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
Manual entrepreneurship, refuge: ‘Farming is just the vehicle,’ says BoysGrow founder
“What’s the word?” “Respect!” shouted the teenage farmhands at BoysGrow, a two-year program dedicated to teaching entrepreneurship to urban youth through agriculture and farming. The 10-acre BoysGrow farm outside Grandview plays host to 30 to 40 boys, ranging in age from 15 to 17. They work, eat and learn on the nonprofit farm three days…
OP greenlights Edison District walking community envisioned by former startup executive
Less than a month after announcing the launch of a second coworking location in Johnson County, the former startup executive behind Edison Spaces revealed news of a new project: a mixed-use district that repurposes a block previously defined by its church grounds. Centered around a five-story office building that features a chef-driven food hall, the Edison…
High-growth additions: PayIt, Main Street Data earn slots in $19M KCRise Fund portfolio
Investing in Kansas City startups ultimately brings greater interest from outside funding sources, said Darcy Howe, KCRise Fund founder and managing director. “We continue to be impressed by the increasing early stage deal flow in our region,” Howe said Tuesday in announcing the additions of Kansas City-based PayIt and Main Street Data to the fund’s…
Digital Sandbox KC nabs $950K to continue regional startup impact
Already with a lasting legacy of growing the area entrepreneurial ecosystem, Digital Sandbox KC has received significant support that should fuel its program for years to come. The proof-of-concept incubator was recently awarded a combined $950,000 — $450,000 from the Ewing Marion Kauffman Foundation and $500,000 from the Missouri Technology Corporation. The two grants will…