Funding

Kansas’ angel tax credits sprint to legal finish line

By Tommy Felts / March 22, 2016

The Kansas House of Representatives nearly unanimously agreed that the state’s Angel Investor Tax Credits program must continue to boost early-stage businesses. The House voted 122 to 3 in favor of a measure that will extend the life of the $6 million program until 2021. Angel investor tax credits, which are set to expire in 2016,…

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Shawnee native sells another startup for over $1B with GM deal

By Tommy Felts / March 21, 2016

General Motors is hoping to become the leader of self-driving car technology with the gargantuan acquisition of Cruise Automation, whose founder has a local tie.   GM announced on March 11 that it purchased Cruise for more than $1 billion in a move that aims to accelerate the development of GM’s autonomous vehicle tech. Cruise…

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Kansas’ angel tax credits score first victory but hurdles remain

By Tommy Felts / March 18, 2016

A bill extending Kansas’ popular Angel Investor Tax Credits scored its first victory Thursday, but legislators must make quick work of the measure if the program is to survive. The Kansas House Committee on Taxation unanimously approved a measure to continue the program, which offers accredited investors a tax credit of up to $50,000 on…

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Holt: Early-stage capital isn’t Kansas City’s biggest problem

By Tommy Felts / March 8, 2016

Rack your brain and create a list of local tech businesses that have successfully raised early-stage capital in Kansas City. The list is actually quite extensive. Now try to list the tech firms that have raised later stage capital in Kansas City — defined as closing a round of $5 million or more. It’s going…

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Austin’s ‘hostile attitude’ toward innovation, startup hub trends

By Tommy Felts / March 3, 2016

Here’s this week’s dish on lesson’s learned from Austin’s “hostile attitude” toward innovation, booming non-Silicon Valley startup hubs and what startups can do for the future workforce. Check out more in this series here. AustinInno: Austin just scared off 1 of its ‘biggest supporters’ in Silicon Valley The Austin, Texas City Council’s recent decision to…

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