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
Hack Midwest offers coders freedom through 24-hour app creation competition
Technologists are often surprised by what they’re able to accomplish when they work together in a competitive format, Mike Gelphman said. That’s part of the reason Hack Midwest is returning this summer with the objective to inspire more techies to embrace their imagination, said Gelphman, founder of the competition, as well as KCITP, an area…
KCultivator Q&A: John Coler champions making a quick impact, packs of dolphins
Editor’s note: KCultivators is a lighthearted profile series to highlight people who are meaningfully enriching Kansas City’s entrepreneurial ecosystem. Today Startland takes a closer look at startup ecosystem champion John Coler. Check out our features on Made in KC’s Tyler Enders, Hispanic business builder Pedro Zamora, ‘fashionpreneur’ Jordan Williams, Plexpod founder Gerald Smith, innovation coach Diana…
Backed by $4M round, Hilary’s Eat Well expanding organic food line, hiring 10-15 workers
Hilary’s Eat Well is growing its plant-based food line, company leaders said. The move to diversify the company’s offerings — as well as to more efficiently produce larger quantities of its free-from (dairy- and gluten-free) products — comes as the Lawrence-based operation moves its storage to an off-site facility, freeing up manufacturing space, said Lydia…
City challenges startup leaders to swap social media for in-person dialogue on regulation
Editor’s note: Rick Usher is a member of the Kansas City Startup Foundation’s policy committee, and Sarah Shipley is a board member for KCSF, the parent organization of Startland News. This piece was independently produced. There’s a void of shared awareness between city government and the startup community, Rick Usher said. That’s why government officials and leaders…