In 2001, with a vision for promoting entrepreneurship, Arkansas Capital Corporation Group (ACCG) established a statewide collegiate business plan competition. The competition was first-class and sent a message to students that the resources to succeed in business can be found in Arkansas.
In 2004, the Donald W. Reynolds Foundation made a major grant to the Arkansas Economic Acceleration Foundation (AEAF) to continue the competition in Arkansas, as well as expand the event to both Nevada and Oklahoma. With the Foundation’s grant, each statewide competition was named after the late media entrepreneur Mr. Donald W. Reynolds. Headquartered in Las Vegas, Nev., the Donald W. Reynolds Foundation is one of the largest private foundations in the United States.
With one of the largest cash prize pools in America, the Donald W. Reynolds Governor’s Cup business plan competition encourages students attending any Arkansas two- or four-year college or university to act on their ideas and talents by entering the competition and have a head start in producing tomorrow’s businesses. Since the competition was started in 2001, more than 2,000 students representing 24 Arkansas colleges and universities have participated. The students and their faculty advisors have received more than $2,000,000 in prize money.