Digital Sandbox KC nabs $950K to continue regional startup impact

July 10, 2018  |  Bobby Burch

Jeff Schackelford

Already with a lasting legacy of growing the area entrepreneurial ecosystem, Digital Sandbox KC has received significant support that should fuel its program for years to come.

The proof-of-concept incubator was recently awarded a combined $950,000 — $450,000 from the Ewing Marion Kauffman Foundation and $500,000 from the Missouri Technology Corporation.

The two grants will help the organization’s efforts to award funding to promising startups in the Kansas City area, said Jeff Shackelford, director of Digital Sandbox KC.

“We’ve found that the Sandbox fills a critical gap for early-stage companies in Kansas City,” Shackelford said. “Support from the Kauffman Foundation, MTC and the surrounding communities allows us to continue to significantly increase the volume of high-growth potential startups, who in turn create more new jobs in the region.”

Launched in 2013, Digital Sandbox offers up to $20,000 in grants to startups with a focus of bringing a product from idea to commercialization. The organization has worked with more than 500 entrepreneurs and early-stage companies across the Kansas City metro.

Digital Sandbox has helped to make a significant economic impact in Kansas City via its support of dozens of startups. Since its launch about five years ago, Digital Sandbox has issued $1.9 million in project funding to 100 early-state firms that have created 585 new jobs with more than $14 million in payroll, according to the organization. The startups also have gone on to raise more than $50 million in follow-on funding.

“Our success is a direct result of the quality and quantity of entrepreneurs in Kansas City,” said Shackelford. “By capping the Sandbox project size at $20,000 we can support even more early-stage ideas and keep the program’s momentum growing.”

The incubator’s impact has been vital to spur growth in Kansas City, said Erin Jenkins, program officer at the Kauffman Foundation.

“Digital Sandbox KC plays a pivotal role in the Kansas City entrepreneurial ecosystem,” Jenkins said. “Working together creates an excellent opportunity to reduce barriers for early-stage companies.”

Since 2016, Digital Sandbox has established partnerships with GXP Investments, the City of Independence, St. Joseph, Missouri and Olathe, Kansas, to launch proof-of-concept incubator programs.

Click here to learn more about the program.

startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

2018 Startups to Watch

    stats here

    Related Posts on Startland News

    Nile Valley Aquaponics grand opening brings sustainability, hope to community

    By Tommy Felts | March 29, 2017

    A sustainable greenhouse with the aim to empower one of Kansas City’s most underserved communities launched on Friday after two years of raising funds and preparation. With partners such as the City of Kansas City, Mo., Kansas City Power and Light, Barkley and HOK, Nile Valley Aquaponics celebrated with an open house at the site…

    Royal Street Ventures, Kauffman Foundation announce KC University Venture Program

    By Tommy Felts | March 28, 2017

    The early-stage capital scene in Kansas City is getting a youthful shot in the arm. Designed to give Kansas City-area university students interested in entrepreneurship and private finance deep and real-world experience, the newly announced Kansas City University Venture Program aims to create a pipeline of experienced, young early-stage investors. Led by Royal Street Ventures…

    Random act of kindness fueled by KC’s startup community goes viral

    By Tommy Felts | March 28, 2017

    Openness, willingness, humility, diligence and kindness. These are the words that Donald Carter would use to describe Kansas City’s startup community, which he said had a profound impact on his life perspective.  “(These values) are prevalent among all the people from the startup community I’ve met, which made a deep impression on me,” Carter said.…

    Listen: From Brazil to Kansas City, furniture entrepreneur shares journey

    By Tommy Felts | March 28, 2017

    Editor’s note: In partnership with the KC Greats podcast, hosted by Scott Parman, Startland News hopes to offer its audience more avenues to learn about entrepreneurs in Kansas City. Opinions expressed in this commentary are the author’s alone.  In this episode, host Scott Parman welcomes the founder of Freedom Companies Carol Espinosa.  Hailing from Rio…