Arkansas creates P3 to advance financial technology

Arkansas Governor Asa Hutchinson announced a public-private partnership (P3/PPP) to expand the state’s High Tech Accelerator initiative.

A financial services technology company will partner with an accelerator program at the state’s Venture Center to boost the development of startups focused on financial technology through 2018.

“Arkansas is developing a national reputation for technology both as a result of the major technology companies in Arkansas and because of Arkansas leading the nation in computer science education.  Our new high tech accelerator initiative is an innovative way for the state to attract new technology companies and to support our existing industry,” said Hutchinson in a statement.

The next phase of the initiative will include a comprehensive accelerator plan to be presented to the state legislature in January.