TLDR:
– Fieldbook Studio, a $10 million venture studio, has been launched by VentureWell in partnership with High Alpha Innovation.
– The goal of Fieldbook is to revolutionize the entrepreneurial landscape in Arkansas and beyond by launching five new startups over the next three years.
Fieldbook Studio, a $10 million venture studio, has been launched in Bentonville, Arkansas in collaboration with VentureWell, High Alpha Innovation, the Walton Family Foundation, ADFA, and Cartwheel Studio. The studio aims to catalyze statewide growth and innovation by focusing on the retail value chain sector, which accounts for 80% of the global workforce.
With the support of a $5.75 million grant from the Walton Family Foundation, Fieldbook plans to launch five new startups over the next three years. This initiative not only aims to create long-term job opportunities but also foster a conducive environment for startups to thrive and contribute to the regional economy.
The unique use of grants from the State Small Business Credit Initiative (SSBCI) into a venture studio showcases Arkansas’s commitment to supporting entrepreneurship and innovation. Through the creation of new startups, Fieldbook intends to disrupt various aspects of the retail value chain and contribute to the growth of the state’s entrepreneurial ecosystem.
By leveraging Arkansas’s potential within the retail value chain, Fieldbook aims to nurture the next generation of businesses and prepare founders to successfully fundraise from private investors. The team at Fieldbook, led by Managing Partner Joshua Stanley, joins High Alpha Innovation to utilize its venture building playbook and shared service model, setting the stage for creating advantaged startups in Arkansas.
Overall, the launch of Fieldbook Studio represents a significant step towards transforming the entrepreneurial landscape in Arkansas, creating new job opportunities, and fostering innovation in the state’s economy.
