Applications for the Conductor’s 10X Growth Accelerator are now open for Arkansas businesses.
This application period marks the launch of the fourth cohort of the accelerator, which provides practical entrepreneurship education, coaching and support to businesses in Arkansas. Through the program, businesses are exposed to a range of mentors, access to capital, and an expansive support network.
The 10X Growth Accelerator is a 14-week program open to growth-oriented Arkansas-based companies with average annual revenues between $100,000 and $10,000,000. According to Conductor’s website, the accelerator has a specific focus of supporting the architecture assessment, and/or recommendations for scalable software and world-class cybersecurity technology. The program will hold required meetings once a week in Conway, and companies must commit to having at least one C-level executive available and in attendance at the accelerator meetings.
Once accepted, companies will receive weekly training from business experts, as well as peer-to-peer coaching and mentoring.
“This is one of our most impactful programs because we develop the potential of each business by analyzing the business, leveraging their strengths, positioning them to scale, and challenging them to think in the 10X growth mindset.” said Glenn Crockett, 10X Accelerator Director.
According to Crockett, the challenge of the accelerator is thinking beyond conventional growth strategies. “The goal – it’s pretty obvious – is to get companies thinking about 10x growth versus a more traditional 10 percent or 20 percent. What we’re trying to get them to say is, ‘How can I make my company 10 times larger?’” he told Arkansas Money & Politics in an interview.
The Conductor will be accepting approximately 20 companies to participate in this cohort.
Founded in 2018, the 10X Growth Accelerator has had more than 40 companies graduate from its program. Past graduates of the 10X Growth Accelerator include 3E Software, Inc., Quadrivium Inc., Aristotle, B-Unlimited, and Aptus Financial.
The third cohort had 18 Arkansas companies, and the Conductor expects to accept approximately 20 companies for the fourth cohort.
The accelerator is a partnership between Conductor, the Arkansas Economic Development Commission and Metova. “Metova is passionate about supporting, and equipping our state’s tech and tech-enabled businesses with scalable technology solutions through this program,” Metova CEO Josh Smith said.
The deadline for applications is April 17, and the program will officially launch on May 19.
Accelerator meetings will be held Tuesdays, from 3-6 p.m., in Conway.
Click here to apply for the 10X Growth Accelerator.