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
This keychain could stop an opioid overdose; carry the antidote — not the burden of guilt
ST. LOUIS — Easy access to life-saving naloxone (better known by the brand name Narcan) could’ve prevented the fatal overdose of Danielle Wilder’s close friend in college, the tragedy-prompted entrepreneur said. Her friend was in possession of naloxone — a fast-acting medicine that can reverse the deadly impacts of an opioid overdose when delivered near-immediately…
Brookside restaurant spot shifts from Irish to Mexican flavors as two families expand their dream
Two longtime friends and their daughters — all seasoned restaurant workers — are joining together in a new East Brookside restaurant they can call their own. Muy Caliente Grill & Cantina is scheduled to open later this month at 751 E. 63rd St., Suite 110, in the former Brady & Fox restaurant. Owners Fredy Rivera…
Landlord’s solution to Kansas housing crisis: 3D print his own home inventory
TOPEKA — Regularly confronted with a lack of supply in the housing market — and the subsequent higher prices — landlord and general capital investor Chris Stemler faced a multi-dimensional challenge. “I thought to myself, ‘How do I help solve an inventory problem?’ the Topeka-based Trident Homes founder said. “I know I’ve got renters who…
Just-launched retail hub gets first tenant, battling ‘blight of the heart’ on Troost corner
‘We are each other’s bootstraps’ Transforming a long-vacant building along Troost into a space for neighborhood small businesses is about empowering the entrepreneurs already living and working in the east side community, said Father Justin Mathews. The newly unveiled RS Impact Exchange — built within the renovated, 1920-built Baker Shoe Building at 3108-3116 Troost Ave.…