The Arkansas State Legislature established an entrepreneurship program earlier this year as an incentive to keep graduating college seniors in the state to work with business leaders in Arkansas.
The Arkansas Fellowship is a two-year program designed for accomplished and highly motivated undergraduates who are seeking world-class entrepreneurial experiences following graduation, according to the program website.
Graduating seniors will have an opportunity to be employed by mentor companies throughout the state who work with the program. While working for the mentor company, fellows are guaranteed a $40,000 salary.
While at their mentor companies, participants will also work on business projects assigned by the companies. The companies will then connect students with executive-level management for counseling, according to the program website.
Applicants of the program must have a minimum 3.0 GPA and have graduated from a university in Arkansas or be an Arkansas native who has graduated from an out-of-state university.
“The University of Arkansas will certainly encourage graduates to take advantage of this opportunity,” said Suzanne McCray, vice provost for enrollment.
Applicants must also have an interest in entrepreneurship, business and a fast-paced work environment. Applicants must demonstrate leadership potential, invest in meaningful peer relationships during the fellowship and capitalize on the opportunity to meet and work alongside senior leadership in mentor companies, according to the program website.
Fellows will also have an opportunity to meet with business leaders from other companies through monthly mixer events and lecture series.
In addition to mentor companies throughout the state, colleges and universities also serve as partners to promote the program to their students.
The success of the Arkansas Fellowship depends on the partnership and support of participating colleges and universities, according to the program website. Faculty and staff are integral to helping the selection committee identify the best and most promising talent, according to the website.