ADFA
About ARCMF
ADFA ARCMF is a program of and managed by the Arkansas Development Finance Authority (ADFA).

Arkansas Risk Capital Matching Fund

The Arkansas Risk Capital Matching Fund (ARCMF) works to strengthen and advance the financial infrastructure that supports and accelerates the growth of technology-based enterprises in Arkansas. ARCMF will target fund investments in technology-based enterprises that are in the early stages of development and not yet able to attract adequate private sources of traditional financing, venture or investor-backed capital for their growth and development. A portion of this fund will be used to validate early stage technology before other investments can be made.

Eligibility
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We encourage applications from entrepreneurs involved with technology-based enterprises.


Technology Validation
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ARCMF currently makes available matching funds of up to $100,000 from the Technology Validation Account.


Enterprise Development
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ARCMF currently makes available matching funds of up to $750,000 from the Enterprise Development Account to augment investments proposed or made by angel or other institutional investors.


Form of Investments
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Financial assistance from the Technology Validation Account and the Enterprise Development Account may be in the form of equity capital or near equity capital as defined below:


Apply for Matching Funds
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The application for matching funds involves a multi-step process depending on the request being from the Technology Validation Account or the Enterprise Development Account.