Just funded: First wave of Alchemy Sandbox grants aim for ‘snowball effect’ in KC

February 19, 2022  |  Tommy Felts

Marlena Blackman, Shots by Miko: Custom Cocktails & Shots; India Wells-Carter, Fresh Factory KC; Nicole Smith, His Temple Healthcare; Kalia McKinley, OCD Diva & Co.; Alonzo Wyatt, Monarch Cigars

A new grant program has selected its first five awardees — with 15 more to come in 2022 — aiming to create rolling momentum for Kansas City’s main street businesses, said Miranda Schultz.

Miranda Schultz, Daniel Smith, Charon Thompson, and Jahna Riley, The Porter House KC

Miranda Schultz, Daniel Smith, Charon Thompson, and Jahna Riley, The Porter House KC

The Alchemy Sandbox Program on Friday announced its first quarter grantees with entrepreneurs selected to receive as much as $5,000 for their back office, equipment cost, rental assistance or general system needs. The initiative is directly supported by a recent $350,000 donation from UMB Bank to boost programming at The Porter House KC, which runs Alchemy Sandbox.

“We hope the impact of this program looks, much like, a snowball effect,” said Schultz, program manager at The Porter House KC. “While $5,000 dollars might not seem a lot for some, this funding infusion will allow for these small businesses not only to scale deeper within their own business operations (i.e. additional staff hiring opportunities, new system integrations, and updated equipment (just to name a few), but also deeper into the communities that they serve.”

First quarter grantees include:

The selection process involved an online application, two-minute video, a “how to” pitch workshop, and a 7-minute pitch to a panel of judges, Alchemy Sandbox organizers detailed.

“We gave each small business owner the opportunity to experience, practice, and ultimately challenge themselves on what it takes to be a small business owner ‘pitching’ for funding — a valid skill for our small business owners to attain long past the Alchemy Sandbox Program,” Schultz said.

Click here to learn more about the Alchemy Sandbox launch.

“At the end of the day, we know that the impact COVID has had, specifically on the small business community, has felt like a never-ending conversation for the folks that we serve,” Schutlz continued. “In response to that present factor, we hope that this Alchemy Sandbox Program will allow these business owners to continue to build and sustain their businesses here within the local community.”

Five founders are expected to be selected for Alchemy Sandbox each quarter, with applications running until November 2022.

All are encouraged to apply, but PHKC Alchemy Sandbox is best positioned to help companies that have been in business at least 12 months, are located in KCMO, have defined business ideas and clear need for the funding support. 

Click here to apply to the PHKC Alchemy Sandbox.

Applicants do not need to have previously participated in The Porter House KC, but organizers have encouraged founders seeking out more opportunities and mentoring to look into the programs The Porter House KC offers. The Kansas City entrepreneur support organization not only offers an expanding alumni network, but serves as a stepping stone to additional programming and resources in the metro and region.

Among the Alchemy Sandbox’s first recipients, Wells-Carter and McKinley graduated from The Porter House KC’s small business development program, and Blackman participated in its mentoring program. 

“From a PHKC Alumni standpoint, we were so excited to see three out of five business owners who were selected for the funding infusion to be graduates of our programs,” Schultz said. “While our intention was always to provide direct funding infusion to the local community (period), we love seeing our Alumni choose to continue to rock with us and the programs that we’ve developed.”

This story is possible thanks to support from the Ewing Marion Kauffman Foundation, a private, nonpartisan foundation that works together with communities in education and entrepreneurship to create uncommon solutions and empower people to shape their futures and be successful.

For more information, visit www.kauffman.org and connect at www.twitter.com/kauffmanfdn and www.facebook.com/kauffmanfdn

startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

2022 Startups to Watch

    stats here

    Related Posts on Startland News

    New Lean Lab approach hopes to better position ed tech startups

    By Tommy Felts | April 28, 2017

    With applications now open for the incubator’s fourth cohort, the Lean Lab hopes a pivot in its approach will foster more savvy education startups. Offering office space, mentorship, direct access to area school systems and up to $35,000 in support, the Lean Lab will soon select five promising education tech startups from around the world…

    KCPS superintendent Dr. Bedell: The mission to serve KC kids ‘is our boss’

    By Tommy Felts | April 28, 2017

    Editor’s note: To fulfill Startland News’ mission of highlighting challenges in Kansas City, we asked Dr. Mark T. Bedell, the Superintendent of Kansas City Public Schools, to share his vision reintegrating local schools. The opinions expressed in this commentary are the author’s alone.  I have a mission in Kansas City, Mo. to help lead the…

    Lyft and Kansas City may reunite thanks to new ride-sharing law

    By Tommy Felts | April 27, 2017

    Missouri Gov. Eric Greitens on Monday signed legislation that could bring the ride-sharing company Lyft back to the Kansas City market. Passed with strong support from Missouri lawmakers, Gov. Greitens’ signature sets forth regulations for ride-sharing companies such as Uber and Lyft, including licensing fees, background checks and inspections. Lyft halted its Kansas City operations…

    For its KC intro, WeWork plans event series to connect

    By Tommy Felts | April 27, 2017

    In efforts to pump up the Kansas City community prior to its launch, WeWork announced KC Connected, an event series at its new Corragain Station coworking space. The first event is  May 10 and aims to get local entrepreneurs prepared for the coworking giant’s global grant competition, the Creator Awards. “Our goal is to help…