Kauffman Foundation dishes $840K to 8 area accelerators
May 30, 2017 | Bobby Burch
The Ewing Marion Kauffman Foundation is hitting the gas on its support of area accelerator programs.
As part of the 2016 KC Accelerator Challenge, the Kauffman Foundation announced Tuesday that it’s awarded a total of $840,000 in grants to eight local venture accelerator programs.
“Our goal is to increase entrepreneurial success in Kansas City through high-quality support programs because we know from recent research that more startups lead to higher productivity, wage growth and quality of life for the entire community,” Kauffman Foundation CEO Wendy Guillies said in a release. “We believe the startups are empowered when they connect to established resources. The KC Accelerator Challenge directly supports organizations that are demonstrably increasing early-stage entrepreneurs’ success and accelerating business through growth.”
The foundation’s accelerator challenge aims to cultivate the area’s entrepreneurial ecosystem through accelerators that provide mentoring, access to resources and other services helping entrepreneurs scale their companies. Grant recipients are required to meet a funding match of Kauffman Foundation funds.
Victor Hwang, vice president of entrepreneurship at the Kauffman Foundation, said that accelerators are key to a vibrant entrepreneurial community.
“Kansas City has many of the ingredients for a strong ecosystem for entrepreneurs,” Hwang said in a release. “The KC Accelerator Challenge is part of the Kauffman Foundation’s comprehensive approach to address barriers that too many of our entrepreneurs face in Kansas City and the Midwest.”
Area accelerator organizations receiving grants and sponsorships are:
- BetaBlox
- Enterprise Center of Johnson County’s Investment Bootcamp
- Helzberg Entrepreneurial Mentoring Program’s Amp Up
- Sprint Accelerator
- Techstars Kansas City
- Project United Knowledge
- Rightfully Sewn
- ScaleUp! Kansas City
The challenge is part of the Kauffman Foundation’s Zero Barriers movement, which is a national campaign to address barriers that entrepreneurs face. Another program within Zero Barriers is Inclusion Open, a grant program that aims to enable champions of underrepresented entrepreneurs to expand their services to topple barriers.
Featured Business
2017 Startups to Watch
stats here
Related Posts on Startland News
Six months after acquiring KC startup, BarGlance expands its AI-powered nightlife app across US
Launching its latest innovation — BarGlance AI — in nightlife hotspots like Dallas, Las Vegas, Miami, and Kansas City is only part of the story for a South Carolina-based company that recently augmented its tech by integrating features from a Kansas City startup it acquired. By providing real-time data on venue popularity, crowd levels, and…
Cosmo Burger expanding to standalone Crossroads spot, smashing into brand’s longtime brick-and-mortar dream
Cosmo Burger’s days as a side dish only will soon be over, the rapidly iconic smashburger’s creator said this week, announcing plans for a new restaurant in the East Crossroads where its signature menu item finally becomes the main course. Owners of the burger stand-within-a bar concept confirmed the new location will open at 1813…
‘It’s time to be brave’: This entrepreneur has a plan if she’s deported (and a spiritual mission if she stays)
She’s a mother, an entrepreneur and a healer — but for some, Alex Villalobos-McAnderson is just what’s on paper, the Kansas business owner said Alex Villalobos-McAnderson — like many immigrants within the borders of the United States — is living life in limbo, she shared. But the Shawnee-based energy medicine practitioner and owner of Villalobos…
Kauffman adds comms leader to boost transparency, clarity as Foundation moves into new era of engagement
During a time of change and transition, a clear voice is more critical than ever, leaders of the Kauffman Foundation said Thursday, announcing Amy Unruh as the influential philanthropic organization’s new communications director. “We’re in a really exciting chapter for the Foundation,” said Dr. Susan Klusmeier, chief of staff for the Ewing Marion Kauffman Foundation.…