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
LaunchKC pivoting from annual grants contest to supporting industry verticals, accelerators
LaunchKC is expected to focus on specific business verticals in 2019 — an effort to bring companies to Kansas City that can fill industry gaps, said Jim Malle. A revamped version of the annual grants competition eventually would grow those verticals into individual accelerator programs, said Malle, business development officer at the Economic Development Corporation…
Cowboy couture: WH Ranch lassos dream of making the ‘best blue jeans in the world’
Ryan Martin sold his best cowboy boots to buy high-quality denim for his western couture brand, said the founder of Kansas-based W.H. Ranch Dungarees. “I was always describing [my product as] ‘custom made’ but ‘couture’ really describes it best,” said Martin, detailing the laborious process that limits production to an average of four pairs of…
Keystone Award forecasts potential job growth thanks to soon-to-open iWerx-Gladstone
A still-in-the-works coworking space already is inspiring economic development north of the river, said Bob Martin, partner at iWerx, bolstered this week by a Keystone Award for business impact. “Before even opening our doors in Gladstone, we had commitments for nearly 30 percent of the more than 75 offices,” Martin said ahead of the entrepreneurial…
Experience unlocked: Aussie pop-up racing into KC in early 2019 with Mushroom Rally
Mushroom Rally — a real life Mario Kart race experience with roots in Australia — is expected to swerve into the Kansas City scene in early 2019, said James Harrison. “[Mushroom Rally] will hit 16 cities [next year], with Kansas City being one of them,” said Harrison, a race organizer for the experience pop-up. “We…