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
Report: Kansas City is the best locale for Millennial entrepreneurs
Overflowing with business resources, an affordable cost of living and a collaborative community of creatives, Kansas City recently was named the top U.S. destination for Millennial entrepreneurs. Thumbtack.com — a platform for customers to find various contract professionals in their area — named Kansas City, Missouri, as the best city for entrepreneurs born between 1980…
Solar-powered wearable Eclipse Rx puts sundown on skin cancer exposure
A doctor’s startup, Eclipse Rx, hopes to make skin cancer history. The Kansas City-based company, plans to release a solar-powered, sun-monitoring wearable this summer that will provide users with information about the level of sun they are receiving and how to prevent injury. The wearable communicates with a phone that will send alerts and information,…
IXKC: Racial bias conversation puts white faces in an awkward spot — the minority
Editor’s note: Check out photos from this event below the story. White people have to understand that they’ll never understand, said Lora McDonald. “White people only have to be ‘white’ when they’re in a room with other races. When they aren’t, they get to be individuals, not just a monolithic group,” she told a diverse…
Dimensional Innovations scores with massive Target Center design overhaul
Amid the hustle of a Minnesota Timberwolves game, fans peer through a glass floor at passersby in a lobby below. Looking up, a giant, neon-colored basketball sculpture looms overhead. It’s a moment created for curiosity and connection — designed by Overland Park’s Dimensional Innovations. Extending through multiple floors of the four-story Target Center in Minneapolis,…