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
Target Hill Capital defusing risk on startups between friends and family, seed funding stages
An opportunity to deliver exponential impact in a community committed to entrepreneurship has resulted in the launch of Target Hill Capital –– an outside-the-box venture capital fund, Marshall Dougherty said. “When we were involved [with previous startups], we compared notes and surveyed the startup ecosystem in Kansas City,” Dougherty said of the events that led…
Lenexa-based Aloe soothes health insurance enrollment pains with human touch
A patient’s “wow” moment shouldn’t be when he or she opens a medical bill and discovers procedures that unexpectedly aren’t covered by insurance, said Andrew Belt, co-founder of Aloe. “People are frustrated — frustrated because they don’t understand how their coverage works or what’s included, and it doesn’t seem like anyone they talk to understands,”…
LendingStandard plans innovation upgrade with $2.5M investment from Flyover Capital
An investment in innovation has landed Kansas City-based LendingStandard $2.5 million in investment funds following the close of a Series A funding round led by Flyover Capital, CEO Andy Kallenbach said. “These are folks that are well-known in Kansas City and have had software businesses in the past, and that’s a really rare combination,” Kallenbach…
Don’t just play the game: MECA Challenge urges students to innovate ‘school of the future’
Challenging Kansas City students to envision “the school of the future” will usher in a paradigm shift wherein teens can see themselves as customers of school, said Katie Kimbrell optimistically. “[Students] don’t even think, ‘Oh, I could rethink this whole thing that I’m experiencing,’ and choose — or even demand — something different,” said Kimbrell,…