Crypto-focused investment firms Coinbase Ventures and Haun Ventures have teamed up with the University of Arkansas to support a technology accelerator program. This collaboration aims to strengthen the position of the US state of Arkansas in the crypto landscape. Arkansas is known for its unique combination of entrepreneurial spirit, major corporations, and influential policymakers. By harnessing the state’s potential, this partnership seeks to shape crypto policy and drive innovation in the digital asset space.
The Crypto Landscape in Arkansas
Arkansas is at the crossroads of various key factors that influence the blockchain technology and digital asset landscape. According to Tomicah Tillemann, Chief Policy Officer at Haun Ventures, the state has a thriving community of innovative entrepreneurs, global corporations, and policymakers who are keenly interested in digital asset technology. Representatives like Rep. French Hill and Sen. John Boozman have shown great enthusiasm for this emerging tech. Tillemann believes that the combination of these factors makes Arkansas an excellent environment for collaborating with the startup community.
“All of this makes Arkansas a great place to work with the startup community,” said Tomicah Tillemann.
Adopting a Successful Model
According to a CoinDesk report, Coinbase Ventures and Haun Ventures are adopting a model that has already proven successful in other parts of the United States. Many universities around the country collaborate with corporations to create tech-focused programs that connect students and interns with industry professionals. One notable partnership mentioned is between trading firm Jump Trading and the University of Illinois’ Research Park. This collaboration has already resulted in the hiring of a former student, Kanav Kariya, as the president of Jump’s crypto division.
The Bounds accelerator program, lasting 16 weeks, is now accepting startup applications. The program is open to those with a U.S.-based presence or representative until November 3. Scheduled to commence on January 8, 2024, it will include in-person orientation, remote learning, mentoring sessions, and a demo day event in Bentonville, Arkansas.
