AltCap launches small business competition in KC
September 9, 2015 | Ashley Jost
After a recent rebrand, Kansas City-based AltCap is back with a new small business competition aimed at local entrepreneurs.
AltCap program manager Christine Kahm said their first program is seeking to aid those businesses who aren’t looking for venture capital funds or angel investors, but who do need help getting their business idea off of the ground. AltCap – short for alternative capital – was the product of KCMO CDE’s rebrand last month.
“We’re trying to provide an opportunity for folks who are either in business and maybe struggling and want to grow, or those with an idea who need help getting it off of the ground,” Kahm said.
The program is a competition, and entering is free. Cash prizes for the top three finalists range from $500 to $5,000.
It is geared more toward “people who are looking to build a lifestyle and help provide for their family with their business idea,” Kahm said.
In addition to the cash prizes, the finalists also receive a scholarship to AltCap’s 16-week business-building workshop, marketing assistance, help finding office or retail space and consulting services.
The application is free, which Kahm said she hopes motivates anyone who is interested to consider it. Applicants have to submit a one- to two-minute video pitch about their business idea to AltCap by Sept. 30. Those that make it past round one will submit business proposals and financial templates to progress further in the competition.
2015 Startups to Watch
stats here
Related Posts on Startland News
Bacon Explosion pizza partnership with Minsky’s tops meaty six months for Megan Day
There’s more than one way to slice Burnt Finger BBQ’s signature sausage log, Megan Day said. For the Bacon Explosion Pizza, that’s julienned — with barbecue sauce and pickles. “The taste that comes through from the Bacon Explosion is the star of that pizza,” added Mike Burr, general manager for Minsky’s Pizza, which has partnered…
Former Google, Uber exec running for office in Kansas
Mapping expert Brian McClendon is plotting a route to the Kansas State Capitol. The former Google and Uber executive on Monday launched his candidacy for Kansas secretary of state, a role that would task him with administering state elections and voter registration. Currently, a research professor at the University of Kansas, McClendon co-founded the tech…
‘Be the Boss’ invites probation, parole clients into entrepreneurial ecosystem
Would-be entrepreneurs who are returning from incarceration shouldn’t feel excluded from Kansas City’s startup ecosystem, Kyle J. Smith said. Be the Boss, a support group launching next month under Smith’s leadership, aims to provide a welcoming environment free from the stigma associated with a criminal history, he said. “When we’re being honest about the elephant…
Wesley Hamilton earns international WeWork award, surprise $18K prize
When he arrived in New York City this week to accept one of four WeWork Community Giver awards, Wesley Hamilton was shaking with pain, he said. “My body was hurting so bad, I knew something great was going to happen,” said Hamilton, a Kansas City adaptive athlete and founder of the nonprofit Disabled But Not…