University of Arkansas Teams Win 8 of 10 Governor's Cup Awards

by Mark Carter  on Wednesday, Apr. 9, 2014 3:39 pm  

Lumadrop is interviewed after the 2014 Donald W. Reynolds Governor's Cup awards ceremony at the Statehouse Convention Center in Little Rock. (Photo by Mark Carter)

Price told Governor's Cup participants that the central Arkansas startup environment is "completely different" from when he launched his first startup, Capsearch, in 2008.

"It's gotten drastically, exponentially better the last five, six years," he said. "The tech talent pool is not as deep as other cities, and the tech community is just now starting to develop density, but it's trending very much in the right dirtection."

Hoelzeman advised the student entrepreneurs to determine if there was a market for their products before launching into funding mode. Treatsie, an online artisan candy marketplace, used crowdsourcing platform Kickstarter to raise awareness and generate feedback before seeking other outside funding.

This year, 36 teams from 13 colleges and universities across the state submitted plans for the Governor's Cup. Finalists and semifinalists represented the UA, JBU, Harding, Henderson State University, Arkansas State University, Arkansas Tech University, Hendrix College, Arkansas Baptist College, the University of Arkansas at Little Rock and Ouachita Baptist University. 



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