Coming UMKC innovation center to serve students, entrepreneurs

May 13, 2015  |  Bobby Burch

NixonPressConf[4]

With funding shored up from private and public donors, the University of Missouri-Kansas City is planning to move ahead with its plan to build the Robert W. Plaster Free Enterprise Center to support students and entrepreneurs.

Missouri Gov. Jay Nixon shakes hands with UMKC Chancellor Leo E. Morton. Photo by Janet Rogers/UMKC.

Missouri Gov. Jay Nixon shakes hands with UMKC Chancellor Leo E. Morton. Photo by Janet Rogers/UMKC.

Missouri Gov. Jay Nixon announced Tuesday that the state is allocating $7.4 million to the center, which represents half of the funding for the new $14.8 million building that will be built at 215 Volker Boulevard. The Robert W. Plaster Foundation and the Ewing Marion Kauffman Foundation offered the initial private funds.

“The Free Enterprise Center at UMKC will provide greater opportunities for creativity and collaboration among students, faculty and businesses, and strengthen the Kansas City region’s position as a hub for innovation and entrepreneurship,” Gov. Nixon said in a release.

The prototyping and product development center will serve students, entrepreneurs and the larger business community with a variety of resources, including a lab, rapid prototyping equipment, 3D printers and a business incubator.

“This facility will support education and economic development across the board,” UMKC Chancellor Leo E. Morton said in a release. “It will help entrepreneurs, inventors and small business be more successful in their ventures. And students from middle school to graduate school will get a first-hand taste of entrepreneurship and become grounded in the discipline of innovation.”

startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

2015 Startups to Watch

    stats here

    Related Posts on Startland News

    Looking for the right exit? Driven founders first must know their startup’s destination

    By Tommy Felts | February 7, 2024

    Setting an exit goal early is crucial when founding a startup, shared Robert Zhou, a Kansas City serial entrepreneur-turned-angel investor. “Every startup I mentor, I ask the founder this from Day 1: ‘What’s your goal?’” he explained. “‘Are you trying to build a business that you ultimately sell for $10 million? Is it $1 million?…

    Digital Health KC awarded $311K grant with goal to add 70+ jobs, $6M+ in wages across region

    By Tommy Felts | February 7, 2024

    Newly announced funding from the Missouri Technology Corporation is expected to boost a regional initiative that aims to open greater access to critical capital and partnerships for Kansas City area companies in a rapidly emerging industry. BioNexus KC — a catalyst for innovation in animal and human health — has received a $311,000 MOBEC (Missouri…

    MTC grant puts ‘cherry on top’ for KC startup closing its seed round; two more local companies earn MO funding

    By Tommy Felts | February 7, 2024

    A trio of Kansas City tech startups are among seven Missouri companies splitting $2.2 million in equity-based investments from the State of Missouri — a funding milestone that not only reflects momentum, but amplifies it, one grant-winning founder said. The Missouri Technology Corporation on Tuesday announced the awards from its IDEA Fund, with investments slated for…

    Nearly $500K in renewed MTC funding for LaunchKC expected to empower early-stage tech startups for years 

    By Tommy Felts | February 7, 2024

    A popular entrepreneur support program is getting fresh funding from the State of Missouri to continue its competition for non-dilutive grants, along with offering winning companies office space, educational programs, and access to mentors. LaunchKC, the non-profit initiative founded by the Economic Development Corporation of Kansas City, Missouri, (EDCKC) and Downtown Council is set to…