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
Innovation Festival returns Aug. 16 with focus on human connections in a surging biotech hub
While the third iteration of BioKansas’ Innovation Festival might initially seem scaled back, said Dr. Kevin Mills, the summer biosciences conference is amping up its emphasis on what makes Kansas City a great biotech hub. “The idea is really to get people with really diverse viewpoints and diverse jobs and careers together to hear from…
I’m with Hank: Meet the tribute-turned-brew child of these beer-drinking serial entrepreneurs
A limited-release craft lager at Jim’s Alley Bar and Alma Mader Brewing pays homage to classic American brewing traditions and a shared family name, said Nick Mader and Eric Flanagan. The duo joined forces this summer to release “Hank” — in honor of several family relatives with the middle name “Henry,” as well as Flanagan’s…
CPKC Stadium, Rabbit hOle named to TIME magazine’s list of ‘World’s Greatest Places’
Two recently opened Kansas City attractions were announced today among 100 extraordinary destinations to visit; named to TIME’s list of the World’s Greatest Places. TIME’s annual feature includes CPKC Stadium, home to the KC Current and the first stadium in the world purpose-built for a women’s professional team, and The Rabbit hOle, a North Kansas…
Kansas artist carves Kamala Harris’ portrait into a field — and left room for her VP pick
Editor’s note: The following story was published by KCUR, Kansas City’s NPR member station, and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for KCUR’s email newsletter. World-renowned crop artist Stan Herd is almost finished with the portrait of the presumptive Democratic presidential nominee outside Lawrence, Kansas, near…