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
Fund Me, KC: FireBoard’s thermometer cooks up smarter chefs
Startland News is continuing its segment to highlight area entrepreneurs’ efforts to accelerate their businesses. This is an opportunity for entrepreneurs — like Fireboard founder Ted Conrad — to share their stories to gain a little help from their supporters. Back FireBoard’s Kickstarter here. Who are you? Ted Conrad, founder of FireBoard What does FireBoard…
Serial entrepreneur Gary Fish’s new venture is ‘about helping others be successful’
After over a year of settling down into a relaxed lifestyle, serial entrepreneur Gary Fish found that he missed the thrill of competition that comes with running a business. In April, the successful Kansas City businessman launched Fishtech Labs — a managed security services company that also boasts an investment arm that targets tech firms.…
Ahead of KC Coworking Week, leaders dispel industry misconceptions
About a year ago, leaders in Kansas City’s coworking industry banded together in an alliance to bring awareness to their trade. The Kansas City Coworking Alliance has grown as a catalyst in the area startup community, promoting independent collaborative working among entrepreneurs and remote workers. Comprised of 10 studios around the metro, the group is…
Gratitude inspires study of Arabic, storytelling-mission for Techweek CEO
Polished and poised, Amanda Signorelli is one part executive and two parts storyteller. As CEO of Techweek, Signorelli leads a team whose mission is to highlight and catalyze innovation hubs outside Silicon Valley. Much like Kansas City’s entrepreneurial ecosystem, Signorelli’s organization is trumpeting the message that a vibrant tech community isn’t exclusive to trendy, Bay…