Techstars to launch new accelerator program in Kansas City
October 19, 2016 | Bobby Burch
Accelerator guru group Techstars announced Wednesday that it’s launching a new program in Kansas City after leading the Sprint Accelerator for three years with Sprint.
Lesa Mitchell
Lesa Mitchell, a former vice president of innovation and networks for the Ewing Marion Kauffman Foundation, will serve as the managing director of the Kansas City accelerator.
“We’re excited to announce that we’re deepening our commitment to the rapidly emerging startup ecosystem in Kansas City with the launch of Techstars Kansas City,” the company said in a blog post. “We are excited to continue to support this thriving entrepreneurial ecosystem.”
Like its accelerators in Seattle, Boston, Boulder, Austin, London and Berlin, the Kansas City program will have a “horizontal” focus that will accept promising tech startups in nearly any field.
The new program also will retain a similar model to the Sprint Accelerator in that it will be an intensive three-month and mentor-driven experience. It also will inject $120,000 in capital into each startup in exchange for 6 percent equity. It also will host a demo day to show off its participating startups after the program concludes.
Techstars has yet to determine where its facility will be in Kansas City. Though it has a managing director in Mitchell, the organization still must hire a program manager and several associates.
Applications for the program will open in January 2017 and the program will begin in July 2017. Similar to its program with Sprint, Techstars will select 10 startups from around the world.
The accelerator group appears to be still searching for corporate partners in Kansas City, and asked interested companies to email info@techstars.com
Techstars co-founder Brad Feld is no stranger to the Kansas City area. An advisor for the Kauffman Fellows program, Feld also purchased a house — the Feld Fiber House — for entrepreneurs in the Kansas City Startup Village.
Techstars in May indicated that it would maintain its roots in Kansas City regardless of a corporate sponsor. Former Techstars managing director John Fein said in May that Techstars has loved its time in Kansas City and was then in conversations with several area corporations for prospective partnerships.
“The good news is that Techstars is 100 percent committed to Kansas City,” Fein said. “We’ve valued the Sprint partnership over the past three programs and hope that we can continue to do this with Sprint. But regardless, Techstars is 100 percent committed to growing the Kansas City community. … The bottom line is that there’s a ton of momentum in Kansas City, and Techstars recognizes that and wants to continue to play a role in that.”
Stay tuned for more information on this news.
2016 Startups to Watch
stats here
Related Posts on Startland News
1 Million Cups presenters have shot at $10K
One of the Ewing Marion Kauffman Foundation’s most popular programs, 1 Million Cups, will soon be offering entrepreneurs more than its typical morning refreshments. Program leaders announced Wednesday that it’s launching the “One in a Million” competition, in which former presenters in the program could snag $10,000. Now in more than 70 cities worldwide, 1…
DivvyHQ raises $1.8M for marketing tech
Kansas City-based DivvyHQ is ready to hit the gas after its latest investment round that will more than double its team. The marketing tech firm recently closed on a $1.8 million Series A round to boost its staff headcount and marketing outreach. Investors in the round include Dallas-based venture capital firm DAN Fund, Dundee Venture…
Mental health startup Start Talking goes mobile, scores $150K in tax credits
Depression affects about one out of every 10 Americans, including at one time Start Talking founder Mark Nolte. While a rough time in his life, Nolte’s struggle with depression in 2010 eventually led him to launch a venture that’s more easily connecting people with the help they need. Lenexa-based Start Talking offers patients a psychotherapy…
Video: KC women in tech talk challenges, engagement
While Kansas City ranks as a top locale for ladies in technology, there’s still work to be done to create more gender diversity in the industry. This video — created in collaboration with Kansas City Public Television and videographer Brad Austin — explores some of the challenges that women face in a male-dominated field and how to engage more women…