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
Voting with cash: Meet the 8 Kansas City tech startups competing in the Pure Pitch Rally
The landsharks are circling and eight hungry tech founders are ready to sell their ideas at the fourth annual, invite-only Pure Pitch Rally, the early-stage funding platform announced Wednesday. “In Kansas City, we have the business soul and hunger to help others — through both community crowdsourced giving and offering others a stepping stone to…
Tea-Biotics opens ‘world’s-largest kombucha taproom’ with 32 flavors, Royals flare
The strength of Tea-Biotics’ new, world’s-largest kombucha taproom lies in its bold flavors — and a lot of them, said Lisa Bledsoe. “How good is fresh-pressed, organic blueberry? It’s great for you! It’s full of antioxidants,” said Bledsoe, founder of Tea-Biotics Kombucha, referencing just one of 32 variations on tap at the Olathe taproom. “How…
Global, KC investors charge Grandview-based battery innovator with 8-figure funding round
A Grandview-based leader in battery technology is building a charge for expansion as Spear Power Systems announced this week an eight-figure funding round with world-spanning reach and headline-grabbing international investors. “We are pleased with the quality and synergy of the syndicate,” said Jeff Kostos, president and CEO of Spear. “This investment enables Spear to scale…
Play It Forward reunites South Kansas City-inspired brands, startup leaders
A bright and sunny pre-autumn day silhouetted the shadows of basketball fans lining up last weekend to enter Smith-Hale Middle School. As the smells from a food truck and sounds of laughter filled the parking lot, players inside readied themselves for a South Kansas City showcase. “We wanted to involve many entities that are directly…