LaunchKC eyes startups building ‘a more prosperous and equitable future’; Social Venture Studio opens apps
January 5, 2023 | Startland News Staff
A program created in late 2021 to help boost promising social ventures as they create sustainable business models to tackle social, racial, or environmental issues is returning this spring for its second cohort.
LaunchKC’s Social Venture Studio is now accepting applications for its program, which aims to drive social impact and return on investment via socially-minded entrepreneurs selected for its four-month curriculum.
“Increasing access to capital, resources, and opportunities for BIPOC and female leaders is imperative to both solving social problems and having a robust business community,” said Jacqueline Erickson Russell, founder and CEO of Social Impact Advisory Group, a consulting agency that helps lead programming for the effort.
“Social Venture Studio will be empowering the next high-growth organizations who can lead the way to a more prosperous and equitable future,” she continued.
Click here to apply for LaunchKC’s Social Venture Studio. Applications close March 1.
Natasha Kirsch, Pawsperity, at the demo day for the 2022 LaunchKC Social Venture Studio; Photo by Tommy Felts, Startland News
The Social Venture Studio is seeking a diverse group of leaders. The selected five to seven companies will participate in a cohort that receives professional support, grant awards ranging from $20,000 to $40,000, temporary office space at the Keystone CoLAB, mentoring, and network connections to strengthen their social venture business concepts, according to LaunchKC.
An information session is planned for Jan. 25 at the United Way of Greater Kansas City, where interested individuals may learn more about the Social Venture Studio, ask questions, and meet past cohort members.
Click here to register for the Jan. 25 information session.
“Last year’s program was a big success,” said Jim Erickson, director of strategic initiatives for the Economic Development Corporation of Kansas City, which organizes LaunchKC efforts alongside the Downtown Council of Kansas City. “Headed into Year Two and beyond, we’re looking forward to scaling this effort in KC and across the region to drive generational economic change.”
RELATED: LaunchKC shines spotlight on founders as first social venture studio cohort takes the stage
Chef Shanita McAfee-Bryant, The Prospect KC, at the demo day for the LaunchKC Social Venture Studio
Jacqueline Erickson Russell, Social Impact Advising Group, at the demo day for the LaunchKC Social Venture Studio
The inaugural program in 2022 supported seven Kansas City-based entrepreneurs with programming and grant funding to scale their businesses. The effort was also recognized by the International Economic Development Council (IEDC) with its Excellence in Economic Development Award for the program’s work in promoting economic equity and inclusion.
Similar to the 2022 program, Reconciliation Services, which owns a prominent KC social venture — Thelma’s Kitchen — will closely advise as a social venture industry expert. Keystone Innovation District will administer programming, with consulting from Social Impact Advisory Group.
LaunchKC continues to see momentum, wrapping up its seventh year, having invested more than $3.5 million in cash grants to 100 companies that have created more than 300 jobs in Missouri and attracted more than $60 million in follow-on capital.
Sixty-three percent of LaunchKC participant companies are minority or woman-owned businesses, according to the effort, which most recently wrapped its rebooted LaunchKC grants competition during Global Entrepreneurship Week Kansas City.
RELATED: Winners revealed: LaunchKC awards $300K in rebooted grants competition
Featured Business
2023 Startups to Watch
stats here
Related Posts on Startland News
Fresh start: Selfie studio goes mobile, reimagining its FOMO factory as a custom experience
Fresh Factory KC is evolving, founder India Wells-Carter shared, embracing change as she re-evaluates where and how her camera-ready venture can help shine the brightest light on Kansas City. After a year and a half in its brick-and-mortar location at the Zona Rosa shopping center, Fresh Factory KC has uprooted and gone mobile, bringing the…
They’re not trying to die(t); how this mother-daughter influencer duo teaches spice of life after weight loss surgery
A support system after weight loss surgery is essential, shared Kiley Williams-Bowls and Linda Donaldson. After both underwent bariatric surgery, the Kansas City mother-daughter duo behind BariGirls have set out to help others who’ve experienced the procedure maintain healthy habits. “We discovered that there are hundreds of thousands of people that have had weight loss…
Menswear in motion: Designer brings ‘specific’ eye, new runway show to KC fashion scene
A self-taught Kansas City fashion designer will bring his signature menswear line to a runway tailored just for men later this month, he shared, hosting an event that he characterized as a celebration of menswear. Mid-West Men’s Fashion Week (MWMFW) is set for March 24-26 at Audi Shawnee Mission in Merriam, according to Christian Shuster,…
HERImpact awards $50K: Prize money expected to help pop-up scale into its own space
Editor’s note: 1863 Ventures is an advertiser with Startland News, though this report was produced independently by the nonprofit newsroom. Tirza Design allows consumers to support cause-based brands and survivors of human trafficking, exploitation, and other forms of abuse, detailed Nikkie Affholter, noting her venture also meets the need of bringing dignified employment to women who’ve escaped…