Bentonville firm RevUnit, a digital product development agency that designs, develops and launches business development strategies, and Fayetteville consulting firm Startup Junkie have teamed up to launch a 16-week startup training program starting next year.
The program is called Fuel and will focus on preparing supply chain companies to work with large enterprises, with the intent to stimulate corporate growth and create high-paying jobs.
“Northwest Arkansas is the perfect home for a program like Fuel,” Haley Allgood, executive director of Startup Junkie Foundation, said in a news release. “The region has a density around supply chain knowledge, and most of the globe’s largest customers have a major presence in the region. We’re excited to be launching this program with a partner like RevUnit.”
Applications are now being accepted at this link and companies will be chosen on a rolling basis through November. The program will run from Jan. 22 to May 17 next year, hosted at Exchange Bentonville.
There is no cost for participating companies.
“RevUnit is proud to deepen its support of entrepreneurship in Northwest Arkansas through Fuel,” Mason McClelland, product owner at RevUnit, said in the release. “By bringing promising startups together with enterprise leaders, we’re confident that we can uncover innovative new approaches to the types of challenges that our clients face every day.”
Fuel is specifically designed for early- and growth-stage supply chain innovation companies to scale and become enterprise ready, according to the release. Participants in the growth accelerator will receive mentorship and education within their supply chain vertical, as well as coaching and connections to create actionable business outcomes with new partners and potential customers.
There will be a 3:1 mentor to participant ratio, according to the news release, pairing companies with executives in the supply chain field representing potential customers, successful entrepreneurs and other technology companies.
Fuel will not take an equity stake in the participant companies, according to the release. The program is funded by the Arkansas Economic Development Commission (AEDC) as part of the Arkansas Business and Technology Accelerator Grant Program.