by Tyler Hale
Startups and entrepreneurs will have another resource in Northwest Arkansas, starting this month.
In early November, the University of Arkansas will be opening the U of A Startup Village, a facility that is designed to promote entrepreneurship in the region. The space will feature office space, a conference room, storage rooms, a kitchen and mailboxes for seed-stage entrepreneurial teams.
The new space will be located in the Hathcock Building in Fayetteville. The Startup Village will be in close proximity to other entrepreneur resource centers in downtown Fayetteville, including the Arkansas Small Business Development and Technology Center, the Brewer Family Entrepreneurship Hub and Startup Junkie. In addition, it will be approximately 0.5 miles from the University of Arkansas campus.
Office space at the U of A Startup Village is available to University of Arkansas students, faculty, staff and alumni with incorporated and operational businesses. In addition, companies that have licensed university-owned intellectual property from Technology Ventures are also eligible to apply for space in the U of A Startup Village.
Two startups have already been selected for spots in Startup Village. These include Lapovations, a medical device startup, and MORE Technologies, a robotics startup.
According to UA Vice Chancellor for Economic Development Stacy Leeds, U of A Startup Village is designed to capitalize on Arkansas’ burgeoning startup scene and increasing number of entrepreneurs. The new initiative, she says, is a way of providing a “path” for entrepreneurs and integrating existing resources into the program.
“U of A Startup Village is a great step forward in the university’s drive to bolster the state’s entrepreneurial efforts,” Leeds said in a statement. “By providing flexible office space near mentoring and U of A services such as the Small Business Development and Technology Center, we are providing a path to entrepreneurs to integrate with the Arkansas Research and Technology Park and the vibrant community of inventors, startups and nonprofits we have within our university ecosystem.”
Startups will apply for space in the Startup Village with the renewable space rentals lasting three to six months. Applications are currently being accepted for spaces and will be accepted on a rolling basis. To learn more or apply, email firstname.lastname@example.org.