Winrock International Institute For Agricultural Development
|
Location |
Little Rock, AR |
|
|---|---|---|
|
Project Name |
Innovation Fund Seed Support Program |
|
|
Program |
Seed Fund Support |
|
|
Award Amount |
Federal Share |
Non-Federal Share |
|
$279,202.00 |
$279,202.00 |
Winrock will support the expansion of the Innovation Fund Investment Fund (Investment Fund), which is expanding in concert with Winrock’s Delta Innovation Fund and the Arkansas Regional Innovation Hub’s (Hub) Innovation Fund programs. In Arkansas’s strongest clusters—biomedical and health, nanotechnology and advanced manufacturing, and information technology and data analytics—it expects to assist 103 proof-of-concept companies, generate 155 jobs, attract five corporate investors that will invest $3.5 million, and invest up to $50,000 in seed capital in each of the 103 participating companies.