LaunchKC earns honors of its own, must still keep hustling, KC eco devo leader says
October 13, 2018 | Elyssa Bezner
Receiving the Bronze Excellence in Economic Development Award proves the real market value for programs like LaunchKC, said Drew Solomon.
Drew Solomon, Economic Development Corporation of Kansas City
The win has been energizing, said Solomon, senior vice president of business and job development at the Economic Development Corporation of Kansas City, which partners with the Downtown Council of Kansas City to make the program liftoff.
LaunchKC awards $500,000 to nine startups each year through its popular grant competition. Click here to read about this year’s winners — awarded Friday in Power & Light.
The program earned its own honor earlier this month from the International Economic Development Council, the world’s largest membership organization for economic development professionals, in Atlanta, Georgia.
“[The award is] validating, but there’s still a ton of work to do,” said Solomon. “We’ve got to keep hustling and doing all the things that we do.”
LaunchKC has awarded $1.5 million in funding to 29 startups to date, spanning a spectrum of tech-related industries, according to a press release.
“This year, our judges reviewed some extraordinary projects that advanced both communities and businesses,” said Craig Richard, 2018 IEDC board chair. “What we learn from each other helps us to grow and advance as a profession. We look forward to even greater participation from economic developers across the globe in the 2019 awards program.”
Click here to read more about how LaunchKC has impacted grant recipients.
Featured Business
2018 Startups to Watch
stats here
Related Posts on Startland News
VC summit: It’s a great place to ‘keep your head down and build’ — but is ‘KC nice’ slowing potential?
Building a startup in Kansas City comes with a mix of unique benefits and challenges, said serial entrepreneurs Riddhiman Das and Toby Rush, who both agreed the local ecosystem is enjoying “significant” momentum — while pushing the startup scene to be “more aggressive and more brutally honest.” “When you’re on an exponential growth curve, whenever…
Winners revealed: LaunchKC awards $300K in rebooted grants competition
LaunchKC’s cornerstone grants celebration returned Tuesday after a four-year hiatus, awarding six Kansas City startups — from gaming and edtech to IoT and healthcare — with $50,000 each in non-dilutive grants. “A win for these companies is a win for Kansas City,” said Becca Castro, strategic initiatives manager for the Economic Development Corporation of Kansas…
‘Perfect is the enemy of progress’: KC founders say the right time for entrepreneurship is now — even if mistakes are inevitable
Early in John Thomson’s entrepreneurial journey, the PayIt co-founder realized no one had all the answers, he shared; and anyone who waits until they feel comfortable enough to start a business will be waiting forever. “We’re all imperfect, certainly fallible. You’ve got to keep going and not worry about perfect. Perfect is the enemy of…
Co-founder of nonprofit that boosts Black businesses among two winners of $100K Pinnacle Prizes
Brandon Calloway reflects the best of Kansas City’s young leaders, said Maurice Watson, announcing the G.I.F.T. co-founder as one of two winners of the 2022 Pinnacle Prize — an award that comes with a no-strings-attached $100,000. “Brandon grew up in the urban core and is motivated to make social and economic conditions better than those…