Got A Startup Idea? LaunchKC Has $500,000

Apr 3, 2016

Entrepreneurs often say one of the hardest parts of getting a new business off the ground is raising enough capital to stay afloat in the initial lean years. 

Metro-based technology funder LaunchKC hopes to help bridge those early years for several startups with the latest version of a competition that's set to dole out $500,000 in funding this summer. The group began accepting applications for this year's startup grants competition Friday. 

This is LaunchKC's second annual competition. Last year, almost 500 applicants from around the world entered the competition. Ten companies each received $50,000 grants. Six of them were from the Kansas City area. The winning startups dealt with everything from retirement planning to commercial drones. 

Applications for this year's competition will be open until July 6, and the winners will be announced at TechWeek Kansas City in September. 

Lisa Rodriguez is a reporter and weekend newscaster for KCUR. She also helps produce KCUR's weekday talk show Up To Date.