Governor announces plan to expand tech startup program | Arkansas Blog

Wednesday, August 3, 2016

Governor announces plan to expand tech startup program

Posted By on Wed, Aug 3, 2016 at 3:26 PM

In a partnership with FIS, a Jacksonville, FL.-based Fortune 500 financial services technology company, the state will extend the VC FinTech Accelerator program until 2018, Gov. Asa Hutchinson announced today. 

VC FinTech Accelerator is a 12-week program offering resources and guidance for new startups focused on financial technology. The program, an intensive effort to use the word "disruption" as many times as possible without defining its meaning, is holding its first Demo Day today at the Clinton Presidential Library. The governor is one of the featured speakers. 

The state and FIS will share the cost of continuing the Accelerator program. 

Full press release, including statements from Hutchinson and FIS President and CEO Gary Norcross, after the jump: 

LITTLE ROCK – Governor Asa Hutchinson today announced the first phase of a high tech accelerator initiative for the State of Arkansas. FIS, a global leader in financial services technology and a Fortune 500 company, will partner with the State to extend the VC FinTech Accelerator program through 2018.

The VC FinTech Accelerator is designed to boost the speed and development of startups focused on financial technology. The FinTech Accelerator was operated in conjunction with The Venture Center, based in Little Rock. The Venture Center provides resources, guidance, and critical connections to guide startups to viability.

The announcement was made at the VC FinTech Accelerator’s Global Investor Demo Day at the Clinton Presidential Library in Little Rock. The partnership will see the State of Arkansas and FIS each cover a portion of the funding for program costs over the next two years.

Governor Hutchinson released the following statement:

“I am thrilled that we were able to partner with FIS to keep Arkansas’s FinTech Accelerator going until 2018. This program has brought some of the world’s most exciting financial services startups and promising tech talent to Arkansas and we are excited to see that relationship continue. It is great to see companies like FIS investing in innovation in Arkansas and we are excited to partner with them to increase the tech footprint in our state.”

“Arkansas is developing a national reputation for technology both as a result of the major technology companies in Arkansas and because of Arkansas leading the nation in computer science education. Our new high tech accelerator initiative is an innovative way for the state to attract new technology companies and to support our existing industry. I was elated to hear that several of the startups that participated in the program are interested in exploring Arkansas as a home for their operations. We are optimistic that some of the startups will take advantage of the tremendous benefits of locating their companies in this state.”

FIS President and CEO Gary Norcross issued the following statement:

“FIS support of and participation in the VC FinTech Accelerator is part of our broader innovation strategy. This isn’t just about turning startups into strong investment opportunities, it’s about reinventing the financial industry by identifying and fast-tracking the best ideas.”

“The Accelerator and the fostering of innovation fits squarely with our strategy to deliver results that empower the financial world. It is at the heart of everything we do.”

This initial phase of the High Tech Accelerator Initiative will be followed by a more comprehensive accelerator plan to be presented to the General Assembly in January. The future plan will include program requirements to measure the job creation and technology benefits to the state.

Tags:

From the ArkTimes store

Favorite

Comments (18)

Showing 1-18 of 18

Add a comment

 
Subscribe to this thread:
Showing 1-18 of 18

Add a comment

More by David Ramsey

  • Abuse again at Arkansas juvenile lockup

    A guard was fired after choking a child at the Alexander Juvenile Assessment and Treatment Center. It’s the latest in a long history of mistreatment at the facility.
    • May 26, 2017
  • Health care policy FAQ

    What proposed state and federal changes mean for the future of health care policy in Arkansas.
    • May 25, 2017
  • The health of a hospital

    The Medicaid expansion helped Baxter County Regional Medical Center survive and thrive, but a federal repeal bill threatens to imperil it and its patients.
    • May 25, 2017
  • More »

Readers also liked…

  • Jason Rapert vs. Wikipedia

    Sen. Jason Rapert against the world: Wikipedia edition.
    • Jan 23, 2016
  • Auditor Lea caught not telling the truth

    State Auditor Andrea Lea, who began her tenure in statewide office with a degree of competence unseen in some other Republican counterparts (think Treasurer Dennis Milligan particularly), is becoming more deeply mired in a political scandal.
    • Mar 4, 2016
  • Another Republican miracle-working governor

    Great piece in Washington Post on the budget crisis in Louisiana. Big tax cuts and corporate welfare will do that to a state, particularly to a state whose previous governor, Republican Bobby Jindal, refused to join the Obamacare-funded Medicaid expansion. There's a lesson there for Arkansas.
    • Mar 4, 2016

Most Shared

  • Take yourself there: Mavis Staples coming to LR for Central High performance

    Gospel and R&B singer and civil rights activist Mavis Staples, who has been inspiring fans with gospel-inflected freedom songs like "I'll Take You There" and "March Up Freedom's Highway" and the poignant "Oh What a Feeling" will come to Little Rock for the commemoration of the 60th anniversary of the desegregation of Central High.
  • Klan's president

    Everything that Donald Trump does — make that everything that he says — is calculated to thrill his lustiest disciples. But he is discovering that what was brilliant for a politician is a miscalculation for a president, because it deepens the chasm between him and most Americans.
  • On Charlottesville

    Watching the Charlottesville spectacle from halfway across the country, I confess that my first instinct was to raillery. Vanilla ISIS, somebody called this mob of would-be Nazis. A parade of love-deprived nerds marching bravely out of their parents' basements carrying tiki torches from Home Depot.
  • Lynchings hidden in the history of the Hot Springs Confederate monument

    Hot Springs twice erupted into the kind of violence that has its roots in the issues left unresolved by the Civil War, and both times, it happened right where that monument to Confederate soldiers stands today.

Most Viewed

  • Open line and Civil War update

    More Confederacy defenders were on hand in Bentonville against imagined threats to a one of hte Confederate statues put up long after the Civil War to spin a narrative about the noble Lost Cause.
  • Arkansas-linked Charlottesville marcher identified, apologizes to those misidentified

    A man who says he's a former University of Arkansas student now living in New England has identified himself as the person wearing an "Arkansas Engineering" T-shirt in the Friday white supremacist march in Fayetteville. He apologized for involving UA in the story and to the professor misidentified as being the person wearing the shirt.
  • Three dead in WLR

    Three dead in suspected double murder-suicide in West Little Rock.
  • When Johnny Reb comes marching to Hot Springs

    They are assembling for and against white supremacist symbols in Hot Springs today. Photographs by Brian Chilson of the Arkansas Times.

Most Recent Comments

  • Re: Open line and Civil War update

    • Wonder why all of a sudden our Navy can't pass another ship without running into…

    • on August 20, 2017
  • Re: Open line and Civil War update

    • Thanks, perplexed. Wallace late in life apologized for his segregation remarks/actions.

    • on August 20, 2017
  • Re: Open line and Civil War update

    • No, he di'n't! "House Dem introduces measure urging Trump undergo mental exam." For real. http://thehill.com/blogs/floor-action/hous……

    • on August 20, 2017

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation