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

    Google Fiber

    Report illuminates Google Fiber’s commitment to bridging the digital divide

    By Tommy Felts | March 28, 2017

    In 2016, Google Fiber provided 36,000 digital training hours in Kansas City— that’s one-third of the national sum. This information comes from the tech giant’s inaugural Community Impact report, which was published earlier this month. In the report, Google Fiber assessed the progress the firm has made toward closing the digital divide nationally. “From the…

    Hundreds of investors, entrepreneurs heading to KC for InvestMidwest

    By Tommy Felts | March 27, 2017

    A midwestern venture capital forum that has led to over $1 billion in early-stage investments will convene in Kansas City on Tuesday and Wednesday, March 28 and 29. The 18th annual InvestMidwest conference aims to showcase the best early-stage, high growth tech companies in the region. The event regularly garners more than 300 attendees and…

    Events Preview: Gigabit Workday, KC Roundtable

    By Tommy Felts | March 27, 2017

    There are a plethora of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter, or curious community member — we recommend these upcoming events for you. Are you hosting a relevant community event? Feel free to add it to the FWD/KC calendar for increased exposure. Once your event…

    ShotTracker delivers real time stats for NAIA tournament

    By Tommy Felts | March 27, 2017

    Kansas City-based sports tech firm ShotTracker deployed their technology for the 80th National Association of Intercollegiate Athletics (NAIA) Division I Men’s National Championship Basketball Tournament, which ran March 17 through March 21. Co-founder and COO of ShotTracker Davyeon Ross said participating in the tournament was a great learning experience for the firm. “We received great…