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

    An insider’s guide to the 2016 Pipeline IOTY

    By Tommy Felts | January 19, 2016

    One of the region’s most highly-esteemed and exclusive events — Pipeline’s Innovator of the Year — is set for this Thursday in Kansas City. Attracting some of the most powerful businesspeople in the Midwest, IOTY is one part pitch competition, two parts black-tie gala and four parts party. It’s a cocktail of entrepreneurial energy, and…

    Digital Sandbox

    Digital Sandbox KC funding three UMKC student-led startups

    By Tommy Felts | January 19, 2016

    Kansas City business incubator Digital Sandbox KC selected three student-led companies for proof-of-concept funding support Tuesday. The enterprises were selected from the University of Missouri-Kansas City’s E-Scholar program and will join three other E-Scholar companies selected in June as part of Digital Sandbox’s partnership with UMKC. Each student startup will receive $10,000 in project development…

    Document: FarmLink raises additional $24.6M for ag tech

    By Tommy Felts | January 19, 2016

    Ag tech startups in Kansas City are plowing a promising 2016. Kansas City-based FarmLink recently secured nearly $24.6 million in investment capital for its farming technology, according to a Securities and Exchange Commission filing. The company offers a suite of tech services for farmers, including analytics platform TrueHarvest and machinery sharing platform MachineryLink Sharing. TrueHarvest…

    ‘PayIt’ up: Kansas City gov tech startup registers $4.5M investment

    By Tommy Felts | January 19, 2016

    Like the dozens of people around him, John Thomson’s 2013 wait at the Missouri Department of Motor Vehicles had him aggravated. It was such a pain — watching the queue slowly subside while working on his phone — that the entrepreneur did what innovators do: he built a company to alleviate the chore. Fast forward…