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
6 tips and tricks to stay sane while scaling fast
Frequently taking on more demands and shirking personal care, entrepreneurs’ work-life balance often skews toward work. Deadlines, finding clients, making payroll and dozens of other stressors can put entrepreneurs at risk of mental illness or compound existing challenges. Furthermore, entrepreneurs are disproportionately affected by such issues as ADHD, bipolar disorder and depression, according to studies…
Video: How to use the lean model canvas for fun and profit
Editor’s note: Continuing our mission to help area entrepreneurs and startups grow, we’re happy to share with you a video from our friends at Kansas City-based tech agency Crema. Learn more about the agency here. Starting a business, or launching a product is really hard. Most people will tell you to first come up with…
Visualize Kansas City’s digital divide with this new Smart City tool
A canyon between those with consistent access to computers and the Internet and those who don’t, the digital divide is often discussed in the abstract. However difficult to conceptualize in a broad scale, the digital divide in Kansas City has real economic, cultural and social implications in our community. That’s why the City of Kansas…
Legal review: Supreme Court’s unanimous patent troll ruling, effects on KC
A recent ruling by the U.S. Supreme Court is being hailed as a significant blow to so-called patent trolls. Supreme Court justices unanimously ruled on Monday that patent infringement lawsuits may only be brought against defendants in the state in which the company is incorporated. The ruling dings “patent troll” plaintiffs that shop the country…