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

    UMKC top student entrepreneur’s refrain: It isn’t how many ideas you have, it’s what you do with them

    By Tommy Felts | October 29, 2022

    Improvising is vital in jazz and entrepreneurship, noted Tate Berry, UMKC Student Entrepreneur of the Year. A double major in jazz studies and business administration, Berry is well-versed in both. “Composing music is a very long collaborative creative process, which has given me the skills to look at intricate problems from a distance and develop…

    Marsha Willis joins Facebook accelerator to boost 30K-strong community of Black-owned businesses, supporters

    By Tommy Felts | October 29, 2022

    Marsha Willis’ decade-long journey of supporting Kansas City-based, Black-owned businesses is headed to the next level — thanks to a funding infusion from Facebook and Willis’ own focused commitment to providing elevated experiences to the online community she’s built. “Our focus is to create a centralized place where we can share resources and education for…

    The Popper drips with KC: Why this award-winning brand won’t quit ‘until the aliens on other planets know’ his city 

    By Tommy Felts | October 27, 2022

    Walter Edwin is better known as the Popper, but it might as well be “KC,” he said. His love for Kansas City has inspired both his music career and award-winning apparel business. As a performer, he’s rapped about his hometown on his singles “I’m KC” and “For the City,” and as a collaborator on Tech…

    10 finalists vying for ‘Fan Favorite’ in AltCap Your Biz competition; Here’s how to vote

    By Tommy Felts | October 27, 2022

    AltCap’s marquee GEWKC competition for emerging entrepreneurs is returning in November, but fans of the businesses can cast votes now to determine a $2,500 “fan favorite” winner at the coming pitch event. Ten finalists for the AltCap Your Biz competition were announced this week. The live pitch day is set for Nov. 17 at iWerx…