Over nearly two decades of the Donald W. Reynolds Governor’s Cup competition, just over $2 million in prize money has been given to teams of college students with entrepreneurship ideas deemed promising by competition judges.
When April Seggebruch launched Innovate Arkansas client firm Movista of Bentonville with Stan Zylowski in 2010, both freshly adorned with MBAs from the Walton College of Business at the University of Arkansas, the state’s tech startup scene was alive but only taking baby steps.
Permjot Valia, an international entrepreneur and angel investor, tells the second-annual Arkansas Commercialization Retreat that he sees several Arkansas startups that are capable of "billion dollar plays."
Bentonville retail software firm Movista has received an $82,959 investment from the Arkansas Science & Technology Authority. The funds will be used to commercialize Movista's proprietary technology, which provides retail tracking, verifying and reporting activities.
Innovate Arkansas client Movista was born in the MBA program at the University of Arkansas Walton Business College, but when it came time to put down permanent roots, co-founders April Seggebruch and Stan Zylowski chose a house just off the square in downtown Bentonville.