Category Archives: Entrepreneurship Foundation News

2015 Donald W. Reynolds Governor’s Cup Winners Announced

Top teams to compete in Tri-State Competition in Las Vegas, NV.

Winners of the 2015 Donald W. Reynolds Governor’s Cup Collegiate Business Plan Competition that is managed by The Arkansas Economic Acceleration Foundation, an affiliate of The Arkansas Capital Corporation Group, were announced today at a luncheon hosted at the Statehouse Convention Center in Little Rock, AR.

Mike Preston, executive director of the Arkansas Economic Development Commission, served as the master of ceremonies for the event, which hosted approximately 760 business leaders, students, educators and supporters from across the state for the 15th annual Donald W. Reynolds Governor’s Cup.

This year, 47 teams submitted business plans from 12 colleges and universities from across Arkansas for a chance to win a share of the $152,000 prize pool. First and second place winners of the undergraduate and graduate teams will compete against the top two teams from Nevada and Oklahoma for the Donald W. Reynolds Tri-State Award in May, where they will be competing to win a share of the $118,000 prize pool.

The 2015 Donald W. Reynolds Governor’s Cup winners are: Continue reading

Social Entrepreneurship’s Impact on Education Abroad

By: Brad Cameron

In his book Social Entrepreneurship: What Everyone Needs to Know, David Bornstein argues that social entrepreneurship originally focused on identifying individuals talented in addressing social problems. Social entrepreneurship evolved to building and expanding entrepreneurs’ capacities to address widespread social issues through formalized organizations that borrow from best practices in business and organizational management.

Today, the Internet and other forms of electronic communication connect and empower people  to come together to take on local and global issues. The latest iteration of social entrepreneurship combines the strength of social enterprises with the passion of activists, enabling professionals from a variety of fields to use technology to develop solutions for problems ranging from political underrepresentation to disparities in health care. Continue reading

2015 Donald W. Reynolds Governor’s Cup Awards Luncheon Scheduled April 22

Donald W. Reynolds Governor's CupWho: The Arkansas Capital Corporation and The Arkansas Economic Acceleration Foundation, which manages the Donald W. Reynolds Governor’s Cup, invite the media to attend the event for photo and interview opportunities. Lunch will be provided.

What: 2015 Donald W. Reynolds Governor’s Cup Awards Luncheon

When: April 22, 2015 at 11:30 a.m. – 1:00 p.m.

Where: Wally Allen Ballroom, Statehouse Convention Center, Little Rock, Ark.

Why: The Donald W. Reynolds Governor’s Cup is a statewide collegiate business plan competition. This year, 47 teams submitted business plans from 12 colleges and universities from across Arkansas in hopes of winning a portion of the $152,000 prize pool. Winners announced at the luncheon go on to compete in the Tri-State competition in Las Vegas, Nevada, in May with cash prizes of $118,000.

How: To ensure a seat at the luncheon or to arrange for space to set up a camera, please RSVP as soon as possible to verkman@arcapital.com or call 501.374.9247. Luncheon seating is limited. Continue reading

Business Planning Basics

Business ModelA business plan is a document that describes your business and the future of your business. The business plan tells what you plan to do and how you plan to do it. Completing the business planning process can be the difference between success and failure, between obtaining financing and being denied, between growing your business and floundering, or between knowing your competition and owning your competition. Think of the business plan as a road map for your business.

In writing your business plan, you need to make sure that the plan is clear, focused and realistic. Below is a list of major sections that make up a sound business plan:

Executive Summary

The executive summary is the most important piece of your business plan when you share it with lenders, investors, or employees. The executive summary is often the only piece of the business plan that is even read by these groups and, therefore, may be your only chance to form someone’s opinion of your business idea. You will need to keep your executive summary brief (no more than two or three pages) in order to keep the reader’s attention. Continue reading

2015 Donald W. Reynolds Governor’s Cup Finalists Announced

Donald W. Reynolds Governor's CupTeams from five Arkansas colleges and universities are the finalists in the 15th annual Donald W. Reynolds Governor’s Cup Collegiate Business Plan Competition, managed by Arkansas Economic Acceleration Foundation (AEAF), an affiliate of The Arkansas Capital Corporation Group.

The finalists are: Continue reading

2015 Youth Business Plan Competition Winners Announced

5th Year of Youth Entrepreneur Showcase 2.0 Business Plan Statewide Competition for Ninth through Twelfth Grade Students

Arkansas Economic Acceleration Foundation (AEAF), an affiliate of The Arkansas Capital Corporation Group, today announced the winners of the Youth Entrepreneur Showcase 2.0 (Y.E.S. 2.0) statewide youth business plan competition for grades ninth through 12th. Today’s winners were chosen in the categories of Best Business Plan and Most Innovative. The competition included 62 teams from nine high schools across Arkansas.

Y.E.S. 2.0 students from across the state and their teacher advisors work to develop and market a business concept. The winners in the two competition categories are as follows: Continue reading

2015 Donald W. Reynolds Governor’s Cup Finalists and Semi-Finalists Announced

The best business plans from college and university teams statewide were recently selected to compete in the next round of the state’s premier business plan competition.

Teams from six Arkansas colleges and universities were announced today as finalists in the 15th annual Donald W. Reynolds Governor’s Cup Collegiate Business Plan Competition that is managed by The Arkansas Economic Acceleration Foundation, an affiliate of The Arkansas Capital Corporation Group.

On April 2 at the Embassy Suites in Little Rock, AR., the 12 advancing semi-finalist undergraduate teams will make a 20-minute presentation to volunteer judges from the state’s business and entrepreneurial sectors. Afterward, they will answer questions from judges for 15 minutes. Two judges’ panels will determine the six finalist undergraduate teams. The six undergraduate finalist teams, along with the six graduate finalist teams, will compete in the last round of oral presentations for first-, second- and third-place prizes April 3 at the Embassy Suites.

Again this year, teams will compete for cash prizes totaling $154,000, which will be awarded during the Donald W. Reynolds Governor’s Cup awards luncheon, Wednesday, April 22, at the Statehouse Convention Center in Little Rock. Tickets to the luncheon are still available and can be purchased here.

The 2015 semi-finalists and finalists are: Continue reading