A new investment group, dubbed FlyOver Capital and composed of a half-dozen wealthy, anonymous private investors, has pledged more than $25 million for a new entrepreneurial investment pool in Kansas City. The fund to help startup companies is one of several multi-million-dollar commitments associated with the Big 5 initiatives that were first established two years ago by the Greater Kansas City Chamber of Commerce.
A panel of 10 business, civic and academic leaders talked about the successes at a chamber event Thursday. Those included a previously announced $20 million gift to help create a downtown arts campus for students and the recently announced $75 million grant toward a medical research facility. The goals are: make Kansas City America’s most entrepreneurial city; create a regional translational medical research institute; build on the existing “animal health corridor” by holding a world symposium on animal health; move UMKC’s Conservatory of Music and Dance from the main campus to downtown Kansas City.