Knowing where to go to actually obtain the office space is a hurtle.
That’s one hurtle that the Venture Center and the Little Rock Regional Chamber are looking to tear down for small businesses in Arkansas. The two organizations are launching a pre-accelerator, called Spark!, which will provide offices to eight startups.
“The Spark! program is an exciting offering for local startups who may not have access to the kind of office space and support needed to effectively grow a business,” Wayne Miller, Executive Director of The Venture Center, said. “We’re pleased to partner with the Little Rock Regional Chamber on Spark!, as our collective focus on building the entrepreneurial community will make Little Rock a stronger city with greater opportunities for everyone.”
The startups will be provided office space in the Venture Center in downtown Little Rock, a hub of entrepreneurial activity. Participating startups will also receive mentorship and small business resources, such as contact with subject matter experts in business pitches, funding and more.
As part of the Spark! program, the startups will have the chance to pitch at Pitch ‘N Pint in December.
“Spark! will empower our local entrepreneurs by equipping them with tools and mentorship through a one-of-a-kind experiential pre-accelerator,” said Jay Chesshir, President & CEO of the Little Rock Regional Chamber. “We have a world-class business community in Little Rock who want to see our economy continue to grow. By partnering with The Venture Center, experts in accelerating entrepreneurial growth and development, we’ll positively impact our small business community and the amazing entrepreneurs who drive it.”
Applications for Spark! close on September 4.
To be eligible for the program, companies must be central Arkansas startups with a full-time founder and an annual recurring revenue of $50,000 at minimum. The companies must commit to spending 20 hours per week onsite at the Venture Center and attend a weekly Wednesday luncheon.
Learn more or apply here.