Apply for the ACTIVE Program Today
The Arkansas Collaborative for Technological and Innovative Venture Equality (ACTIVE) program is seeking motivated, innovative, diverse, Arkansans who own early-stage healthcare or health technology businesses and are looking for educational resources, training, and networks to turn their innovative ideas into thriving startups.
Pioneering Healthcare Innovation
Step into the forefront of healthcare advancement with the ACTIVE Program. Our initiative champions diversity and propels socially and economically disadvantaged entrepreneurs to transform Arkansas’ healthcare landscape. Embrace this unique opportunity to evolve your innovative ideas into tangible solutions with our comprehensive support. Let’s shape the future of health together. Apply now and be the change.
Empower Your Healthcare Vision with ACTIVE
Personalized guidance from industry experts and successful entrepreneurs.
Access to a wide network of healthcare professionals, investors, and fellow innovators.
Tools and training to develop and scale your healthcare business.
Assistance in preparing for and securing funding and investment.
Intensive training sessions focused on key aspects of starting and running a business.
Innovative Health Tech Focus
Specialized focus on advancing health technology for Arkansas’ communities.
Legal and Regulatory Guidance
Expert advice on navigating the legal and regulatory landscape of healthcare technology.
Market Access and Expansion
Strategies to enter and thrive in the competitive healthcare market.
WHO CAN APPLY?
- Early-Stage Healthcare and Health Technology Companies: If your business is in the initial stages of development and focuses on healthcare or health technology, you are encouraged to apply. We are looking for innovative solutions that can transform healthcare in Arkansas and beyond.
- Socially and Economically Disadvantaged Individuals (SEDIs): Our program is specifically designed to support entrepreneurs who have faced social and economic barriers. This includes, but is not limited to, racial or ethnic minorities, women, veterans, and individuals with disabilities. Please see our FAQ section for more information about who may qualify for this program.
- Arkansas Residents: To ensure a direct impact on our local communities, applicants must be current residents of the state of Arkansas.
SHAPE THE FUTURE OF HEALTH
ACTIVE is seeking pioneers at the vanguard of health innovation. If your startup is sculpting the future of healthcare with cutting-edge technology, we want you. Join us to leap forward – your vision can redefine healthcare in Arkansas and beyond. Seize this chance. Apply now and lead the transformation!
Partner Access: Click here to log in to your portal.
Early-stage healthcare or health technology related companies that are owned by “Socially and Economically Disadvantaged Individuals” (SEDI) who reside in the state of Arkansas may apply. For further details about each of these qualifiers, please see the related questions.
According to federal definitions, “socially disadvantaged individuals are those who have been subjected to racial or ethnic prejudice or cultural bias within American society because of their identities as members of groups and without regard to their individual qualities. The social disadvantage must stem from circumstances beyond their control.”
“Economically disadvantaged individuals are socially disadvantaged individuals whose ability to compete in the free enterprise system has been impaired due to diminished capital and credit opportunities as compared to others in the same or similar line of business who are not socially disadvantaged.”
These are broad definitions and can include racial or ethnic minorities, women, veterans, long-term residents of rural areas, individuals with disabilities, individuals from disadvantaged or persecuted communities or groups, etc. If you have questions about whether you qualify, please contact us.
These are broadly defined categories. Healthcare companies can include home health, free or minority focused clinics, digital care, holistic health, health education or training, nutrition or dietetics services, patient outreach, public health, environmental health, etc. Health technology can include augmented and virtual reality, artificial intelligence, cybersecurity, robotics, healthcare tracking apps, information technology systems, software as a service, digital health and telemedicine, medical imaging, gamification, wearable devices, smart devices, and many other emerging ideas.
If you have questions about whether your company may qualify, please contact us at firstname.lastname@example.org.
Yes. This program is currently only open to residents of Arkansas.
Participation in other training programs or accelerator programs does not preclude your participation in the ACTIVE program.
This program is intended for early-stage businesses. You do not need to have a successfully established business to apply. Most businesses that apply will be pre-revenue and some will be at the idea stage.
You may be eligible to apply even if you only have an idea and a business plan. All applicants are evaluated on an individual basis by the advisory board who will determine which applicants will move forward with the program. The board will also help identify what resources are needed for your specific business to be successful.
We are mainly interested in supporting new, early-stage businesses that need help becoming capital ready. If you have questions about your eligibility related to this, please reach out to us via email@example.com.
Yes. If the advisory board does not select your business the first time you apply, we will provide feedback and encourage you to apply the next time applications are open.
Program Structure and Requirements
Eligible individuals/businesses can apply on our website.
Once the application is submitted, it will be reviewed by our team and our advisory board, who will make the decision about which companies will participate.
If you are accepted, you will begin the enrollment process with our program managers’ help. They will gather information from you through brief interviews and use that information to assess what needs you have to get you to the point of capital readiness.
Our program managers will then determine which of our community partners can best meet your needs and will set you up with these partners for training opportunities, meetings, and other forms of assistance.
The program managers will check in with you monthly to ensure your needs are met. Also, you will meet quarterly with the advisory board to evaluate your needs and reassess as needed.
By the end of the program, you and your company should be ready to raise capital.
We will offer a broad range of services, training opportunities, and networking with the assistance of our community partners. These services and opportunities can include entrepreneurship bootcamps, assistance with setting up your business, guidance on applying for funding through loans or grants, networking and venture capital matchmaking events, one-on-one mentorship, legal guidance, and more.
You will not receive any payments or funding directly from the ACTIVE program. However, the goal of the program is to connect you and your business with opportunities to seek investment and help you become “capital ready.” We will help you raise funds and apply for loans or grants so that you can raise capital by the end of the program.
While you will not directly receive funding from this program, each applicant will have money from the program devoted to paying for services and training opportunities identified by the program board to help them become capital ready.
The funding for this program covers the fees for the services you will receive up to $4,500. If it is determined that you need additional services beyond what the funds cover, you will be informed of the costs so that you can decide to pay for those additional services.
Our goal is your success, and we try to ensure that the services you need match up with the budgeted amount to cover the fees so that you don’t have any out-of-pocket costs.
Each cohort will be a part of the program for approximately one year, and then will be an alumni However, the engagement is highly dependent on the needs of each participating business and how quickly those needs are met.
The pace of the program will be highly individual and will be dependent on your needs. However, you will be expected to check in with the program manager monthly to ensure that your needs are being met and that you are actively participating in the program.
Yes. Please only apply if you intend to fully participate in the program. We are interested in seeing you succeed, and your participation and cooperation are large components of what will determine your success.
Some training and meetings can be held virtually. However, other training sessions will be held in-person, mostly in the Central Arkansas region. If travel is an issue for you, we will work to accommodate your needs.
This program is being funded by a grant from the Minority Business Development Agency’s Capital Readiness Program, with matching funds provided by UAMS.
For further questions, please send an email to firstname.lastname@example.org