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
Crossroads collaboration brings booch on tap, kegs, mocktails to MO’s (new) biggest kombucha taproom
Brewer’s Alley in the East Crossroads is getting a new kind of taproom, Kortney Lee and Lisa Bledsoe shared. In a freshly bottled collaboration, Tea-Biotics Kombucha opened Missouri’s largest kombucha taproom Friday in the former home of Community Groceries Crossroads Market. “Beer is brewed; Kombucha is brewed, as well,” said Lee, who owns Community Groceries…
Crowdfunding platform for small businesses launches local hub for KC entrepreneurs
Editor’s note: KC BizCare is a partner of Startland News. A newly announced partnership with the international non-profit Kiva is expected to boost Kansas City entrepreneurs who have had difficulties securing traditional bank loans — offering access to social underwriting and affordable starting capital. Kiva Kansas City (Kiva KC), a crowdfunded microloan program for small businesses,…
Digital Sandbox KC secures $450K to support startups’ prototyping, proof-of-concept needs
As Digital Sandbox KC marks its 10th year in 2024, the popular funding program — and a key marker of emerging success for young tech startups in Kansas City — has earned a new round of financial backing from the State of Missouri. Spread over three years, a $450,000 MOBEC (Missouri Building Entrepreneurial Capacity) project grant…
Mayor: ‘KC is on fire’ (and the city needs to keep turning up the heat); Lucas urges investment ahead of World Cup, major events
Kansas City, Missouri, is its strongest fiscal position ever, said Mayor Quinton Lucas, emphasizing the city’s potential to capitalize on that economic stability — coupled with headline-grabbing national attention thanks to the Chiefs — to tackle a range of concerns facing entrepreneurs and workers. Opportunities for investment, growth, redevelopment and crime prevention for small businesses are…