University of Arkansas researchers are receiving financial help to get their products into the hands of consumers.
The money is for faculty, graduate students and post doctoral students who are launching startup companies.
It comes from the chancellor’s fund with a total of $400,000 that will be available every year.
“This helps us create new jobs in Arkansas. It helps us better educate our faculty and incentivize our faculty, who are doing really important problem-solving work here at the University of Arkansas,” said Misty Orpin with the Office of Economic Development at the university.
Bob Beitle, a U of A professor, said: “There’s a societal need for some of the technologies and some of the solutions that we come up with. We just need to get them out of our laboratories and into the hands of people.”
Research teams can apply for the funding after completing a certain training program, and if chosen will receive up to $50,000 dollars.