UMKC Innovation Center partners with the university and the community to spark and sustain entrepreneurial efforts within our region and across the country.

KCSourceLink connects KC entrepreneurs to the right resource at the right time.

MOSourceLink connects Missouri entrepreneurs to the right resource at the right time.

Whiteboard2Boardroom connects entrepreneurs and businesses to technologies available for licensing.

Digital Sandbox KC provides early-stage proof-of-concept support for digital products.

Missouri Small Business & Technology Development Center provides technical assistance to startup and existing businesses.

ScaleUP! Kansas City helps businesses with revenues around $200K scale toward their first $1 million.

Missouri Procurement Technical Assistance Centers helps local businesses obtain government contracts.

KCInvestED helps investors learn more about investing in KC startups.

SourceLink® helps communities nationwide build vibrant and vital entrepreneurial ecosystems.
UMKC Innovation Center
Money Growing | MOSourceLink
By Donette Lowe
September 27, 2019

The SBA Just Awarded Out $3 Million Dollars

Another huge win for entrepreneurship has recently been announced! The U.S. Small Business Administration (SBA) just awarded 60 business accelerators $3 million in their recent competition. 

We are so happy to share that two of our very own Resource Partners were recipients:

For the fifth year, the U.S. Small Business Administration launched the Growth Accelerator Fund competition for the nation's most innovative and promising small business accelerators and incubators to compete for monetary prizes of $50,000 each. 

This year’s award recipients will focus at least 60 percent of their competition-related work to entrepreneurs who represent one of the following groups: women; socially and economically disadvantaged individuals; entrepreneurs living in or whose businesses are located and operate in states with a lower number of SBIR/STTR awards, or in an Opportunity Zone. 

If you’re still asking yourself why this matters, keep reading. Accelerators support small business in development, growth and scaling. When small business is supported, our local economies receive a boost. If you’ve checked out the Show Me Jobs report, you know that 80% of new jobs were provided by startups in 2018 alone. Supporting our Resource Partners with their own resources is important for entrepreneurs and our economy. 

Kudos to all of the winners of the competition and cheers to this boost for Missouri entrepreneurship. 

 

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