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

    Evan Brown, Doodle Dood

    Doodle Dood paints between lines of business and art with Iron District mural, apparel

    By Tommy Felts | October 14, 2019

    Evan Brown refuses to draw out his accomplishments — or even the failures behind them — as he paints the career of a budding illustrator and muralist, he said. “I don’t really dwell. … That might be the reason I’ve been getting more and more projects within the past year,” said Brown, KC-based maker and…

    Andrea Savage, FeedKC, Pure Pitch Rally

    UMKC student-led FeedKC will pitch for donations, connections at Pure Pitch Rally

    By Tommy Felts | October 12, 2019

    Continuing a tradition of showcasing student entrepreneurs, Tuesday’s Pure Pitch Rally is expected to feature a pitch from FeedKC, a group run by students at the University of Missouri-Kansas City. And thanks to a private donor to the UMKC Bloch School of Management, all funds designated for FeedKC will be matched up to $10,000. Click…

    Ryan Weber, KC Tech Council; and Greg Kratofil, Polsinelli

    Report: KC tech industry brings in $12B, attracts Hyperloop, but city still struggling to fill talent pool

    By Tommy Felts | October 10, 2019

    Despite facing a shortage of skilled talent, the tech industry in Kansas City contributed roughly $12 billion — or about 10 percent — to the local economy in 2018, according to an annual report released by the KC Tech Council, a nonprofit that aims to spur tech growth in the city. Nearly one in 10…

    Sandy Kemper, C2FO unicorn

    Fresh off $200M funding haul, C2FO acquires India’s largest payment platform in bid to expand market position

    By Tommy Felts | October 10, 2019

    Kansas City-built C2FO will continue to expand its global prowess with the acquisition of India-based Priority Vendor, the startup announced Thursday.  “This is an important milestone in C2FO India’s journey,” said Pradeep Gode, C2FO’s country head for India, in a release about the acquisition of Priority Vendor — India’s largest early payment platform.  The move…