Massachusetts-based nonprofit Entrepreneurship for All (EforAll) has selected two cohorts for its first business accelerator programs in Northwest Arkansas, giving young startups the chance to take their business to the next level.
EforAll will support 17 startups — nine English-speaking and eight Spanish-speaking — with mentorship, curriculum, co-working space and opportunities to win seed money. The first accelerator runs from January through December 2022. Organizers will use a hybrid approach, where most classes and meetings will be virtual. Final presentations will be in person.
Funding from Bentonville-based Walton Family Foundation is backing the Northwest Arkansas accelerator. Organizers received 45 applications — 23 for the English program and 22 for the Spanish program.