The Arkansas Farm Bureau has launched the Ag Innovation Challenge.
The challenge is said to be a statewide business competition showcasing Arkansas startups developing innovative solutions to address challenges facing Arkansas farmers, ranchers and rural communities. The challenge is presented in partnership with Farm Credit Associations of Arkansas. The application window will close Oct. 8.
The Arkansas Farm Bureau states challenge applicants must represent a for-profit business and submit a business plan, pitch, product images and other assets for review. Judges will review all applications and select five semi-finalists to present at the Arkansas Farm Bureau annual meeting Nov. 30, with a winner and runner-up announced at the meeting in Little Rock.
Cash prizes totaling $15,000 will be awarded to the top two businesses, with the winner receiving $7,500 and the runner-up earning $5,000. A people’s choice award winner will also be awarded $2,500.
Entrepreneurs entering the contest must be 18 and a current member of the Arkansas Farm Bureau.
The Ag Innovation Challenge application can be found here. For more information contact Philip Powell at Philip.Powell@arfb.com
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