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
Nominations for Techweek 100 list of premier KC innovators close Sept. 9
It’s not a ranking. Techweek 100 celebrates the whole spectrum of individuals and organizations who are impacting the business and technology landscape on a significant scale in cities like Kansas City, organizers said. Nominations close Sunday, Sept. 9. “Honorees include fast-growing technology companies, prominent sector investors, key contributing enablers of the digital ecosystem, those at…
Lenexa teen IDs winning medical solution with Parkinson’s detection tech FacePrint
Stanford University will have to wait. Eighteen-year-old Erin Smith is taking her medical technology venture, FacePrint, on the road. The Johnson County teen has been selected to join two prestigious fellowships to further develop FacePrint, which is a diagnostic and monitoring Tool for Parkinson’s Disease. She’s been tapped for $25,000 from the Davidson Institute for…
Velocity Lee’s Summit gets first big boost from city with $145K innovation investment
A $145,000 allocation for Velocity Lee’s Summit represents the first step in the City of Lee’s Summit getting serious about investing in innovation, said Grant Gooding. “There is a lot of talent in Lee’s Summit and we wanted to give entrepreneurs a place and an ecosystem to foster the development of their businesses,” said Gooding,…
Pure Pitch Rally returning to Techweek with land sharks hungry to invest more than $80K
A frenzy of land sharks ready to bite on startups’ best ideas is gathering at The American restaurant during Techweek to award up to $80,000 in cash and $500,000 in Amazon AWS Activate credits. The one-of-a-kind Pure Pitch Rally event — set for 4 p.m. to 6 p.m. Oct 10 — plays off the hit…