Category Archives: Entrepreneurship Foundation News

Watch the 8th Annual Tri-State Awards Dinner LIVE in Las Vegas May 28

Click here to download the Awards Dinner Program.

The 8th Annual Tri-State Awards Dinner will be held on Thursday, May 28, 2015.

The first and second place award winners in the graduate and undergraduate tracks will be announced at the Awards Dinner, which will be streamed LIVE from the Mirage Hotel May 28 from 6:30 p.m. – 8:00 p.m. PST. (8:30 p.m. – 10:00 p.m. CST). All competitors will be making elevator pitches during the dinner before the awards are presented. Continue reading

Creating an Exuberant Elevator Pitch

Elevator PitchElevator pitches are all the rage right now. Looking at the way the world works, people act like they barely have enough time to put down their cell phones or tablets long enough to do important things like eat and shower. Ask them to pay attention to something that’s not important for more than 5 minutes? That’s blasphemy! Too hard! Luckily, and I’d guess out of necessity, the entrepreneurship and venture capital world has latched on to this idea of an elevator pitch. The story goes that at some point an entrepreneur got on this mythical elevator in some massive building in some huge city. Standing next to him just happened to be a key player in an investment firm that could provide said entrepreneur with venture capital. But, alas, he would only be in this elevator with him for 60 seconds! How could he tell him everything he needed to know to secure funding from his awesome company? It’s no secret, and in the next couple paragraphs we’ll give you some tips to create a winner. Continue reading

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