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
No risk, no reward: Adding three new stores is more than just boss moves for Isaac Lee Collins; it’s betting his livelihood on going big
Kansas City’s frozen yogurt game is getting a major upgrade as Fifth & Emery Frozen Yogurt and Chocolate prepares to open three new locations in Zona Rosa, Olathe, and Lenexa this year. “I didn’t work this hard just to stop here,” said founder Isaac Lee Collins, who previously operated the venture as a handful of…
Heart-shaped goalllll: How city’s favorite parade of art, culture creates 150 openings for KC in 2026
Parade of Hearts scores new sculpture design as campaign looks down the pitch to World Cup potential A newly revealed sculpture design for the 2026 Parade of Hearts campaign is more than just the fiberglass from which it takes shape, Carmen Zuniga told a crowd gathered for a sneak peek at the prototype for the…
URL to IRL insights: KC analytics startup downloads $1.2M pre-seed round powered by coalition of VCs
The region’s investment community is rallying around an Overland Park tech startup that unlocks insights from videos online and beyond — and its trio of Kansas City founders is grateful to see local talent earning capital that more easily flows to coastal innovators. A $1.2 million pre-seed for dScribe AI is expected to fuel growth…
How KD Academy is redefining childcare as a pillar of KC’s economic growth
Editor’s note: The following story was written and first published by the Economic Development Corporation of Kansas City, Missouri (EDCKC). Click here to read the original story. In the heart of Kansas City, a state-of-the-art facility — embodying innovation in early childhood education and economic development — works day-in and day-out to meet the demands…