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
Looking for nation’s lowest-cost small cities for startups? No. 9’s in the KC metro
A Kansas City suburb finds itself among the top 10 lowest-cost small cities for starting a business, according to a new nationwide report. Raytown, Missouri, lands at No. 9 on the ranking by personal finance website WalletHub — just below Cape Girardeau, Missouri, at No. 8. The rest of the top 10 is filled by…
Merit-based economy is an illusion ripe for AI disruption, talent coop founder says
Organizing Midwest talent to use artificial intelligence and machine learning to combat societal challenges like income inequality could be a powerful tool for a new generation of problem solvers, said Brian Curry. “I truly believe in the possibility of artificial intelligence for changing the way we look at jobs, income, capitalism, poverty, wealth disparity, disease…
Video: Check out 8 elevator pitches from this year’s Sprint Accelerator companies
With a cohort of companies ranging from artificial intelligence to organic ice cream sandwiches, Sprint Accelerator demonstrates its strength by creating an environment where founders and their teams can learn and develop alongside disparate forms of innovation, Doug Dresslaer said. “They’ve all started realizing they can work together — they’re all on the same side,”…
KCultivator: Kemet Coleman urges KC to think progressively, says music kept him alive
Editor’s note: KCultivators is a lighthearted profile series to highlight people who are meaningfully enriching Kansas City’s entrepreneurial ecosystem. The KCultivator Series is sponsored by WeWork Corrigan Station, a modern twist on Kansas City office space. From the Royals to slow jams with Mayor Sly James, Kansas City serves as an inspirational force in Kemet…