SparkLabKC, a Kansas City Business Accelerator, Announces Second Class

Contact:
Jennifer Fettchenhauer
Eidson & Partners, Inc.
816-474-0747
jennifer@eidsonandpartners.com       

SparkLabKC, a Kansas City Business Accelerator, Announces Second Class

In-residence program provides seed capital, mentors and business advisory services for startup technology companies Kansas City, Mo. – October 9, 2013 – Applications for 10 positions in SparkLabKC’s second class are now open at www.SparkLabKC.com. The program will begin January 13, 2014.

On August 23rd, SparkLabKC’s first class concluded with a successful Demo Day during which 10 companies presented their businesses to investors. More than 175 people, including dozens of qualified investors, attended.

Kevin Fryer, Managing Director of SparkLabKC noted, “With our first class, we learned conclusively that the SparkLabKC mentors are the secret to these companies’ growth and maturation. More than 100 mentors made a commitment to support these startups and the outcomes were dramatic.”

“SparkLabKC not only accelerated our business, our network and our resource pool, the program put us in the right state of mind to hit the market with a minimum viable product,” said Christian Fisher, CEO of Briefcase, a company that participated in SparkLabKC’s inaugural class. He added, “We are better situated to be successful as a result of the program and its founders getting behind us -- even through a mid-program company pivot.” 

SparkLabKC supports early-stage technology startups using a proven business accelerator program adapted to the Kansas City region by focusing on startups working in industries that drive Kansas City’s economy. The program builds on the strengths of the region’s vast entrepreneurial community and on public-private partnerships. SparkLabKC accepts both Internet-based companies and companies with physical products.

SparkLabKC will select 10 early-stage technology startup companies from across the region for this 90-day accelerator program that provides:
·   Seed capital of up to $18,000
·   More than 100 mentors with deep experience across virtually every industry
·   Free workspace
·   Legal, accounting and financial advisory services
·   A formal prototype demonstration day for potential investors

SparkLabKC sponsors and partners include:
·   Polsinelli
·   Meara. Welch. Browne.
·   Mid-America Angels Investments, LLC
·   DST Systems, Inc.
·   Missouri Bank
·   OneLouder
·   HR On-Call Solutions
·   EPR Properties
·   MRIGlobal
·   OpenAir Equity Partners
·   KCNext – The Technology Council of Greater Kansas City
·   Rockhurst University
·   University of Missouri-Kansas City Innovation Center
·   University of Kansas Center for Technology Commercialization
·   RJI – The Donald W. Reynolds Journalism Institute
·   University of Missouri

How the Program Works:

SparkLabKC will take applications at www.SparkLabKC.com from October 1 through December 1, 2013.

SparkLabKC will select 10 companies and the accelerator program will begin January 13, 2014 at the SparkLabKC office, located at 215 West Pershing Road, just across the street from Union Station in Kansas City, Mo.

SparkLabKC program timeline:
·   Month one involves heavy mentoring to help refine business and product strategies.
·   Month two is product-focused with work on prototype development.
·   Month three focuses on refining the prototype pitch for Demo Day.
·   April 11, 2014 is Demo Day during which each company presents its prototype product to angel investors and venture capitalists.

About SparkLabKC: We are an early-stage technology business accelerator based in Kansas City, Mo., created to help driven Midwestern entrepreneurs forge their ideas into successful companies. SparkLabKC selects 10 promising startups each year for a 90-day intense, in-residence, mentor-driven program that provides up to $18,000 in seed capital, business advisory services, free workspace and a formal demonstration day with potential investors. This is a proven accelerator program adapted to the Kansas City region. Our program builds on public-private partnerships and the strengths of the region’s vast entrepreneurial community. Startups that have been through this kind of program have a superior track record of generating new companies, new jobs and achieving a significant impact in their communities. For more information go to www.SparkLabKC.com.