The Bunker Labs KC lands funding to help veteran entrepreneurs
May 18, 2016 | Bobby Burch
The area’s go-to organization for military veteran entrepreneurs, Bunker Labs KC, will boost its impact in the area with new financial support.
The local organization, which is a part of the national network of Bunker Labs, announced Wednesday that it received $100,000 from the Missouri Technology Corporation. The funds will primarily be used to bring the organization’s entrepreneur educational resources to active duty military members who are transitioning within the next six to twelve months.
“It is extremely rewarding that others see our vision and want to support military veteran entrepreneurs,” said Sean McIntosh, Bunker Labs KC executive director. “Many veterans have had unique leadership and management experiences conducting combat operations in Iraq and Afghanistan. Conducting these operations successfully requires constantly making the best decisions with the intel and resources you have at the time, while adhering to a strategic vision greater than yourself. This is also a fundamental aspect of startup life.”
The Bunker Labs KC offers entrepreneurship educational events, pro bono consulting and access to mentors as well as angel investors. Since its launch in 2014, the local organization has helped more than 400 military veterans.
McIntosh said that there are roughly 157,000 veterans in the Kansas City metro. In 2016, the Bunker Labs KC hopes to help 600 veterans with its entrepreneurial and business services. McIntosh,who previously worked with Sen. Jerry Moran, R-Kan., on the Veterans Entrepreneurial Transition Act of 2015, said that the Missouri Technology Corporation’s funds will help it directly reach out to active-duty military members to promote entrepreneurship as a career option before they transition into civilian life.
“Once fully established, (the Bunker Labs) network will be a powerful tool for Kansas City-based veteran entrepreneurs as they will have the ability to tap into angel investors, strategic corporate partners, and subject matter experts nationwide,” McIntosh said. “I can’t wait to see everything come together!”
The Bunker Labs KC is one of nine chapters of the Bunker Labs, which was launched in Chicago in 2014. Bunker Labs recently announced that it received a $1.5 million sponsorship from JP Morgan Chase that will aid the lab’s “Midwest Muster” military veteran entrepreneurship conference series, one of which will be held in Kansas City. The Kansas City Midwest Muster conference will be Sept. 21 at the Kansas City Convention Center.
2016 Startups to Watch
stats here
Related Posts on Startland News
$18M buyout of TomboyX shares shows investing in women pays off, says Women’s Capital Connection
Women are winning in Kansas City, said Kelly Sievers as 24 members of Women’s Capital Connection receive their return from an $18-million buyout of their shares in a Seattle woman’s startup. “They’re getting a great infusion of capital to grow even more and we also still have money in the company because we invested a…
Bungii launches on-demand hauling in Chicago; quirks of new markets steering KC startup’s agility
Bungii is quickly seeing results in the third-largest U.S. city, as the sharing economy startup leaves its tire prints on yet another market. “It’s early, but we are seeing very positive KPIs [key performance indicators] from the Chicago launch. It’s our fastest-growing record to date,” said Ben Jackson, co-founder of Bungii, which was founded in…
Connecting for Good refurbishes The Surplus Exchange with merger championing digital inclusion
Two Kansas City nonprofits are melding their expertise into a spearhead against the digital divide. “This is just the beginning of what will be a long-term love affair between Connecting For Good, digital inclusion, environmental leadership, and the Greater Kansas City metro and regional area,” said Tom Esselman, CEO of Connecting for Good. The Kansas…
Life kicked me around — then I found E-Scholars, says student-turned-UMKC mentor
Editor’s note: This article is sponsored by the University of Missouri-Kansas City’s Regnier Institute, but was independently produced by Startland News. Sticky, intricate, and at times invisible, Terri Jordan’s startup journey is a web spun of complexity, creativity and passion, she said. “I would’ve never met my business partner if I hadn’t said, ‘Hey, would…