Kansas City prepares to welcome LaunchKC finalists to town for the Techweek conference and judging in September.
With just one month to go before the LaunchKC application deadline officially closes, entrepreneurs still have time and plenty of incentive to apply for $50,000 and $100,000 in equity-free grants.
LaunchKC, the grants competition for tech entrepreneurs, is open to startups from around the globe. Each applicant will be competing for one of eight (8) $50,000 grants and one (1) grand prize grant of $100,000. Recipients also receive expert mentorship, incubator space, and they win access to resources, and infrastructure to build their business in Downtown Kansas City.
“This is a time to take your chance,” said Drew Solomon, competition chair for LaunchKC. “You have until midnight on Friday, July 7, to elevate your startup business plan, gain access to a non-dilutive grant, complete the online application form, prepare a pitch video, and enter LaunchKC.”
The 2017 LaunchKC competition opened on March 1, and celebrated with a kickoff event during the acclaimed South X Southwest Festival in Austin. The online application form is available at http://launchkc2017.startupcompete.co.
“Our goal for 2017 is to raise the bar in our search for the best applicants, which is one of the reasons we are offering at grand prize of $100,000 to one recipient” Solomon said. “Our emphasis is on the future of Kansas City and the tech-driven enterprises that allow for continued growth and development of this city.”
Once the application window closes online July 7, Solomon will lead a panel of business leaders as they begin the rigorous review of the applications over the next six weeks. All applications will be reviewed multiple times, as judges narrow the list of contenders down to 20 finalists.
When the judging concludes on Aug. 24, the finalists will advance to the Techweek Kansas City conference on on Friday, Sept. 15, where they will present and compete before a panel of judges and conference attendees.
In 2016, LaunchKC selected its second class of 10 entrepreneurs, including Mycroft, ConsultUs, FEWDM, Super Dispatch, Big Bang, Perfectcube, Mobility Design, Forest Devices, Innovelity and Labor Chart.
In 2015, grant recipients included Blooom, Health ID, Integrated Roadways, KC Drone Company, Nodal Security, PopBookings, Pycno, Square Offs, Vertisense and VideoFizz.
“It’s amazing to see what this program has done for the city, and in turn what the city has done for the recipients”. Solomon said.
LaunchKC research of the 2015 grant recipients – as of March 2017 – indicates the buinesses employ 48 full-time Employees, which was a net increase of 20 FTE’s from the prior year. Also, the average salary of a grant recipient’s full-time employees is $68,500, up by nearly $28,000 from the prior year.
LaunchKC is supported by a strong base of sponsor partners from the public and private sectors, including; the Missouri Technology Corporation, the City of Kansas City, Missouri, the William T. Kemper Foundation, the Kansas City Power & Light District, UMB Bank, Burns & McDonnell, KCP&L, Lead Bank, Google Fiber, Husch Blackwell, Polsinelli, the State of Missouri Department of Economic Development, Lathrop & Gage, J.E. Dunn Construction, Marriott Downtown, Techweek, the Downtown Council of Kansas City and the Economic Development Corporation of Kansas City.
To learn more about the LaunchKC competition, or becoming a sponsor partner, visit www.launchkc.org for more information and to access the online application form http://launchkc2017.startupcompete.co.
With only 30 days left to apply, this is the perfect time to to jump in.